Jefferies Financial Group Cuts ONE Gas (NYSE:OGS) Price Target to $76.00

ONE Gas (NYSE:OGS) had its target price reduced by analysts at Jefferies Financial Group from $79.00 to $76.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the utilities provider’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 8.66% from the stock’s current price.

OGS has been the topic of several other research reports. Wells Fargo & Company cut their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Bank of America assumed coverage on shares of ONE Gas in a report on Friday, December 13th. They issued a “buy” rating and a $77.00 target price on the stock. StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, January 18th. LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a research note on Friday, December 6th. Finally, Stifel Nicolaus lifted their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $72.31.

ONE Gas Trading Down 1.0 %

Shares of NYSE OGS traded down $0.70 during mid-day trading on Tuesday, reaching $69.95. 352,828 shares of the company’s stock were exchanged, compared to its average volume of 436,425. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 5.70 and a beta of 0.71. The company’s 50-day moving average is $71.79 and its 200-day moving average is $71.14. ONE Gas has a 52-week low of $57.74 and a 52-week high of $78.89.

ONE Gas (NYSE:OGS) last posted its 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). 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%. ONE Gas’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. Analysts expect that ONE Gas will post 3.89 EPS for the current fiscal year.

Hedge Funds Weigh In On ONE Gas

A number of hedge funds have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. lifted its holdings in shares of ONE Gas by 4.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock valued at $278,000 after acquiring an additional 159 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position 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 in the last quarter. CWM LLC raised its position in shares of ONE Gas by 17.3% in the 3rd quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 248 shares in the last quarter. GAMMA Investing LLC raised its holdings in ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 261 shares in the last quarter. Finally, Transcendent Capital Group LLC raised its holdings in ONE Gas by 266.0% in the third 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. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Company Profile

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.