ONE Gas, Inc. (NYSE:OGS) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, one has given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $70.60.
Several brokerages have commented on OGS. BidaskClub upgraded shares of ONE Gas from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Wednesday, November 8th. Morgan Stanley raised their target price on shares of ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a report on Thursday, August 10th. UBS AG downgraded shares of ONE Gas from a “neutral” rating to a “sell” rating and raised their target price for the stock from $71.00 to $72.00 in a report on Monday, October 2nd. Finally, Jefferies Group LLC restated a “sell” rating and set a $62.00 target price on shares of ONE Gas in a report on Sunday, September 10th.
A number of hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC acquired a new stake in ONE Gas during the 3rd quarter worth approximately $341,000. California Public Employees Retirement System raised its holdings in shares of ONE Gas by 9.6% in the third quarter. California Public Employees Retirement System now owns 124,021 shares of the utilities provider’s stock valued at $9,133,000 after purchasing an additional 10,821 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of ONE Gas by 76.5% in the third quarter. Cubist Systematic Strategies LLC now owns 6,158 shares of the utilities provider’s stock valued at $453,000 after purchasing an additional 2,670 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of ONE Gas in the third quarter valued at approximately $1,912,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of ONE Gas by 5.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 336,355 shares of the utilities provider’s stock valued at $24,770,000 after purchasing an additional 16,286 shares during the last quarter. Hedge funds and other institutional investors own 72.76% of the company’s stock.
ONE Gas (NYSE:OGS) opened at $76.79 on Friday. ONE Gas has a one year low of $58.77 and a one year high of $78.26. The firm has a market cap of $4,014.12, a P/E ratio of 25.68, a P/E/G ratio of 4.06 and a beta of 0.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 1.14.
ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08. ONE Gas had a net margin of 10.42% and a return on equity of 8.22%. The business had revenue of $247.14 million for the quarter, compared to analyst estimates of $242.75 million. During the same quarter last year, the firm earned $0.24 EPS. analysts forecast that ONE Gas will post 3.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.68 annualized dividend and a yield of 2.19%. ONE Gas’s dividend payout ratio (DPR) is currently 56.19%.
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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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