ONE Gas (NYSE:OGS) PT Raised to $82.00

ONE Gas (NYSE:OGS - Get Free Report) had its price target increased by equities researchers at Wells Fargo & Company from $80.00 to $82.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. Wells Fargo & Company's price objective suggests a potential upside of 10.44% from the company's previous close.

Several other brokerages also recently weighed in on OGS. Morgan Stanley increased their price target on ONE Gas from $63.00 to $69.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. StockNews.com downgraded ONE Gas from a "hold" rating to a "sell" rating in a research report on Saturday, July 20th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $66.92.

ONE Gas Price Performance

NYSE OGS traded up $1.40 on Wednesday, reaching $74.25. The company had a trading volume of 466,975 shares, compared to its average volume of 410,620. The stock has a market capitalization of $4.20 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 3.72 and a beta of 0.66. ONE Gas has a 12 month low of $55.50 and a 12 month high of $74.99. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. The firm's 50 day moving average price is $70.51 and its 200 day moving average price is $66.21.

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

Institutional Investors Weigh In On ONE Gas

Large investors have recently modified their holdings of the company. QV Investors Inc. boosted its holdings in shares of ONE Gas by 2.8% in the third quarter. QV Investors Inc. now owns 14,030 shares of the utilities provider's stock valued at $1,044,000 after acquiring an additional 380 shares in the last quarter. Creative Planning lifted its position in shares of ONE Gas by 3.5% in the third quarter. Creative Planning now owns 30,203 shares of the utilities provider's stock valued at $2,248,000 after acquiring an additional 1,021 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of ONE Gas by 2.7% in the third quarter. Exchange Traded Concepts LLC now owns 118,493 shares of the utilities provider's stock valued at $8,818,000 after buying an additional 3,091 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of ONE Gas by 84.3% during the third quarter. Inspire Investing LLC now owns 10,100 shares of the utilities provider's stock worth $752,000 after purchasing an additional 4,620 shares during the last quarter. Finally, CWM LLC boosted its position in shares of ONE Gas by 17.3% in the third quarter. CWM LLC now owns 1,680 shares of the utilities provider's stock worth $125,000 after acquiring an additional 248 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

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.