ONE Gas, Inc. (NYSE:OGS) Receives Consensus Rating of “Hold” from Brokerages

ONE Gas, Inc. (NYSE:OGS) has been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have covered the stock in the last year is $78.17.

Several equities analysts have recently commented on OGS shares. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. Morgan Stanley lowered their price objective on ONE Gas from $73.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 23rd. Guggenheim reduced their target price on shares of ONE Gas from $77.00 to $73.00 in a research report on Friday, July 7th. Finally, Stifel Nicolaus upped their price target on shares of ONE Gas from $81.00 to $82.00 and gave the company a “hold” rating in a research note on Tuesday, August 15th.

Hedge Funds Weigh In On ONE Gas

Several hedge funds have recently bought and sold shares of OGS. Martingale Asset Management L P boosted its position in shares of ONE Gas by 13.4% during the 1st quarter. Martingale Asset Management L P now owns 52,906 shares of the utilities provider’s stock worth $4,192,000 after acquiring an additional 6,266 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of ONE Gas by 8.5% during the 4th quarter. JPMorgan Chase & Co. now owns 376,758 shares of the utilities provider’s stock worth $28,528,000 after buying an additional 29,453 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of ONE Gas by 2.3% during the 1st quarter. Guggenheim Capital LLC now owns 26,251 shares of the utilities provider’s stock worth $2,080,000 after buying an additional 598 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of ONE Gas by 14.1% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 109,454 shares of the utilities provider’s stock worth $8,288,000 after buying an additional 13,509 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in ONE Gas by 3.8% in the first quarter. Assetmark Inc. now owns 17,517 shares of the utilities provider’s stock valued at $1,388,000 after buying an additional 649 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

ONE Gas Stock Performance

OGS opened at $75.65 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 0.71. ONE Gas has a 12-month low of $68.86 and a 12-month high of $89.01. The business has a 50 day moving average of $76.18 and a 200-day moving average of $78.13. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 3.62 and a beta of 0.65.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.01). ONE Gas had a net margin of 8.67% and a return on equity of 8.75%. The business had revenue of $398.11 million for the quarter, compared to analyst estimates of $397.88 million. During the same period in the prior year, the business earned $0.59 EPS. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities research analysts expect that ONE Gas will post 4.13 earnings per share for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 16th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Tuesday, August 15th. ONE Gas’s dividend payout ratio (DPR) is presently 63.57%.

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.