ONE Gas, Inc. (NYSE:OGS) Receives $68.10 Consensus Target Price from Analysts

Shares of ONE Gas, Inc. (NYSE:OGS) have been given a consensus recommendation of “Hold” by the five brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $68.10.

A number of research analysts recently issued reports on OGS shares. Morgan Stanley lifted their price target on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company reduced their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OGS. Crossmark Global Holdings Inc. raised its stake in shares of ONE Gas by 4.4% during the third 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 during the last quarter. Hexagon Capital Partners LLC grew its holdings in ONE Gas by 21.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 174 shares during the period. Tidal Investments LLC raised its position in shares of ONE Gas by 6.1% during the 1st quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock valued at $228,000 after acquiring an additional 206 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of ONE Gas by 42.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 210 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in shares of ONE Gas by 0.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider’s stock worth $1,597,000 after purchasing an additional 230 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Price Performance

Shares of ONE Gas stock opened at $77.87 on Friday. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 20.28 and a beta of 0.67. The firm’s 50-day moving average price is $73.49 and its two-hundred day moving average price is $68.07. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. ONE Gas has a 1-year low of $55.50 and a 1-year high of $78.21.

ONE Gas (NYSE:OGS) last released 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 return on equity of 7.71% and a net margin of 10.52%. The business had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. On average, equities analysts predict that ONE Gas will post 3.88 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be given a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a yield of 3.39%. ONE Gas’s payout ratio is 68.75%.

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.