ONE Gas, Inc. (NYSE:OGS) Receives $66.92 Consensus Target Price from Brokerages

ONE Gas, Inc. (NYSE:OGS) has been given an average rating of “Hold” by the five research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $68.30.

Several equities analysts recently issued reports on OGS shares. Wells Fargo & Company upped their price objective on ONE Gas from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Morgan Stanley boosted their target price on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th.

ONE Gas Stock Performance

ONE Gas stock opened at $73.61 on Tuesday. ONE Gas has a twelve month low of $55.50 and a twelve month high of $74.99. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $4.17 billion, a P/E ratio of 18.64, a PEG ratio of 3.82 and a beta of 0.66. The stock’s 50 day moving average is $71.48 and its 200 day moving average is $66.68.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $354.14 million for the quarter, compared to analysts’ expectations of $362.06 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.58 earnings per share. On average, equities research analysts predict that ONE Gas will post 3.86 earnings per share for the current fiscal year.

Institutional Trading of ONE Gas

Several institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in shares of ONE Gas by 127.8% during the first quarter. BNP Paribas Financial Markets now owns 86,764 shares of the utilities provider’s stock worth $5,599,000 after purchasing an additional 48,671 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of ONE Gas during the first quarter worth $575,000. Quantbot Technologies LP increased its holdings in ONE Gas by 399.7% in the 1st quarter. Quantbot Technologies LP now owns 17,633 shares of the utilities provider’s stock valued at $1,138,000 after acquiring an additional 14,104 shares during the last quarter. ProShare Advisors LLC lifted its stake in ONE Gas by 5.3% in the 1st quarter. ProShare Advisors LLC now owns 630,069 shares of the utilities provider’s stock worth $40,658,000 after purchasing an additional 31,665 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of ONE Gas by 52.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 27,610 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 9,456 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

About ONE Gas

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.