Favorable News Coverage Somewhat Unlikely to Impact ONE Gas (OGS) Share Price
News stories about ONE Gas (NYSE:OGS) have trended positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ONE Gas earned a news impact score of 0.26 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 47.9759896678303 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Wells Fargo & Co Analysts Give ONE Gas (OGS) a $69.00 Price Target (americanbankingnews.com)
- ONE Gas (OGS) Given New $65.00 Price Target at Morgan Stanley (americanbankingnews.com)
- ONE Gas Inc (OGS) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- ONE Gas Inc (OGS) Expected to Announce Earnings of $0.84 Per Share (americanbankingnews.com)
- $445.30 Million in Sales Expected for ONE Gas Inc (OGS) This Quarter (americanbankingnews.com)
OGS has been the subject of several recent research reports. Zacks Investment Research downgraded ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Jefferies Group restated a “sell” rating and set a $63.00 price objective on shares of ONE Gas in a report on Wednesday, December 20th. Morgan Stanley boosted their price objective on ONE Gas from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. Finally, Wells Fargo & Co set a $69.00 price objective on ONE Gas and gave the company a “hold” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $70.80.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.46 per share. This is an increase from ONE Gas’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, February 22nd. This represents a $1.84 annualized dividend and a dividend yield of 2.73%. ONE Gas’s payout ratio is currently 56.38%.
ILLEGAL ACTIVITY NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.thecerbatgem.com/2018/02/14/favorable-news-coverage-somewhat-unlikely-to-impact-one-gas-ogs-share-price.html.
About ONE Gas
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.
Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.