ONE Gas, Inc. (NYSE:OGS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, July 12th.

According to Zacks, “ONE Gas, Inc. is a natural gas local distribution company. The company operates primarily in Oklahoma, Kansas and Texas through Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. ONE Gas, Inc. is based in Tulsa, United States. “

Other research analysts also recently issued reports about the stock. BidaskClub downgraded shares of ONE Gas from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC reissued a “sell” rating and set a $59.00 price objective on shares of ONE Gas in a research report on Friday, March 31st. Finally, Morgan Stanley raised their price objective on shares of ONE Gas from $68.00 to $70.00 and gave the stock an “underweight” rating in a research report on Monday, May 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $65.33.

Shares of ONE Gas (OGS) opened at 73.99 on Wednesday. ONE Gas has a one year low of $55.98 and a one year high of $74.12. The stock’s 50 day moving average is $70.96 and its 200-day moving average is $68.11. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 25.78 and a beta of 0.12.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, July 31st. The utilities provider reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.03. The company had revenue of $279.69 million during the quarter, compared to analysts’ expectations of $257.87 million. ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the business earned $0.38 earnings per share. On average, equities research analysts predict that ONE Gas will post $2.98 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the company. World Asset Management Inc boosted its position in shares of ONE Gas by 0.8% in the first quarter. World Asset Management Inc now owns 3,206 shares of the utilities provider’s stock worth $217,000 after buying an additional 25 shares during the last quarter. US Bancorp DE boosted its position in shares of ONE Gas by 0.4% in the second quarter. US Bancorp DE now owns 7,589 shares of the utilities provider’s stock worth $530,000 after buying an additional 28 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of ONE Gas by 1.0% in the second quarter. Capstone Asset Management Co. now owns 4,152 shares of the utilities provider’s stock worth $290,000 after buying an additional 40 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of ONE Gas by 0.8% in the first quarter. Public Employees Retirement System of Ohio now owns 12,850 shares of the utilities provider’s stock worth $869,000 after buying an additional 104 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in shares of ONE Gas by 1.7% in the first quarter. Suntrust Banks Inc. now owns 6,160 shares of the utilities provider’s stock worth $415,000 after buying an additional 105 shares during the last quarter. Institutional investors own 72.58% of the company’s stock.

ONE Gas Company Profile

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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Analyst Recommendations for ONE Gas (NYSE:OGS)

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