ONE Gas, Inc. (NYSE:OGS) Receives Average Recommendation of “Reduce” from Brokerages

ONE Gas, Inc. (NYSE:OGSGet Free Report) has been given an average rating of “Reduce” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $64.94.

Several equities analysts have recently issued reports on OGS shares. LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price on the stock in a research note on Tuesday, March 5th. Morgan Stanley boosted their price objective on shares of ONE Gas from $58.00 to $61.00 and gave the company an “equal weight” rating in a research report on Tuesday. Wells Fargo & Company raised their target price on shares of ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Finally, UBS Group initiated coverage on shares of ONE Gas in a report on Friday, April 12th. They issued a “sell” rating and a $61.00 price objective for the company.

View Our Latest Research Report on ONE Gas

ONE Gas Price Performance

Shares of ONE Gas stock opened at $61.64 on Friday. The company’s fifty day simple moving average is $63.27 and its two-hundred day simple moving average is $62.07. ONE Gas has a 12-month low of $55.50 and a 12-month high of $83.89. The firm has a market cap of $3.49 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 3.08 and a beta of 0.65. The company has a quick ratio of 0.39, a current ratio of 0.47 and a debt-to-equity ratio of 0.76.

ONE Gas (NYSE:OGSGet Free Report) last posted its earnings results on Monday, May 6th. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $758.32 million during the quarter, compared to the consensus estimate of $1.05 billion. ONE Gas had a return on equity of 8.37% and a net margin of 10.86%. The firm’s revenue for the quarter was down 26.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 earnings per share. As a group, equities analysts expect that ONE Gas will post 3.85 EPS for the current year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.66 per share. The ex-dividend date is Friday, May 17th. This represents a $2.64 annualized dividend and a dividend yield of 4.28%. ONE Gas’s payout ratio is 65.19%.

Institutional Trading of ONE Gas

Hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp raised its stake in ONE Gas by 66.3% during the first quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock valued at $27,000 after buying an additional 169 shares during the last quarter. BKM Wealth Management LLC bought a new position in shares of ONE Gas during the fourth quarter valued at $28,000. Quadrant Capital Group LLC raised its position in shares of ONE Gas by 290.4% in the 4th quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 334 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in ONE Gas by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 337 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its position in ONE Gas by 147.8% during the 1st quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 479 shares during the last quarter. 88.71% of the stock is owned by institutional investors.

ONE Gas Company Profile

(Get Free Report

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.

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Analyst Recommendations for ONE Gas (NYSE:OGS)

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