ONE Gas, Inc. (NYSE:OGS) Receives $66.21 Consensus PT from Analysts

ONE Gas, Inc. (NYSE:OGS - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $66.21.

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of ONE Gas from a "hold" rating to a "sell" rating in a report on Saturday, July 20th. Morgan Stanley raised 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. Wells Fargo & Company raised ONE Gas from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $71.00 to $80.00 in a research report on Wednesday, September 11th. Finally, Mizuho boosted their target price on ONE Gas from $64.00 to $65.00 and gave the company a "neutral" rating in a report on Wednesday, June 5th.

ONE Gas Trading Up 0.7 %

Shares of OGS traded up $0.50 during trading on Friday, reaching $74.20. 334,997 shares of the company traded hands, compared to its average volume of 420,506. The stock has a 50-day simple moving average of $69.54 and a 200-day simple moving average of $65.26. The stock has a market cap of $4.20 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66. ONE Gas has a twelve month low of $55.50 and a twelve 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.

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 (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $354.14 million for the quarter, compared to analyst estimates of $362.06 million. ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. ONE Gas's revenue was down 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 EPS. On average, analysts anticipate that ONE Gas will post 3.84 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $2.64 annualized dividend and a yield of 3.56%. ONE Gas's payout ratio is currently 65.19%.

Institutional Investors Weigh In On ONE Gas

A number of institutional investors have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its stake in shares of ONE Gas by 21.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider's stock valued at $62,000 after purchasing an additional 174 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of ONE Gas by 6.1% during the 1st quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider's stock valued at $228,000 after acquiring an additional 206 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in ONE Gas by 0.9% in the second quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider's stock valued at $1,597,000 after purchasing an additional 230 shares during the period. GW Henssler & Associates Ltd. lifted its stake in shares of ONE Gas by 7.4% during the first quarter. GW Henssler & Associates Ltd. now owns 3,442 shares of the utilities provider's stock worth $222,000 after purchasing an additional 237 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of ONE Gas by 1.8% in the second quarter. Linden Thomas Advisory Services LLC now owns 15,213 shares of the utilities provider's stock valued at $971,000 after buying an additional 270 shares in the last quarter. Hedge funds and other 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.