ONE Gas (NYSE:OGS) Downgraded to “Sell” Rating by StockNews.com

ONE Gas (NYSE:OGS) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley raised their target price on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company reduced their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $68.10.

ONE Gas Trading Up 0.4 %

Shares of ONE Gas stock opened at $75.30 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. ONE Gas has a 12-month low of $55.50 and a 12-month high of $76.34. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 3.78 and a beta of 0.67. The firm’s 50-day moving average price is $72.54 and its two-hundred day moving average price is $67.50.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. On average, analysts forecast that ONE Gas will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ONE Gas

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC grew its holdings in shares of ONE Gas by 266.0% during the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 266 shares during the last quarter. Rothschild Investment LLC acquired a new stake in ONE Gas during the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its holdings in ONE Gas by 150.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 349 shares during the last quarter. GAMMA Investing LLC increased its position in ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 261 shares during the period. Finally, Coastline Trust Co bought a new position in shares of ONE Gas during the third quarter valued at $60,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

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.