ONE Gas (NYSE:OGS) Upgraded 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 note issued to investors on Wednesday.

A number of other analysts have also commented on the stock. LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target for the company. in a research note on Friday, December 6th. Stifel Nicolaus boosted their price target on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Bank of America assumed coverage on shares of ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 price target for the company. Finally, Jefferies Financial Group decreased their price target on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $72.31.

ONE Gas Stock Down 1.6 %

ONE Gas stock opened at $73.60 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. ONE Gas has a 12-month low of $58.31 and a 12-month high of $78.89. The firm’s fifty day moving average is $71.42 and its 200 day moving average is $72.15. The company has a market capitalization of $4.41 billion, a PE ratio of 18.82, a PEG ratio of 3.64 and a beta of 0.66.

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

Institutional Trading of ONE Gas

Several institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of ONE Gas by 7.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 184,951 shares of the utilities provider’s stock worth $12,808,000 after acquiring an additional 12,593 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of ONE Gas in the 4th quarter worth $1,301,000. Squarepoint Ops LLC boosted its holdings in shares of ONE Gas by 12.0% in the 4th quarter. Squarepoint Ops LLC now owns 23,842 shares of the utilities provider’s stock worth $1,651,000 after buying an additional 2,557 shares during the last quarter. Twinbeech Capital LP purchased a new position in shares of ONE Gas in the 4th quarter worth about $215,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ONE Gas in the 4th quarter worth about $50,000. 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.