StockNews.com Downgrades ONE Gas (NYSE:OGS) to Sell

ONE Gas (NYSE:OGS - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Wednesday.

OGS has been the topic of several other research reports. Morgan Stanley lifted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Wells Fargo & Company lowered their target price on ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $68.10.

ONE Gas Stock Down 0.3 %

Shares of NYSE:OGS traded down $0.21 during trading on Wednesday, reaching $75.09. 271,392 shares of the stock were exchanged, compared to its average volume of 409,982. The stock has a fifty day moving average of $72.76 and a two-hundred day moving average of $67.63. ONE Gas has a 1-year low of $55.50 and a 1-year high of $76.34. 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 cap of $4.25 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 3.88 and a beta of 0.67.

ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The business had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. During the same quarter in the prior year, the company earned $0.45 EPS. The company's revenue was up 1.4% on a year-over-year basis. Research analysts anticipate that ONE Gas will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ONE Gas

Hedge funds have recently made changes to their positions in the stock. Transcendent Capital Group LLC grew its position in shares of ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 266 shares in the last quarter. Rothschild Investment LLC purchased a new position in ONE Gas in the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of ONE Gas by 150.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider's stock worth $40,000 after buying an additional 349 shares during the last quarter. GAMMA Investing LLC raised its position in shares of ONE Gas by 75.2% during the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider's stock valued at $45,000 after buying an additional 261 shares in the last quarter. Finally, Coastline Trust Co purchased a new stake in shares of ONE Gas during the 3rd quarter valued at $60,000. 88.71% of the stock is currently owned by hedge funds and other 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.