ONE Gas, Inc. (NYSE:OGS) Receives Average Recommendation of “Reduce” from Analysts

ONE Gas, Inc. (NYSE:OGS) has received an average recommendation of “Reduce” from the seven analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $64.56.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in shares of ONE Gas by 22.5% during the 1st quarter. Principal Financial Group Inc. now owns 253,681 shares of the utilities provider’s stock valued at $16,370,000 after purchasing an additional 46,598 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of ONE Gas by 2.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 19,875 shares of the utilities provider’s stock valued at $1,283,000 after acquiring an additional 417 shares during the last quarter. Albert D Mason Inc. boosted its stake in shares of ONE Gas by 1.9% during the 1st quarter. Albert D Mason Inc. now owns 22,434 shares of the utilities provider’s stock worth $1,448,000 after acquiring an additional 429 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of ONE Gas by 2.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the utilities provider’s stock worth $1,032,000 after acquiring an additional 400 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of ONE Gas by 66.3% during the first quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of NYSE OGS opened at $64.64 on Tuesday. 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 has a one year low of $55.50 and a one year high of $83.89. The firm has a market capitalization of $3.66 billion, a P/E ratio of 15.61, a PEG ratio of 3.32 and a beta of 0.65. The company’s fifty day moving average is $62.41 and its two-hundred day moving average is $62.13.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, hitting the consensus estimate of $1.27. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The business had revenue of $605.90 million for the quarter, compared to analyst estimates of $751.77 million. During the same quarter in the previous year, the company earned $1.23 EPS. The company’s quarterly revenue was down 26.0% on a year-over-year basis. Analysts forecast that ONE Gas will post 3.86 EPS for the current fiscal year.

About ONE Gas

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.