ONE Gas (NYSE:OGS) Sets New 12-Month High - Still a Buy?

ONE Gas, Inc. (NYSE:OGS - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $75.70 and last traded at $75.70, with a volume of 102 shares. The stock had previously closed at $74.76.

Analyst Ratings Changes

A number of analysts have recently weighed in on OGS shares. Wells Fargo & Company raised their target price on ONE Gas from $80.00 to $82.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Morgan Stanley boosted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. Finally, StockNews.com cut shares of ONE Gas from a "hold" rating to a "sell" rating in a research note on Saturday, July 20th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $66.92.

ONE Gas Trading Down 1.2 %

The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 3.77 and a beta of 0.66. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41. The business's 50-day simple moving average is $70.93 and its 200-day simple moving average is $66.44.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $354.14 million during the quarter, compared to analyst estimates of $362.06 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The company's quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 earnings per share. On average, research analysts expect that ONE Gas, Inc. will post 3.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ONE Gas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Energy Income Partners LLC raised its position in shares of ONE Gas by 52.9% in the 1st quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider's stock valued at $68,317,000 after acquiring an additional 366,363 shares during the period. American Century Companies Inc. grew its holdings in shares of ONE Gas by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider's stock valued at $293,590,000 after buying an additional 272,923 shares during the period. Zimmer Partners LP bought a new stake in shares of ONE Gas in the 1st quarter valued at $16,939,000. Earnest Partners LLC acquired a new stake in ONE Gas during the 2nd quarter worth $12,594,000. Finally, Jane Street Group LLC lifted its holdings in ONE Gas by 283.6% during the first quarter. Jane Street Group LLC now owns 193,232 shares of the utilities provider's stock worth $12,469,000 after acquiring an additional 142,865 shares in the last quarter. Institutional investors 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.