ONE Gas, Inc. (NYSE:OGS) Receives $75.21 Average PT from Brokerages

ONE Gas, Inc. (NYSE:OGS - Get Free Report) has earned a consensus rating of "Hold" from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $75.21.

A number of brokerages have commented on OGS. Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $76.00 to $84.00 in a research note on Monday, April 7th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a report on Monday, March 17th. Morgan Stanley lifted their price objective on shares of ONE Gas from $68.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th.

Institutional Trading of ONE Gas

Institutional investors and hedge funds have recently modified their holdings of the stock. UMB Bank n.a. grew its stake in ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after purchasing an additional 362 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in ONE Gas during the 4th quarter valued at $26,000. Crews Bank & Trust purchased a new position in shares of ONE Gas in the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB bought a new position in shares of ONE Gas in the 3rd quarter worth $45,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of ONE Gas during the 4th quarter worth $50,000. Institutional investors own 88.71% of the company's stock.

ONE Gas Price Performance

Shares of NYSE:OGS traded up $0.53 during mid-day trading on Tuesday, reaching $77.45. The stock had a trading volume of 422,264 shares, compared to its average volume of 413,630. The business's 50 day moving average price is $74.07 and its 200 day moving average price is $72.74. ONE Gas has a 1 year low of $58.31 and a 1 year high of $78.89. The company has a market cap of $4.64 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.34. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The business had revenue of $630.70 million for the quarter, compared to the consensus estimate of $973.58 million. Research analysts expect that ONE Gas will post 4.26 EPS for the current fiscal year.

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.