ONE Gas, Inc. (NYSE:OGS) Receives $72.31 Average Price Target from Brokerages

Shares of ONE Gas, Inc. (NYSE:OGS - Get Free Report) have received a consensus rating of "Hold" from the eight analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $72.31.

A number of equities analysts have recently weighed in on the company. LADENBURG THALM/SH SH cut ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 price target for the company. in a report on Friday, December 6th. Wells Fargo & Company lowered their price target on shares of ONE Gas from $82.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday, November 6th. StockNews.com downgraded shares of ONE Gas from a "hold" rating to a "sell" rating in a research note on Saturday, January 18th. Bank of America initiated coverage on shares of ONE Gas in a research note on Friday, December 13th. They issued a "buy" rating and a $77.00 target price for the company. Finally, Jefferies Financial Group reduced their price target on ONE Gas from $79.00 to $76.00 and set a "hold" rating on the stock in a research note on Tuesday.

Institutional Investors Weigh In On ONE Gas

Several large investors have recently made changes to their positions in OGS. Transcendent Capital Group LLC boosted its holdings in ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock worth $27,000 after acquiring an additional 266 shares during the period. UMB Bank n.a. increased its stake in ONE Gas by 3,620.0% during the 4th quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after buying an additional 362 shares during the period. Crews Bank & Trust acquired a new position in ONE Gas in the 4th quarter worth $35,000. Wilmington Savings Fund Society FSB purchased a new position in ONE Gas in the 3rd quarter valued at about $45,000. Finally, GAMMA Investing LLC grew its stake in shares of ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 261 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Price Performance

OGS stock traded up $1.39 on Thursday, reaching $70.46. 277,832 shares of the company's stock were exchanged, compared to its average volume of 418,570. ONE Gas has a twelve month low of $57.74 and a twelve month high of $78.89. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average of $71.40 and a 200-day moving average of $71.20. The firm has a market cap of $3.99 billion, a PE ratio of 18.35, a P/E/G ratio of 5.70 and a beta of 0.71.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). The company had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. ONE Gas's revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 earnings per share. As a group, equities analysts predict that ONE Gas will post 3.89 EPS for the current fiscal year.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.67 dividend. This is a positive change from ONE Gas's previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, February 21st. ONE Gas's payout ratio is currently 68.75%.

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.