News coverage about ONE Gas (NYSE:OGS) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. ONE Gas earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 26 out of 100, meaning that recent media coverage is unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms recently commented on OGS. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Wednesday, May 10th. BidaskClub cut ONE Gas from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Jefferies Group LLC reaffirmed a “sell” rating and set a $59.00 target price on shares of ONE Gas in a research note on Friday, March 31st. Finally, Morgan Stanley raised their target price on ONE Gas from $68.00 to $70.00 and gave the stock an “underweight” rating in a research note on Monday, May 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. ONE Gas currently has an average rating of “Hold” and a consensus target price of $65.33.
Shares of ONE Gas (OGS) traded up 1.79% on Friday, reaching $72.21. The company’s stock had a trading volume of 226,199 shares. The company has a market cap of $3.79 billion, a P/E ratio of 25.16 and a beta of 0.11. The company’s 50 day moving average price is $70.69 and its 200 day moving average price is $67.53. ONE Gas has a 12-month low of $55.98 and a 12-month high of $72.97.
ONE Gas (NYSE:OGS) last posted its earnings results on Monday, May 1st. The utilities provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. ONE Gas had a return on equity of 8.02% and a net margin of 10.33%. The firm had revenue of $550.41 million for the quarter, compared to the consensus estimate of $582.25 million. During the same quarter in the prior year, the business earned $1.22 EPS. Analysts forecast that ONE Gas will post $2.97 EPS for the current fiscal year.
In other news, Director Michael G. Hutchinson sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $69.28, for a total value of $69,280.00. Following the sale, the director now directly owns 5,838 shares of the company’s stock, valued at approximately $404,456.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.25% of the company’s stock.
About ONE Gas
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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