ONE Gas (NYSE:OGS) Upgraded to Hold at StockNews.com

ONE Gas (NYSE:OGS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

OGS has been the topic of several other reports. Jefferies Financial Group cut their target price on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Stifel Nicolaus lifted their target price on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Bank of America started coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 target price on the stock. Finally, LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price on the stock. in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, ONE Gas presently has an average rating of “Hold” and a consensus price target of $72.31.

ONE Gas Trading Down 1.6 %

Shares of ONE Gas stock opened at $73.60 on Wednesday. The firm has a market capitalization of $4.41 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. The firm’s 50 day moving average is $71.42 and its 200 day moving average is $72.15. ONE Gas has a 1 year low of $58.31 and a 1 year high of $78.89.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.34. The company had revenue of $630.70 million for the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. Equities research analysts forecast that ONE Gas will post 4.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OGS. Wellington Management Group LLP lifted its position in shares of ONE Gas by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock worth $258,283,000 after purchasing an additional 645,566 shares during the period. Norges Bank acquired a new position in shares of ONE Gas in the 4th quarter worth approximately $43,344,000. Bank of Montreal Can lifted its position in shares of ONE Gas by 1,421.7% in the 4th quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider’s stock worth $33,865,000 after purchasing an additional 456,891 shares during the period. Deutsche Bank AG lifted its position in shares of ONE Gas by 60.7% in the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider’s stock worth $56,914,000 after purchasing an additional 310,460 shares during the period. Finally, Verition Fund Management LLC lifted its position in shares of ONE Gas by 320.2% in the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider’s stock worth $29,980,000 after purchasing an additional 306,974 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

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.