ONE Gas (NYSE:OGS) Cut to Sell at StockNews.com

StockNews.com lowered shares of ONE Gas (NYSE:OGS) from a hold rating to a sell rating in a report published on Saturday.

Several other equities research analysts also recently issued reports on OGS. 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 research note on Friday, December 6th. Morgan Stanley upped their price target on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Bank of America began coverage on ONE Gas in a report on Friday, December 13th. They issued a “buy” rating and a $77.00 price target for the company. LADENBURG THALM/SH SH cut ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a research note on Friday, December 6th. Finally, Jefferies Financial Group started coverage on ONE Gas in a research note on Monday, December 9th. They issued a “hold” rating and a $79.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $72.69.

ONE Gas Trading Up 0.1 %

Shares of OGS opened at $72.68 on Friday. ONE Gas has a twelve month low of $57.74 and a twelve month high of $78.89. The firm has a market capitalization of $4.12 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 5.51 and a beta of 0.71. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The stock’s fifty day simple moving average is $72.18 and its 200 day simple moving average is $70.93.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm had revenue of $340.40 million during the quarter, compared to analysts’ expectations of $287.48 million. During the same quarter last year, the business earned $0.45 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts forecast that ONE Gas will post 3.88 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Tuesday, November 19th. ONE Gas’s dividend payout ratio (DPR) is 68.75%.

Hedge Funds Weigh In On ONE Gas

Institutional investors and hedge funds have recently made changes to their positions in the business. Transcendent Capital Group LLC raised its holdings in ONE Gas by 266.0% in the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 266 shares in the last quarter. UMB Bank n.a. increased its position in shares of ONE Gas by 3,620.0% in the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 362 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of ONE Gas by 150.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 349 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of ONE Gas during the third quarter worth about $45,000. Finally, GAMMA Investing LLC grew its stake in ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 261 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

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.