ONE Gas, Inc. (OGS) Receives $65.60 Average PT from Analysts

Shares of ONE Gas, Inc. (NYSE:OGS) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $65.60.

A number of analysts have recently commented on OGS shares. Zacks Investment Research cut ONE Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. BidaskClub cut ONE Gas from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC reissued a “sell” rating and issued a $62.00 price target on shares of ONE Gas in a research report on Sunday, September 10th. Morgan Stanley boosted their price target on ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research report on Thursday, August 10th. Finally, UBS AG cut ONE Gas from a “neutral” rating to a “sell” rating and boosted their price target for the stock from $71.00 to $72.00 in a research report on Monday, October 2nd.

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Shares of ONE Gas (NYSE OGS) traded up 0.47% on Friday, reaching $74.82. The company’s stock had a trading volume of 205,466 shares. The company’s 50 day moving average price is $74.69 and its 200 day moving average price is $71.51. ONE Gas has a 12-month low of $56.35 and a 12-month high of $76.06. The company has a market cap of $3.91 billion, a P/E ratio of 26.07 and a beta of 0.10.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The company had revenue of $279.69 million during the quarter, compared to the consensus estimate of $257.87 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts forecast that ONE Gas will post $2.98 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in ONE Gas by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,654 shares of the utilities provider’s stock valued at $534,000 after acquiring an additional 23 shares in the last quarter. World Asset Management Inc lifted its position in ONE Gas by 0.8% in the 1st quarter. World Asset Management Inc now owns 3,206 shares of the utilities provider’s stock valued at $217,000 after acquiring an additional 25 shares in the last quarter. US Bancorp DE lifted its position in ONE Gas by 0.4% in the 2nd quarter. US Bancorp DE now owns 7,589 shares of the utilities provider’s stock valued at $530,000 after acquiring an additional 28 shares in the last quarter. Capstone Asset Management Co. lifted its position in ONE Gas by 1.0% in the 2nd quarter. Capstone Asset Management Co. now owns 4,152 shares of the utilities provider’

A number of analysts have recently commented on OGS shares. Zacks Investment Research cut ONE Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. BidaskClub cut ONE Gas from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC reissued a “sell” rating and issued a $62.00 price target on shares of ONE Gas in a research report on Sunday, September 10th. Morgan Stanley boosted their price target on ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research report on Thursday, August 10th. Finally, UBS AG cut ONE Gas from a “neutral” rating to a “sell” rating and boosted their price target for the stock from $71.00 to $72.00 in a research report on Monday, October 2nd.

COPYRIGHT VIOLATION NOTICE: This article was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/10/one-gas-inc-ogs-receives-65-60-average-pt-from-analysts.html.

Shares of ONE Gas (NYSE OGS) traded up 0.47% on Friday, reaching $74.82. The company’s stock had a trading volume of 205,466 shares. The company’s 50 day moving average price is $74.69 and its 200 day moving average price is $71.51. ONE Gas has a 12-month low of $56.35 and a 12-month high of $76.06. The company has a market cap of $3.91 billion, a P/E ratio of 26.07 and a beta of 0.10.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The company had revenue of $279.69 million during the quarter, compared to the consensus estimate of $257.87 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts forecast that ONE Gas will post $2.98 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in ONE Gas by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,654 shares of the utilities provider’s stock valued at $534,000 after acquiring an additional 23 shares in the last quarter. World Asset Management Inc lifted its position in ONE Gas by 0.8% in the 1st quarter. World Asset Management Inc now owns 3,206 shares of the utilities provider’s stock valued at $217,000 after acquiring an additional 25 shares in the last quarter. US Bancorp DE lifted its position in ONE Gas by 0.4% in the 2nd quarter. US Bancorp DE now owns 7,589 shares of the utilities provider’s stock valued at $530,000 after acquiring an additional 28 shares in the last quarter. Capstone Asset Management Co. lifted its position in ONE Gas by 1.0% in the 2nd quarter. Capstone Asset Management Co. now owns 4,152 shares of the utilities provider’s stock valued at $290,000 after acquiring an additional 40 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its position in ONE Gas by 1.3% in the 2nd quarter. Suntrust Banks Inc. now owns 6,241 shares of the utilities provider’s stock valued at $435,000 after acquiring an additional 81 shares in the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Company Profile

ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.

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