ONE Gas, Inc. (NYSE:OGS) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other research firms have also weighed in on OGS. Morgan Stanley lifted their price objective on shares of ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research note on Thursday, August 10th. Zacks Investment Research raised shares of ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $65.67.

Shares of ONE Gas (OGS) opened at 75.23 on Friday. The company has a 50-day moving average of $72.71 and a 200-day moving average of $69.37. ONE Gas has a 12 month low of $55.98 and a 12 month high of $75.54. The firm has a market cap of $3.93 billion, a P/E ratio of 26.21 and a beta of 0.12.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.03. ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The firm had revenue of $279.69 million for the quarter, compared to the consensus estimate of $257.87 million. During the same period in the previous year, the business earned $0.38 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. Equities analysts forecast that ONE Gas will post $2.98 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in OGS. CT Mason raised its position in shares of ONE Gas by 50.2% in the first quarter. CT Mason now owns 20,213 shares of the utilities provider’s stock worth $1,366,000 after buying an additional 6,757 shares during the last quarter. Albert D Mason Inc. raised its position in shares of ONE Gas by 1.6% in the first quarter. Albert D Mason Inc. now owns 11,392 shares of the utilities provider’s stock worth $770,000 after buying an additional 180 shares during the last quarter. 361 Capital LLC raised its position in shares of ONE Gas by 24.5% in the first quarter. 361 Capital LLC now owns 15,279 shares of the utilities provider’s stock worth $1,033,000 after buying an additional 3,005 shares during the last quarter. Trillium Asset Management LLC raised its position in shares of ONE Gas by 2.3% in the first quarter. Trillium Asset Management LLC now owns 12,978 shares of the utilities provider’s stock worth $877,000 after buying an additional 286 shares during the last quarter. Finally, State Treasurer State of Michigan raised its position in shares of ONE Gas by 0.9% in the first quarter. State Treasurer State of Michigan now owns 21,257 shares of the utilities provider’s stock worth $1,437,000 after buying an additional 200 shares during the last quarter. 73.16% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for ONE Gas (NYSE:OGS)

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