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

ONE Gas, Inc. (NYSE:OGS) has been given an average rating of “Hold” by the eight brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $72.69.

A number of analysts have recently issued reports on OGS shares. Jefferies Financial Group began coverage on ONE Gas in a report on Monday, December 9th. They set a “hold” rating and a $79.00 target price for the company. LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research report on Friday, December 6th. Wells Fargo & Company reduced their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley increased their price target on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Stifel Nicolaus boosted their price objective on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th.

ONE Gas Stock Performance

NYSE:OGS opened at $70.50 on Wednesday. The company has a market cap of $3.99 billion, a P/E ratio of 18.36 and a beta of 0.70. The firm’s 50 day moving average is $73.83 and its two-hundred day moving average is $69.56. ONE Gas has a fifty-two week low of $57.74 and a fifty-two week high of $78.89. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85.

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

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.66 per share. The ex-dividend date was Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.74%. ONE Gas’s payout ratio is 68.75%.

Institutional Trading of ONE Gas

Several institutional investors have recently added to or reduced their stakes in OGS. Transcendent Capital Group LLC grew its holdings in shares of ONE Gas by 266.0% during the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 266 shares during the last quarter. Rothschild Investment LLC bought a new position in ONE Gas during the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC increased its position in ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after buying an additional 349 shares during the period. GAMMA Investing LLC lifted its stake in ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after buying an additional 261 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of ONE Gas during the third quarter valued at $45,000. Institutional investors own 88.71% of the company’s stock.

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.