ONE Gas, Inc. (NYSE:OGS) Receives $65.06 Consensus PT from Brokerages

ONE Gas, Inc. (NYSE:OGSGet Free Report) has been given an average rating of “Reduce” by the seven brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $65.06.

Several research analysts have recently commented on OGS shares. LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price target for the company in a research report on Tuesday, March 5th. UBS Group initiated coverage on ONE Gas in a research report on Friday, April 12th. They issued a “sell” rating and a $61.00 price target on the stock. Morgan Stanley boosted their price target on ONE Gas from $58.00 to $61.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Wells Fargo & Company lifted their price objective on ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Finally, Mizuho boosted their price target on ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th.

Get Our Latest Stock Analysis on ONE Gas

ONE Gas Price Performance

Shares of ONE Gas stock opened at $60.16 on Wednesday. The business has a 50 day simple moving average of $62.54 and a two-hundred day simple moving average of $62.18. ONE Gas has a 12 month low of $55.50 and a 12 month high of $82.06. The stock has a market capitalization of $3.40 billion, a P/E ratio of 14.85, a PEG ratio of 3.13 and a beta of 0.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.39.

ONE Gas (NYSE:OGSGet Free Report) last posted its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $758.32 million during the quarter, compared to analyst estimates of $1.05 billion. ONE Gas had a net margin of 10.86% and a return on equity of 8.37%. ONE Gas’s revenue for the quarter was down 26.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.84 EPS. As a group, analysts predict that ONE Gas will post 3.85 EPS for the current fiscal year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Friday, May 17th. ONE Gas’s payout ratio is 65.19%.

Hedge Funds Weigh In On ONE Gas

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in shares of ONE Gas by 66.3% during the 1st quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock valued at $27,000 after buying an additional 169 shares during the period. BKM Wealth Management LLC acquired a new stake in shares of ONE Gas in the 4th quarter valued at $28,000. Quadrant Capital Group LLC lifted its stake in shares of ONE Gas by 290.4% in the 4th quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 334 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of ONE Gas by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 337 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in shares of ONE Gas by 147.8% in the 1st quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 479 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Company Profile

(Get Free Report

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.

Featured Stories

Analyst Recommendations for ONE Gas (NYSE:OGS)

Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.