ONE Gas, Inc. (NYSE:OGS) Given Consensus Rating of “Reduce” by Analysts

Shares of ONE Gas, Inc. (NYSE:OGS) have received a consensus rating of “Reduce” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $64.56.

Several research firms have weighed in on OGS. UBS Group began coverage on ONE Gas in a report on Friday, April 12th. They set a “sell” rating and a $61.00 target price on the stock. Mizuho lifted their price target on shares of ONE Gas from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Morgan Stanley upped their price target on ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price on the stock in a research report on Tuesday, March 5th. Finally, Wells Fargo & Company increased their price objective on ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in shares of ONE Gas by 66.3% during the 1st quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock worth $27,000 after buying an additional 169 shares in the last quarter. BKM Wealth Management LLC bought a new stake in ONE Gas in the fourth quarter valued at approximately $28,000. Quadrant Capital Group LLC increased its position in shares of ONE Gas by 290.4% during the fourth quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock worth $29,000 after buying an additional 334 shares during the period. Jones Financial Companies Lllp grew its holdings in ONE Gas by 112.3% during the 4th quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 337 shares during the period. Finally, Hexagon Capital Partners LLC increased its holdings in ONE Gas by 147.8% in the first quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 479 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

OGS opened at $65.45 on Tuesday. The company has a fifty day moving average price of $62.80 and a two-hundred day moving average price of $62.06. The firm has a market capitalization of $3.70 billion, a PE ratio of 15.81, a P/E/G ratio of 3.42 and a beta of 0.65. ONE Gas has a 52 week low of $55.50 and a 52 week high of $83.89. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.39 and a current ratio of 0.52.

ONE Gas (NYSE:OGS) last posted its earnings results on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.27. The company had revenue of $605.90 million during the quarter, compared to analyst estimates of $751.77 million. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The company’s revenue for the quarter was down 26.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 EPS. As a group, analysts anticipate that ONE Gas will post 3.86 earnings per share for the current year.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.