ONE Gas, Inc. (NYSE:OGS) Receives $64.56 Average Price Target from Analysts

ONE Gas, Inc. (NYSE:OGS) has been assigned an average recommendation of “Reduce” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $64.56.

A number of research analysts have weighed in on the company. LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price for the company in a report on Tuesday, March 5th. UBS Group started coverage on shares of ONE Gas in a research note on Friday, April 12th. They issued a “sell” rating and a $61.00 target price on the stock. Wells Fargo & Company raised their price objective on ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Mizuho boosted their price objective on shares of ONE Gas from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, April 19th. Finally, Morgan Stanley boosted their target price on ONE Gas from $57.00 to $58.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st.

ONE Gas Stock Performance

NYSE:OGS opened at $65.91 on Tuesday. The company has a market capitalization of $3.73 billion, a P/E ratio of 15.92, a P/E/G ratio of 3.35 and a beta of 0.65. The business has a fifty day simple moving average of $62.68 and a two-hundred day simple moving average of $62.14. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39. ONE Gas has a 1 year low of $55.50 and a 1 year high of $83.89.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, meeting analysts’ consensus estimates of $1.27. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The company had revenue of $605.90 million for the quarter, compared to analysts’ expectations of $751.77 million. During the same period in the prior year, the company posted $1.23 EPS. ONE Gas’s revenue was down 26.0% compared to the same quarter last year. On average, analysts expect that ONE Gas will post 3.86 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its holdings in shares of ONE Gas by 66.3% during the 1st quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock valued at $27,000 after buying an additional 169 shares in the last quarter. BKM Wealth Management LLC bought a new stake in ONE Gas during the fourth quarter worth about $28,000. Quadrant Capital Group LLC grew its holdings in ONE Gas by 290.4% in the fourth quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 334 shares during the period. Jones Financial Companies Lllp increased its stake in shares of ONE Gas by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 337 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its stake in ONE Gas by 147.8% during the first quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock valued at $52,000 after buying an additional 479 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

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.