ONE Gas (NYSE:OGS) Stock Rating Upgraded by StockNews.com

ONE Gas (NYSE:OGS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other analysts have also recently issued reports on OGS. Jefferies Financial Group started coverage on ONE Gas in a research note on Monday, December 9th. They set a “hold” rating and a $79.00 target price for the company. Stifel Nicolaus increased their price objective 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. LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a research report on Friday, December 6th. Wells Fargo & Company dropped their price target on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Finally, Bank of America initiated coverage on ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, ONE Gas presently has an average rating of “Hold” and a consensus target price of $72.69.

ONE Gas Trading Down 0.2 %

OGS traded down $0.11 during mid-day trading on Wednesday, hitting $69.25. The stock had a trading volume of 217,757 shares, compared to its average volume of 408,507. ONE Gas has a 1-year low of $57.74 and a 1-year high of $78.89. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 18.03 and a beta of 0.70. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The stock’s fifty day simple moving average is $72.94 and its 200-day simple moving average is $70.16.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. During the same period in the previous year, the business posted $0.45 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, research analysts forecast that ONE Gas will post 3.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OGS. Transcendent Capital Group LLC lifted its stake in shares of ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after buying an additional 266 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of ONE Gas in the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC increased its stake in shares of ONE Gas by 150.4% during the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 349 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in ONE Gas during the 3rd quarter worth approximately $45,000. Finally, GAMMA Investing LLC boosted its stake in ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 261 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

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.