ONE Gas (NYSE:OGS) received a $69.00 target price from equities researchers at Wells Fargo & Co in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the utilities provider’s stock. Wells Fargo & Co’s target price suggests a potential upside of 2.48% from the stock’s current price.

A number of other research firms have also recently weighed in on OGS. Zacks Investment Research raised shares of ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Wednesday, November 8th. Morgan Stanley increased their price objective on shares of ONE Gas from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Wednesday, December 13th. Finally, Jefferies Group reaffirmed a “sell” rating and issued a $63.00 price objective on shares of ONE Gas in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. ONE Gas presently has an average rating of “Hold” and a consensus target price of $70.80.

ONE Gas (OGS) traded up $0.80 during mid-day trading on Tuesday, hitting $67.33. 191,031 shares of the company were exchanged, compared to its average volume of 247,753. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 1.14. ONE Gas has a 1-year low of $63.16 and a 1-year high of $79.51. The firm has a market cap of $3,522.73, a PE ratio of 22.45, a PEG ratio of 3.73 and a beta of 0.03.

Hedge funds have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of ONE Gas in the 4th quarter worth about $156,000. Cornerstone Capital Management Holdings LLC. acquired a new position in ONE Gas during the 4th quarter valued at about $205,000. Signition LP acquired a new position in ONE Gas during the 4th quarter valued at about $211,000. Zeke Capital Advisors LLC acquired a new position in ONE Gas during the 4th quarter valued at about $238,000. Finally, Virtu Financial LLC acquired a new position in ONE Gas during the 4th quarter valued at about $240,000. 72.85% of the stock is currently owned by institutional investors and hedge funds.

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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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