ONE Gas (NYSE:OGS) Rating Increased to Hold at StockNews.com

ONE Gas (NYSE:OGS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus boosted their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Bank of America assumed coverage on ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 price target on the stock. Wells Fargo & Company lowered their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Jefferies Financial Group cut their target price on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Finally, LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target for the company. in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $72.31.

ONE Gas Trading Down 0.0 %

Shares of OGS traded down $0.03 during trading hours on Thursday, hitting $72.39. The stock had a trading volume of 932,485 shares, compared to its average volume of 426,636. ONE Gas has a 12-month low of $57.74 and a 12-month high of $78.89. The firm has a market cap of $4.10 billion, a P/E ratio of 18.85, a P/E/G ratio of 3.67 and a beta of 0.72. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. The company’s fifty day simple moving average is $70.14 and its 200 day simple moving average is $71.42.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 EPS for the quarter, hitting analysts’ consensus estimates of $1.34. The company had revenue of $630.70 million for the quarter, compared to analysts’ expectations of $973.58 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. Equities research analysts forecast that ONE Gas will post 3.89 EPS for the current fiscal year.

Institutional Trading of ONE Gas

Several institutional investors have recently modified their holdings of OGS. Arizona State Retirement System boosted its stake in shares of ONE Gas by 0.9% during the 4th quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider’s stock worth $1,139,000 after acquiring an additional 152 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of ONE Gas by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider’s stock valued at $4,225,000 after purchasing an additional 154 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of ONE Gas by 4.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock valued at $278,000 after purchasing an additional 159 shares during the period. Oppenheimer Asset Management Inc. increased its stake in ONE Gas by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider’s stock worth $1,497,000 after purchasing an additional 187 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in ONE Gas by 42.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

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.