ONE Gas Inc (OGS) Receives Consensus Recommendation of “Hold” from Analysts

ONE Gas Inc (NYSE:OGS) has received an average recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $75.67.

Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of ONE Gas from a “hold” rating to a “buy” rating in a research note on Monday, October 8th. Wells Fargo & Co raised their target price on shares of ONE Gas from $78.00 to $84.00 and gave the company a “market perform” rating in a research note on Monday, September 17th. Morgan Stanley set a $76.00 target price on shares of ONE Gas and gave the company a “sell” rating in a research note on Thursday, October 11th. Zacks Investment Research downgraded shares of ONE Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Finally, Jefferies Financial Group restated a “$75.39” rating and issued a $67.00 target price on shares of ONE Gas in a research note on Wednesday, July 18th.

Shares of OGS opened at $82.11 on Wednesday. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 4.44 and a beta of 0.17. ONE Gas has a twelve month low of $62.20 and a twelve month high of $85.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.47 and a quick ratio of 0.36.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, July 30th. The utilities provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The company had revenue of $292.52 million during the quarter, compared to the consensus estimate of $275.30 million. ONE Gas had a net margin of 10.80% and a return on equity of 8.85%. During the same period last year, the firm earned $0.39 earnings per share. On average, equities analysts predict that ONE Gas will post 3.25 earnings per share for the current fiscal year.

In related news, Director Arcilia Acosta acquired 1,265 shares of the stock in a transaction dated Thursday, August 30th. The stock was acquired at an average cost of $78.94 per share, for a total transaction of $99,859.10. Following the completion of the purchase, the director now owns 2,277 shares of the company’s stock, valued at approximately $179,746.38. The purchase was disclosed in a document filed with the SEC, which is available through this link. 1.62% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. OMERS ADMINISTRATION Corp acquired a new stake in shares of ONE Gas during the second quarter worth $972,000. Janney Montgomery Scott LLC acquired a new stake in shares of ONE Gas during the second quarter worth $245,000. Zacks Investment Management lifted its stake in shares of ONE Gas by 3.3% during the second quarter. Zacks Investment Management now owns 29,905 shares of the utilities provider’s stock worth $2,235,000 after buying an additional 955 shares during the period. Carillon Tower Advisers Inc. lifted its stake in shares of ONE Gas by 65.9% during the second quarter. Carillon Tower Advisers Inc. now owns 266,506 shares of the utilities provider’s stock worth $19,919,000 after buying an additional 105,825 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in ONE Gas during the second quarter valued at $3,191,000. Institutional investors and hedge funds own 74.24% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.

Read More: Return on Investment (ROI)

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.

Leave a Reply