ONE Gas (NYSE:OGS) Hits New 12-Month Low at $65.37

ONE Gas, Inc. (NYSE:OGS)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $65.37 and last traded at $65.45, with a volume of 5882 shares traded. The stock had previously closed at $66.82.

A number of equities analysts recently weighed in on OGS shares. Mizuho upped their target price on shares of ONE Gas from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, May 27th. They noted that the move was a valuation call. Morgan Stanley lowered their price objective on shares of ONE Gas from $72.00 to $71.00 and set an “underweight” rating for the company in a research report on Thursday, August 19th. Finally, Zacks Investment Research upgraded shares of ONE Gas from a “sell” rating to a “hold” rating and set a $77.00 price objective for the company in a research report on Thursday, June 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, ONE Gas currently has an average rating of “Hold” and a consensus price target of $80.17.

The firm has a market cap of $3.46 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 3.60 and a beta of 0.44. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.63 and a quick ratio of 1.40. The company’s 50-day simple moving average is $72.65 and its 200 day simple moving average is $74.87.

ONE Gas (NYSE:OGS) last announced its earnings results on Sunday, August 1st. The utilities provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.05. ONE Gas had a net margin of 12.28% and a return on equity of 9.07%. The business had revenue of $315.65 million for the quarter, compared to the consensus estimate of $279.14 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. Analysts anticipate that ONE Gas, Inc. will post 3.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Friday, August 13th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Thursday, August 12th. ONE Gas’s dividend payout ratio is currently 63.04%.

In other news, Director Eduardo A. Rodriguez sold 800 shares of the stock in a transaction on Thursday, September 9th. The shares were sold at an average price of $71.55, for a total value of $57,240.00. Following the sale, the director now owns 9,746 shares of the company’s stock, valued at $697,326.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.94% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Berman Capital Advisors LLC increased its stake in ONE Gas by 1,005.4% in the 1st quarter. Berman Capital Advisors LLC now owns 409 shares of the utilities provider’s stock worth $31,000 after buying an additional 372 shares during the period. Captrust Financial Advisors grew its holdings in ONE Gas by 92.9% during the 1st quarter. Captrust Financial Advisors now owns 957 shares of the utilities provider’s stock worth $74,000 after acquiring an additional 461 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in ONE Gas by 22.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,194 shares of the utilities provider’s stock worth $88,000 after acquiring an additional 217 shares in the last quarter. Quantbot Technologies LP bought a new position in ONE Gas during the 1st quarter worth about $136,000. Finally, Meeder Asset Management Inc. grew its holdings in ONE Gas by 19.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,922 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 309 shares in the last quarter. 80.25% of the stock is currently owned by institutional investors.

ONE Gas Company Profile (NYSE:OGS)

ONE Gas, Inc engages in the provision of natural gas distribution services. It also offers natural gas to residential, commercial, industrial, and transportation customers. The company was founded in 1906 and is headquartered in Tulsa, OK.

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