ONE Gas, Inc. (NYSE:OGS) Given Consensus Rating of “Reduce” by Brokerages

Shares of ONE Gas, Inc. (NYSE:OGS) have been given an average recommendation of “Reduce” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $64.56.

Several equities analysts have recently issued reports on the company. Mizuho upped their price target on ONE Gas from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Wells Fargo & Company boosted their price target on shares of ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Morgan Stanley raised their target price on shares of ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. UBS Group started coverage on shares of ONE Gas in a research note on Friday, April 12th. They issued a “sell” rating and a $61.00 target price for the company. Finally, LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price on the stock in a research report on Tuesday, March 5th.

Institutional Trading of ONE Gas

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in ONE Gas by 0.4% in the third quarter. Vanguard Group Inc. now owns 6,402,167 shares of the utilities provider’s stock worth $437,140,000 after buying an additional 27,831 shares during the last quarter. Wellington Management Group LLP boosted its stake in ONE Gas by 3.5% during the 4th quarter. Wellington Management Group LLP now owns 1,555,206 shares of the utilities provider’s stock valued at $99,098,000 after purchasing an additional 52,740 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of ONE Gas by 6.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,548,689 shares of the utilities provider’s stock valued at $98,682,000 after buying an additional 97,346 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of ONE Gas by 15.3% during the 4th quarter. First Trust Advisors LP now owns 1,108,868 shares of the utilities provider’s stock valued at $70,657,000 after acquiring an additional 147,471 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in ONE Gas by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 817,199 shares of the utilities provider’s stock worth $52,073,000 after purchasing an additional 47,320 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Up 1.1 %

Shares of OGS stock opened at $64.64 on Tuesday. The firm has a fifty day moving average of $62.41 and a 200-day moving average of $62.13. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 3.32 and a beta of 0.65. ONE Gas has a 52-week low of $55.50 and a 52-week high of $83.89. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.39 and a current ratio of 0.52.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, hitting analysts’ consensus estimates of $1.27. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The firm had revenue of $605.90 million during the quarter, compared to analysts’ expectations of $751.77 million. During the same quarter last year, the company earned $1.23 earnings per share. The company’s revenue for the quarter was down 26.0% compared to the same quarter last year. On average, equities research analysts forecast that ONE Gas will post 3.86 earnings per share for the current fiscal year.

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.