ONE Gas (NYSE:OGS) Downgraded by StockNews.com to Sell

ONE Gas (NYSE:OGS) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts also recently issued reports on the company. Wells Fargo & Company cut their price target on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus raised their target price on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Bank of America started coverage on shares of ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 price target on the stock. LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research report on Friday, December 6th. Finally, Jefferies Financial Group started coverage on ONE Gas in a research report on Monday, December 9th. They issued a “hold” rating and a $79.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $72.69.

ONE Gas Stock Up 0.1 %

ONE Gas stock opened at $72.68 on Friday. ONE Gas has a fifty-two week low of $57.74 and a fifty-two week high of $78.89. The firm has a market capitalization of $4.12 billion, a PE ratio of 18.93, a P/E/G ratio of 5.51 and a beta of 0.71. The company’s 50-day moving average is $72.23 and its 200-day moving average is $70.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. During the same period last year, the firm earned $0.45 EPS. ONE Gas’s quarterly revenue was up 1.4% compared to the same quarter last year. Sell-side analysts anticipate that ONE Gas will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On ONE Gas

Several institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its stake in ONE Gas by 3,620.0% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 362 shares during the period. Transcendent Capital Group LLC grew its holdings in shares of ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 266 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 349 shares during the period. GAMMA Investing LLC raised its stake in ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 261 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in ONE Gas during the third quarter worth about $45,000. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.