ONE Gas, Inc. (NYSE:OGS) Receives Consensus Rating of “Hold” from Brokerages

ONE Gas, Inc. (NYSE:OGS) has earned a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $75.21.

Several equities analysts have recently issued reports on the company. LADENBURG THALM/SH SH upgraded ONE Gas to a “hold” rating in a research note on Monday, March 17th. Jefferies Financial Group upgraded ONE Gas from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $84.00 in a report on Monday, April 7th. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Morgan Stanley lifted their price objective on ONE Gas from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th.

ONE Gas Price Performance

ONE Gas stock opened at $75.99 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 3.64 and a beta of 0.74. The stock’s 50 day moving average is $73.55 and its 200-day moving average is $72.64. ONE Gas has a 12 month low of $58.31 and a 12 month high of $78.89.

ONE Gas (NYSE:OGS) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.34. The firm had revenue of $630.70 million during the quarter, compared to the consensus estimate of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. Equities research analysts expect that ONE Gas will post 4.26 EPS for the current year.

Institutional Investors Weigh In On ONE Gas

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of ONE Gas by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider’s stock valued at $434,253,000 after acquiring an additional 41,933 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in ONE Gas by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,124,928 shares of the utilities provider’s stock valued at $147,152,000 after buying an additional 25,145 shares during the period. Geode Capital Management LLC increased its holdings in shares of ONE Gas by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock worth $100,836,000 after buying an additional 18,477 shares during the period. Boston Trust Walden Corp boosted its holdings in ONE Gas by 0.9% during the 4th quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider’s stock valued at $73,302,000 after acquiring an additional 9,302 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of ONE Gas by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider’s stock worth $66,824,000 after purchasing an additional 15,976 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

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.