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

ONE Gas, Inc. (NYSE:OGS) has received an average recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $72.69.

Several equities analysts have commented on OGS shares. Bank of America started coverage on shares of ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 target price on the stock. Morgan Stanley boosted their target price on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Jefferies Financial Group started coverage on ONE Gas in a research note on Monday, December 9th. They issued a “hold” rating and a $79.00 price objective on the stock. Finally, Stifel Nicolaus raised their target price on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, December 6th.

Institutional Trading of ONE Gas

A number of hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC raised 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 acquiring an additional 266 shares during the period. Rothschild Investment LLC acquired a new stake in ONE Gas during the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its stake in ONE Gas by 150.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 349 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of ONE Gas in the third quarter valued at $45,000. Finally, GAMMA Investing LLC boosted its position in shares of ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after buying an additional 261 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Stock Performance

Shares of OGS stock opened at $70.50 on Wednesday. ONE Gas has a 12-month low of $57.74 and a 12-month high of $78.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 18.36 and a beta of 0.70. The business has a 50 day simple moving average of $73.83 and a 200 day simple moving average of $69.56.

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

ONE Gas Dividend Announcement

The business also recently announced 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.

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.