ONE Gas (NYSE:OGS) Raised to “Hold” at StockNews.com

ONE Gas (NYSE:OGS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

OGS has been the topic of several other research reports. Mizuho upped their price objective on shares of ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Morgan Stanley decreased their target price on ONE Gas from $61.00 to $58.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Finally, UBS Group assumed coverage on shares of ONE Gas in a research note on Friday, April 12th. They set a “sell” rating and a $61.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, ONE Gas presently has an average rating of “Hold” and an average price target of $64.69.

ONE Gas Stock Up 1.5 %

OGS traded up $0.97 during trading hours on Friday, reaching $65.69. 407,318 shares of the stock traded hands, compared to its average volume of 429,650. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 3.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.39. ONE Gas has a fifty-two week low of $55.50 and a fifty-two week high of $82.06. The firm’s fifty day simple moving average is $62.27 and its two-hundred day simple moving average is $62.20.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). ONE Gas had a net margin of 10.86% and a return on equity of 8.37%. The firm had revenue of $758.32 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. The company’s revenue for the quarter was down 26.5% compared to the same quarter last year. As a group, analysts forecast that ONE Gas will post 3.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ONE Gas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC lifted its holdings in ONE Gas by 21.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 174 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of ONE Gas by 44.0% during the second quarter. SG Americas Securities LLC now owns 9,369 shares of the utilities provider’s stock worth $598,000 after buying an additional 2,861 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of ONE Gas by 1.8% during the second quarter. Linden Thomas Advisory Services LLC now owns 15,213 shares of the utilities provider’s stock worth $971,000 after purchasing an additional 270 shares during the last quarter. CWM LLC lifted its holdings in shares of ONE Gas by 72.1% during the second quarter. CWM LLC now owns 1,432 shares of the utilities provider’s stock worth $91,000 after purchasing an additional 600 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of ONE Gas by 0.9% during the second quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider’s stock worth $1,597,000 after purchasing an additional 230 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

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.