ONE Gas, Inc. (NYSE:OGS) was downgraded by equities research analysts at UBS AG from a “neutral” rating to a “sell” rating in a research note issued on Monday. They currently have a $72.00 target price on the utilities provider’s stock, up from their previous target price of $71.00. UBS AG’s price target would suggest a potential downside of 2.31% from the company’s current price.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Jefferies Group LLC restated a “sell” rating and issued a $62.00 price target on shares of ONE Gas in a research note on Sunday, September 10th. BidaskClub upgraded ONE Gas from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Finally, Morgan Stanley raised their price target on ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. ONE Gas has an average rating of “Hold” and an average target price of $67.50.

ONE Gas (NYSE:OGS) opened at 73.70 on Monday. The stock’s 50 day moving average is $74.67 and its 200 day moving average is $71.29. The company has a market cap of $3.85 billion, a P/E ratio of 25.68 and a beta of 0.10. ONE Gas has a 12-month low of $55.98 and a 12-month high of $76.06.

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

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Hedge funds have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of ONE Gas by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,654 shares of the utilities provider’s stock worth $534,000 after acquiring an additional 23 shares during the period. World Asset Management Inc grew its stake 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 valued at $217,000 after acquiring an additional 25 shares in the last quarter. US Bancorp DE grew its stake 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 valued at $530,000 after acquiring an additional 28 shares in the last quarter. Capstone Asset Management Co. grew its stake 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 valued at $290,000 after acquiring an additional 40 shares in the last quarter. Finally, Suntrust Banks Inc. grew its stake in shares of ONE Gas by 1.3% in the second quarter. Suntrust Banks Inc. now owns 6,241 shares of the utilities provider’s stock valued at $435,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 73.10% 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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