ONE Gas, Inc. (NYSE:OGS) Receives $64.56 Consensus PT from Brokerages

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

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

Institutional Investors Weigh In On ONE Gas

Institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of ONE Gas during the fourth quarter worth $30,395,000. Jupiter Asset Management Ltd. boosted its position in shares of ONE Gas by 1,312.3% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 243,486 shares of the utilities provider’s stock worth $16,625,000 after acquiring an additional 226,246 shares in the last quarter. Barclays PLC increased its holdings in shares of ONE Gas by 162.5% in the 3rd quarter. Barclays PLC now owns 330,631 shares of the utilities provider’s stock valued at $22,575,000 after acquiring an additional 204,655 shares during the last quarter. First Trust Advisors LP lifted its stake in ONE Gas by 15.3% during the fourth quarter. First Trust Advisors LP now owns 1,108,868 shares of the utilities provider’s stock worth $70,657,000 after purchasing an additional 147,471 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in ONE Gas by 11.2% in the third quarter. Victory Capital Management Inc. now owns 1,451,343 shares of the utilities provider’s stock valued at $99,098,000 after purchasing an additional 146,110 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Stock Down 0.7 %

ONE Gas stock opened at $65.45 on Tuesday. ONE Gas has a 1-year low of $55.50 and a 1-year high of $83.89. The business has a fifty day moving average price of $62.80 and a 200-day moving average price of $62.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 3.42 and a beta of 0.65.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, meeting the consensus estimate of $1.27. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The business had revenue of $605.90 million for the quarter, compared to the consensus estimate of $751.77 million. During the same period in the prior year, the firm earned $1.23 EPS. The business’s revenue for the quarter was down 26.0% on a year-over-year basis. Equities research analysts forecast that ONE Gas will post 3.86 EPS for the current fiscal year.

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.