ONE Gas’ (OGS) Sell Rating Reaffirmed at Jefferies Group LLC
Jefferies Group LLC reissued their sell rating on shares of ONE Gas, Inc. (NYSE:OGS) in a research note published on Sunday. Jefferies Group LLC currently has a $62.00 price target on the utilities provider’s stock.
OGS has been the topic of a number of other reports. BidaskClub upgraded shares of ONE Gas from a buy rating to a strong-buy rating in a research note on Saturday, August 26th. Morgan Stanley upped their target price 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. Finally, Zacks Investment Research upgraded shares of ONE Gas from a hold rating to a buy rating and set a $77.00 target price on the stock in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $66.17.
ONE Gas (NYSE OGS) opened at 74.81 on Friday. ONE Gas has a one year low of $55.98 and a one year high of $76.06. The company has a market cap of $3.91 billion, a PE ratio of 26.07 and a beta of 0.11. The stock has a 50 day moving average price of $74.16 and a 200 day moving average price of $70.09.
ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.03. The business had revenue of $279.69 million for the quarter, compared to analysts’ expectations of $257.87 million. ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. On average, equities analysts anticipate that ONE Gas will post $2.98 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.25%. ONE Gas’s payout ratio is 58.54%.
Hedge funds have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. purchased a new stake in shares of ONE Gas during the first quarter worth approximately $202,000. Karp Capital Management Corp purchased a new stake in shares of ONE Gas during the first quarter worth approximately $5,346,000. Suntrust Banks Inc. increased its stake in shares of ONE Gas by 1.7% during 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 period. UBS Asset Management Americas Inc. increased its stake in shares of ONE Gas by 19.1% during the first quarter. UBS Asset Management Americas Inc. now owns 33,367 shares of the utilities provider’s stock worth $2,256,000 after buying an additional 5,340 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of ONE Gas by 2.1% during the first quarter. Vanguard Group Inc. now owns 5,072,922 shares of the utilities provider’s stock worth $342,929,000 after buying an additional 103,662 shares during the period. Hedge funds and other institutional investors own 73.16% 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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