ONE Gas, Inc. (NYSE:OGS) Given Average Recommendation of "Hold" by Brokerages

ONE Gas, Inc. (NYSE:OGS - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six analysts that are covering the stock, Marketbeat.com reports. 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 company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $66.92.

OGS has been the subject of a number of recent research reports. StockNews.com cut ONE Gas from a "hold" rating to a "sell" rating in a report on Saturday, July 20th. Morgan Stanley upped their price objective on ONE Gas from $63.00 to $69.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company lifted their target price on shares of ONE Gas from $80.00 to $82.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th.

ONE Gas Price Performance

NYSE OGS traded down $0.17 during trading on Tuesday, hitting $73.70. 212,826 shares of the company's stock were exchanged, compared to its average volume of 406,946. The company has a market cap of $4.17 billion, a PE ratio of 18.24, a P/E/G ratio of 3.77 and a beta of 0.66. The company has a current ratio of 0.41, a quick ratio of 0.32 and a debt-to-equity ratio of 0.76. ONE Gas has a fifty-two week low of $55.50 and a fifty-two week high of $74.99. The stock's 50 day moving average price is $71.07 and its two-hundred day moving average price is $66.51.

ONE Gas (NYSE:OGS - Get Free Report) last issued 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 company 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 business's quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 EPS. Research analysts expect that ONE Gas will post 3.84 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in OGS. Diversified Trust Co increased its holdings in ONE Gas by 7.3% in the first quarter. Diversified Trust Co now owns 10,208 shares of the utilities provider's stock worth $659,000 after purchasing an additional 692 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of ONE Gas by 147.8% during the 1st quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider's stock valued at $52,000 after acquiring an additional 479 shares during the period. State of Michigan Retirement System boosted its stake in ONE Gas by 2.3% during the first quarter. State of Michigan Retirement System now owns 13,604 shares of the utilities provider's stock worth $878,000 after acquiring an additional 300 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in shares of ONE Gas by 4,411.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,534 shares of the utilities provider's stock worth $99,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its stake in shares of ONE Gas by 1.4% in the 1st quarter. Maryland State Retirement & Pension System now owns 47,379 shares of the utilities provider's stock valued at $2,904,000 after buying an additional 655 shares during the period. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Company Profile

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.