ONE Gas (NYSE:OGS) Now Covered by Jefferies Financial Group

Stock analysts at Jefferies Financial Group started coverage on shares of ONE Gas (NYSE:OGS - Get Free Report) in a report issued on Monday, MarketBeat reports. The firm set a "hold" rating and a $79.00 price target on the utilities provider's stock. Jefferies Financial Group's price objective would suggest a potential upside of 9.19% from the stock's current price.

Several other equities analysts have also issued reports on the company. StockNews.com lowered ONE Gas from a "hold" rating to a "sell" rating in a research note on Wednesday, November 13th. Stifel Nicolaus increased their target price on shares of ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research note on Friday. LADENBURG THALM/SH SH lowered shares of ONE Gas from a "buy" rating to a "neutral" rating and set a $75.50 price objective on the stock. in a report on Friday. Morgan Stanley raised their target price on ONE Gas from $63.00 to $69.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company cut their price target on ONE Gas from $82.00 to $81.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $72.07.

ONE Gas Trading Down 0.4 %

Shares of NYSE:OGS traded down $0.27 during trading on Monday, reaching $72.35. The stock had a trading volume of 419,170 shares, compared to its average volume of 406,883. ONE Gas has a 52 week low of $57.74 and a 52 week high of $78.89. The firm's fifty day moving average is $74.09 and its 200 day moving average is $69.08. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 18.91 and a beta of 0.70. 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 issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The firm had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. During the same period last year, the company posted $0.45 EPS. The business's revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts forecast that ONE Gas will post 3.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its position in shares of ONE Gas by 4.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider's stock worth $278,000 after buying an additional 159 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in ONE Gas by 42.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider's stock worth $53,000 after purchasing an additional 210 shares during the last quarter. CWM LLC grew its stake in ONE Gas by 17.3% in the 3rd quarter. CWM LLC now owns 1,680 shares of the utilities provider's stock valued at $125,000 after purchasing an additional 248 shares during the period. GAMMA Investing LLC raised its stake 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 worth $45,000 after purchasing an additional 261 shares during the period. Finally, Transcendent Capital Group LLC raised its stake 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 worth $27,000 after purchasing an additional 266 shares during the period. 88.71% of the stock is owned by institutional investors.

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.