ONE Gas, Inc. (NYSE:OGS) Receives $77.64 Consensus Target Price from Brokerages

Shares of ONE Gas, Inc. (NYSE:OGS) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $77.64.

A number of analysts have recently issued reports on OGS shares. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a “hold” rating in a research note on Friday, May 9th. Morgan Stanley reiterated an “underperform” rating on shares of ONE Gas in a report on Wednesday, June 18th. Guggenheim upped their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Wall Street Zen raised ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company boosted their price target on ONE Gas from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th.

Hedge Funds Weigh In On ONE Gas

Large investors have recently modified their holdings of the stock. Coppell Advisory Solutions LLC bought a new position in ONE Gas during the fourth quarter worth $26,000. UMB Bank n.a. lifted its holdings in shares of ONE Gas by 69.1% in the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 257 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in ONE Gas during the 4th quarter valued at approximately $50,000. Farther Finance Advisors LLC grew its stake in ONE Gas by 195.6% during the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider’s stock worth $61,000 after buying an additional 530 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in ONE Gas by 20.1% in the second quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider’s stock worth $65,000 after buying an additional 152 shares during the period. Institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Down 1.0%

NYSE:OGS opened at $72.20 on Thursday. The business’s 50-day moving average is $73.33 and its two-hundred day moving average is $73.75. The firm has a market capitalization of $4.33 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 3.06 and a beta of 0.80. ONE Gas has a 12 month low of $65.75 and a 12 month high of $82.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.59 and a quick ratio of 0.54.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, beating the consensus estimate of $1.85 by $0.13. The business had revenue of $935.19 million for the quarter, compared to the consensus estimate of $882.31 million. ONE Gas had a return on equity of 8.15% and a net margin of 10.75%. The company’s revenue was up 23.3% on a year-over-year basis. During the same period last year, the business posted $1.75 EPS. Research analysts predict that ONE Gas will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.71%. ONE Gas’s dividend payout ratio (DPR) is presently 64.73%.

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.