ONE Gas, Inc. (NYSE:OGS) Given Consensus Recommendation of “Hold” by Analysts

ONE Gas, Inc. (NYSE:OGS) has received a consensus rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $72.69.

Several analysts recently issued reports on OGS shares. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a report on Thursday. Jefferies Financial Group initiated coverage on shares of ONE Gas in a research note on Monday, December 9th. They set a “hold” rating and a $79.00 price objective on the stock. LADENBURG THALM/SH SH lowered ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price on the stock. in a research report on Friday, December 6th. Stifel Nicolaus lifted their target price on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Finally, 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 price target on the stock.

ONE Gas Trading Up 0.2 %

Shares of OGS stock opened at $68.21 on Friday. ONE Gas has a 1-year low of $57.74 and a 1-year high of $78.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The firm’s 50-day simple moving average is $72.45 and its 200-day simple moving average is $70.44. The firm has a market cap of $3.86 billion, a P/E ratio of 17.76 and a beta of 0.71.

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

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a yield of 3.87%. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.

Institutional Trading of ONE Gas

A number of hedge funds and other institutional investors have recently modified their holdings of OGS. Oddo BHF Asset Management Sas purchased a new stake in ONE Gas during the third quarter valued at about $3,135,000. Pathstone Holdings LLC boosted its holdings in shares of ONE Gas by 113.5% during the third quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock worth $1,688,000 after purchasing an additional 12,060 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in ONE Gas by 234.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock valued at $4,539,000 after purchasing an additional 42,724 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in ONE Gas by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider’s stock valued at $56,438,000 after buying an additional 18,889 shares during the period. Finally, Geode Capital Management LLC lifted its position in ONE Gas by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock worth $100,836,000 after buying an additional 18,477 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

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.