ONE Gas Inc. (NYSE:OGS) Receives Average Rating of “Hold” from Analysts
Shares of ONE Gas Inc. (NYSE:OGS) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the company. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $59.00.
A number of equities analysts have weighed in on OGS shares. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Friday, September 2nd. BB&T Corp. started coverage on shares of ONE Gas in a research report on Wednesday, June 22nd. They set a “hold” rating for the company. Wells Fargo & Co. started coverage on shares of ONE Gas in a research report on Tuesday, August 30th. They set a “market perform” rating for the company. Finally, Jefferies Group cut shares of ONE Gas from a “hold” rating to an “underperform” rating and set a $53.00 price objective for the company. in a research report on Monday, July 25th.
In other news, Director Eduardo A. Rodriguez sold 1,325 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $60.96, for a total transaction of $80,772.00. Following the completion of the sale, the director now owns 8,060 shares of the company’s stock, valued at $491,337.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.25% of the company’s stock.
Several large investors have recently made changes to their positions in OGS. Vanguard Group Inc. raised its stake in shares of ONE Gas by 5.6% in the second quarter. Vanguard Group Inc. now owns 4,646,287 shares of the company’s stock worth $309,396,000 after buying an additional 246,193 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of ONE Gas by 1.9% in the second quarter. BlackRock Fund Advisors now owns 2,632,911 shares of the company’s stock worth $175,326,000 after buying an additional 49,468 shares in the last quarter. State Street Corp raised its stake in shares of ONE Gas by 0.6% in the second quarter. State Street Corp now owns 1,728,093 shares of the company’s stock worth $115,073,000 after buying an additional 10,689 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of ONE Gas by 3.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,551,869 shares of the company’s stock worth $103,339,000 after buying an additional 45,863 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of ONE Gas by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 963,462 shares of the company’s stock worth $64,153,000 after buying an additional 17,139 shares in the last quarter. 71.71% of the stock is owned by hedge funds and other institutional investors.
Shares of ONE Gas (NYSE:OGS) traded down 1.05% during trading on Monday, hitting $61.19. 48,306 shares of the company’s stock were exchanged. ONE Gas has a 12-month low of $45.57 and a 12-month high of $67.35. The company has a 50-day moving average of $62.12 and a 200-day moving average of $61.68. The company has a market cap of $3.20 billion, a P/E ratio of 24.59 and a beta of 0.12.
ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.07. The company earned $245.92 million during the quarter, compared to analysts’ expectations of $289.73 million. ONE Gas had a net margin of 9.61% and a return on equity of 7.12%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. On average, equities analysts expect that ONE Gas will post $2.60 earnings per share for the current fiscal year.
About ONE Gas
ONE Gas, Inc is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma, Kansas and Texas. The Company operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers.
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