ONE Gas (NYSE:OGS) Stock Rating Lowered by StockNews.com

ONE Gas (NYSE:OGS - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a report released on Saturday.

A number of other research analysts have also recently commented on OGS. Morgan Stanley boosted their price objective on ONE Gas from $63.00 to $69.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. Jefferies Financial Group assumed coverage on ONE Gas in a research note on Monday, December 9th. They issued a "hold" rating and a $79.00 price target on the stock. Bank of America assumed coverage on ONE Gas in a research note on Friday, December 13th. They issued a "buy" rating and a $77.00 price target on the stock. LADENBURG THALM/SH SH cut ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 price target on the stock. in a research note on Friday, December 6th. Finally, Stifel Nicolaus boosted their price target on ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, ONE Gas presently has a consensus rating of "Hold" and a consensus target price of $72.69.

ONE Gas Trading Up 0.1 %

OGS stock traded up $0.09 during trading on Friday, reaching $72.68. 487,336 shares of the stock traded hands, compared to its average volume of 346,889. The business's 50 day moving average price is $72.23 and its 200-day moving average price is $70.77. ONE Gas has a 52-week low of $57.74 and a 52-week high of $78.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The firm has a market capitalization of $4.12 billion, a PE ratio of 18.93, a P/E/G ratio of 5.51 and a beta of 0.71.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 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 return on equity of 7.71% and a net margin of 10.52%. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. As a group, sell-side analysts forecast that ONE Gas will post 3.88 earnings per share for the current year.

Hedge Funds Weigh In On ONE Gas

Several institutional investors have recently made changes to their positions in OGS. Wellington Management Group LLP grew its holdings in shares of ONE Gas by 22.9% during the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider's stock valued at $258,283,000 after purchasing an additional 645,566 shares during the last quarter. Verition Fund Management LLC grew its holdings in ONE Gas by 320.2% in the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider's stock worth $29,980,000 after buying an additional 306,974 shares in the last quarter. International Assets Investment Management LLC grew its holdings in ONE Gas by 9,036.9% in the 3rd quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider's stock worth $15,061,000 after buying an additional 200,168 shares in the last quarter. Earnest Partners LLC bought a new position in ONE Gas in the 2nd quarter worth approximately $12,594,000. Finally, Boston Trust Walden Corp grew its holdings in ONE Gas by 10.4% in the 3rd quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider's stock worth $78,082,000 after buying an additional 98,489 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

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.