ONE Gas (NYSE:OGS) Upgraded by StockNews.com to Hold Rating

ONE Gas (NYSE:OGS) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

A number of other brokerages have also weighed in on OGS. Bank of America assumed coverage on shares of ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 target price on the stock. Wells Fargo & Company reduced their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Jefferies Financial Group started coverage on ONE Gas in a research report on Monday, December 9th. They issued a “hold” rating and a $79.00 target price for the company. 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 report on Friday, December 6th. Finally, Morgan Stanley raised their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, ONE Gas presently has a consensus rating of “Hold” and an average price target of $72.69.

ONE Gas Price Performance

Shares of NYSE:OGS traded down $0.11 during midday trading on Wednesday, hitting $69.25. The stock had a trading volume of 217,757 shares, compared to its average volume of 408,507. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $3.92 billion, a P/E ratio of 18.03 and a beta of 0.70. The company’s 50-day moving average price is $72.94 and its 200-day moving average price is $70.16. ONE Gas has a fifty-two week low of $57.74 and a fifty-two week high of $78.89.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same quarter in the previous year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts predict that ONE Gas will post 3.88 EPS for the current fiscal year.

Hedge Funds Weigh In On ONE Gas

A number of large investors have recently modified their holdings of OGS. Transcendent Capital Group LLC lifted its position in ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 266 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of ONE Gas in the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 349 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after buying an additional 261 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in ONE Gas during the third quarter worth $45,000. 88.71% of the stock is currently 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.