Brokerages Set ONE Gas, Inc. (NYSE:OGS) Target Price at $68.10

ONE Gas, Inc. (NYSE:OGS - Get Free Report) has been assigned an average rating of "Hold" from the five research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $68.10.

Several research analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of 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 lowered ONE Gas from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Wells Fargo & Company cut their target price 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.

ONE Gas Trading Up 1.6 %

Shares of ONE Gas stock traded up $1.21 on Friday, hitting $75.40. The stock had a trading volume of 343,659 shares, compared to its average volume of 409,534. The stock has a 50 day moving average of $72.99 and a 200 day moving average of $67.75. The firm has a market capitalization of $4.27 billion, a P/E ratio of 19.64, a PEG ratio of 3.87 and a beta of 0.67. ONE Gas has a twelve month low of $55.50 and a twelve month high of $76.34. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50.

ONE Gas (NYSE:OGS - Get Free Report) last announced 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). The company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 earnings per share. Sell-side analysts expect that ONE Gas will post 3.88 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 annualized dividend and a yield of 3.50%. ONE Gas's payout ratio is currently 68.75%.

Hedge Funds Weigh In On ONE Gas

A number of institutional investors have recently modified their holdings of OGS. Crossmark Global Holdings Inc. increased its stake in ONE Gas by 4.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider's stock valued at $278,000 after purchasing an additional 159 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of ONE Gas by 21.7% during the second quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider's stock worth $62,000 after acquiring an additional 174 shares in the last quarter. Tidal Investments LLC lifted its position in ONE Gas by 6.1% in 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. Nomura Asset Management Co. Ltd. boosted its stake in 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 purchasing an additional 210 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in ONE Gas by 0.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider's stock worth $1,597,000 after purchasing an additional 230 shares in the last quarter. 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.