Investment analysts at Bank of America started coverage on shares of ONE Gas (NYSE:OGS - Get Free Report) in a research report issued on Friday. The brokerage set a "buy" rating and a $77.00 price target on the utilities provider's stock. Bank of America's target price suggests a potential upside of 9.41% from the company's previous close.
Other analysts have also recently issued research reports about the company. Stifel Nicolaus increased their target price on ONE Gas from $73.00 to $74.00 and gave the company a "hold" rating in a research report on Friday, December 6th. Wells Fargo & Company dropped their price objective on ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. LADENBURG THALM/SH SH downgraded shares of ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 target price for the company. in a report on Friday, December 6th. Morgan Stanley raised their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an "equal weight" rating in a report on Wednesday, September 25th. Finally, Jefferies Financial Group assumed coverage on ONE Gas in a research report on Monday. They set a "hold" rating and a $79.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, ONE Gas presently has a consensus rating of "Hold" and a consensus target price of $72.69.
Check Out Our Latest Report on OGS
ONE Gas Trading Up 0.2 %
NYSE:OGS traded up $0.17 during midday trading on Friday, hitting $70.38. The stock had a trading volume of 562,695 shares, compared to its average volume of 407,834. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 18.28 and a beta of 0.70. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. ONE Gas has a one year low of $57.74 and a one year high of $78.89. The stock has a 50-day moving average of $73.92 and a 200 day moving average of $69.26.
ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The business had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. The firm's revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts forecast that ONE Gas will post 3.88 EPS for the current year.
Hedge Funds Weigh In On ONE Gas
Several institutional investors have recently made changes to their positions in OGS. Crossmark Global Holdings Inc. increased its holdings in ONE Gas by 4.4% in the third quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider's stock valued at $278,000 after buying an additional 159 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of ONE Gas by 42.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider's stock valued at $53,000 after acquiring an additional 210 shares during the period. CWM LLC increased its stake in shares of ONE Gas by 17.3% in the 3rd quarter. CWM LLC now owns 1,680 shares of the utilities provider's stock valued at $125,000 after purchasing an additional 248 shares in the last quarter. GAMMA Investing LLC raised its holdings in ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider's stock worth $45,000 after purchasing an additional 261 shares during the period. Finally, Transcendent Capital Group LLC grew its holdings in ONE Gas by 266.0% in the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 266 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.
ONE Gas Company Profile
(
Get Free Report)
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.
See Also
Before you consider ONE Gas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ONE Gas wasn't on the list.
While ONE Gas currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
