ONE Gas (OGS) PT Raised to $74.00

ONE Gas (NYSE:OGS) had its price target lifted by research analysts at Bank of America from $68.00 to $74.00 in a research note issued to investors on Monday, MarketBeat reports. The firm currently has an “underperform” rating on the utilities provider’s stock. Bank of America’s target price would indicate a potential downside of 8.86% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Morgan Stanley raised their target price on ONE Gas from $76.00 to $78.00 and gave the company a “sell” rating in a research report on Tuesday, September 11th. ValuEngine raised ONE Gas from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. Jefferies Financial Group reaffirmed a “$75.39” rating and set a $67.00 target price on shares of ONE Gas in a research report on Wednesday, July 18th. Finally, Wells Fargo & Co raised their target price on ONE Gas from $78.00 to $84.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $76.83.

Shares of ONE Gas stock opened at $81.19 on Monday. ONE Gas has a 1 year low of $62.20 and a 1 year high of $85.22. The firm has a market cap of $4.22 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 4.33 and a beta of 0.17. The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 0.44.



ONE Gas (NYSE:OGS) last announced its earnings results on Monday, October 29th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. ONE Gas had a return on equity of 8.85% and a net margin of 10.80%. The firm had revenue of $238.28 million during the quarter, compared to analyst estimates of $250.60 million. During the same period last year, the firm posted $0.36 EPS. Equities analysts expect that ONE Gas will post 3.25 earnings per share for the current fiscal year.

In other news, Director Arcilia Acosta purchased 1,265 shares of the business’s stock in a transaction dated Thursday, August 30th. The stock was bought at an average price of $78.94 per share, for a total transaction of $99,859.10. Following the purchase, the director now owns 2,277 shares of the company’s stock, valued at $179,746.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.62% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. OMERS ADMINISTRATION Corp bought a new position in shares of ONE Gas during the 2nd quarter worth $972,000. Janney Montgomery Scott LLC bought a new position in shares of ONE Gas during the 2nd quarter worth $245,000. Zacks Investment Management grew its stake in shares of ONE Gas by 3.3% during the 2nd quarter. Zacks Investment Management now owns 29,905 shares of the utilities provider’s stock worth $2,235,000 after acquiring an additional 955 shares during the period. Carillon Tower Advisers Inc. grew its stake in shares of ONE Gas by 65.9% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 266,506 shares of the utilities provider’s stock worth $19,919,000 after acquiring an additional 105,825 shares during the period. Finally, FMR LLC grew its stake in shares of ONE Gas by 127.1% during the 2nd quarter. FMR LLC now owns 371,028 shares of the utilities provider’s stock worth $27,731,000 after acquiring an additional 207,628 shares during the period. Institutional investors own 73.95% of the company’s stock.

About ONE Gas

ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.

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