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

ONE Gas (NYSE:OGS) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other analysts have also recently weighed in on OGS. Jefferies Financial Group started coverage on shares of ONE Gas in a report on Monday, December 9th. They issued a “hold” rating and a $79.00 price objective on the stock. LADENBURG THALM/SH SH cut 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 increased their price target on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Morgan Stanley upped their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Bank of America initiated coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.69.

ONE Gas Trading Down 1.3 %

NYSE OGS opened at $68.37 on Wednesday. The firm has a market capitalization of $3.87 billion, a PE ratio of 17.80 and a beta of 0.70. ONE Gas has a one year low of $57.74 and a one year high of $78.89. The company has a 50-day simple moving average of $72.83 and a 200-day simple moving average of $70.15. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of ONE Gas by 24.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,814 shares of the utilities provider’s stock valued at $882,000 after purchasing an additional 2,731 shares during the last quarter. Rothschild Investment LLC acquired a new position in ONE Gas in the 2nd quarter worth approximately $30,000. Van ECK Associates Corp grew its position in ONE Gas by 11.1% during the 2nd quarter. Van ECK Associates Corp now owns 14,429 shares of the utilities provider’s stock worth $921,000 after purchasing an additional 1,437 shares in the last quarter. Rhumbline Advisers raised its stake in ONE Gas by 3.8% during the 2nd quarter. Rhumbline Advisers now owns 210,421 shares of the utilities provider’s stock valued at $13,435,000 after purchasing an additional 7,680 shares during the period. Finally, Range Financial Group LLC lifted its holdings in shares of ONE Gas by 11.0% in the second quarter. Range Financial Group LLC now owns 20,019 shares of the utilities provider’s stock valued at $1,278,000 after purchasing an additional 1,987 shares in the last quarter. Institutional investors 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.