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

ONE Gas, Inc. (NYSE:OGS) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $66.21.

A number of analysts have weighed in on OGS shares. Mizuho increased their target price on shares of ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. Wells Fargo & Company upgraded shares of ONE Gas from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $71.00 to $80.00 in a research report on Wednesday, September 11th. Morgan Stanley upped their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th.

ONE Gas Trading Down 0.7 %

Shares of OGS stock opened at $73.93 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $4.18 billion, a P/E ratio of 18.25, a P/E/G ratio of 3.87 and a beta of 0.66. ONE Gas has a twelve month low of $55.50 and a twelve month high of $74.99. The stock’s fifty day simple moving average is $69.78 and its 200 day simple moving average is $65.47.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $354.14 million during the quarter, compared to the consensus estimate of $362.06 million. ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. As a group, sell-side analysts predict that ONE Gas will post 3.84 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.66 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.64 annualized dividend and a yield of 3.57%. ONE Gas’s payout ratio is 65.19%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OGS. Wellington Management Group LLP boosted its stake in ONE Gas by 3.5% during the 4th quarter. Wellington Management Group LLP now owns 1,555,206 shares of the utilities provider’s stock valued at $99,098,000 after purchasing an additional 52,740 shares during the last quarter. BNP Paribas Financial Markets raised its position in ONE Gas by 127.8% in the 1st quarter. BNP Paribas Financial Markets now owns 86,764 shares of the utilities provider’s stock valued at $5,599,000 after buying an additional 48,671 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in ONE Gas during the 1st quarter valued at $575,000. Sprinkle Financial Consultants LLC purchased a new position in ONE Gas during the 4th quarter worth $4,736,000. Finally, Quantbot Technologies LP grew its stake in shares of ONE Gas by 399.7% in the 1st quarter. Quantbot Technologies LP now owns 17,633 shares of the utilities provider’s stock worth $1,138,000 after acquiring an additional 14,104 shares in the last quarter. 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.