ONE Gas (NYSE:OGS) Raised to Hold at StockNews.com

ONE Gas (NYSE:OGS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Several other research firms also recently weighed in on OGS. Jefferies Financial Group decreased their price target on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company cut their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. LADENBURG THALM/SH SH cut ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price on the stock. in a report on Friday, December 6th. Stifel Nicolaus increased their price target on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday, December 6th. Finally, Bank of America started coverage on ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, ONE Gas has an average rating of “Hold” and a consensus price target of $72.31.

ONE Gas Price Performance

NYSE:OGS opened at $73.08 on Thursday. The stock has a 50 day moving average of $70.19 and a two-hundred day moving average of $71.47. ONE Gas has a 12 month low of $57.74 and a 12 month high of $78.89. The firm has a market cap of $4.14 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 3.65 and a beta of 0.72. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting the consensus estimate of $1.34. The firm had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $973.58 million. ONE Gas had a return on equity of 7.89% and a net margin of 10.70%. On average, analysts expect that ONE Gas will post 4.26 earnings per share for the current fiscal year.

Institutional Trading of ONE Gas

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC boosted its stake in ONE Gas by 17.3% during the third quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock worth $125,000 after buying an additional 248 shares during the period. Creative Planning boosted its position in shares of ONE Gas by 3.5% during the 3rd quarter. Creative Planning now owns 30,203 shares of the utilities provider’s stock worth $2,248,000 after purchasing an additional 1,021 shares during the period. International Assets Investment Management LLC increased its holdings in ONE Gas by 9,036.9% in the 3rd quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock valued at $15,061,000 after purchasing an additional 200,168 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in ONE Gas in the third quarter valued at approximately $260,000. Finally, Boston Trust Walden Corp lifted its stake in ONE Gas by 10.4% during the third quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider’s stock worth $78,082,000 after purchasing an additional 98,489 shares in the last quarter. 88.71% of the stock is 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.