StockNews.com Downgrades ONE Gas (NYSE:OGS) to Sell

ONE Gas (NYSE:OGS) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

OGS has been the topic of a number of other research reports. Bank of America began coverage on ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 price objective on the stock. 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. Morgan Stanley lifted their target price on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company lowered their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, LADENBURG THALM/SH SH lowered ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, ONE Gas presently has a consensus rating of “Hold” and an average price target of $72.69.

ONE Gas Price Performance

OGS stock opened at $67.92 on Thursday. ONE Gas has a 52-week low of $57.74 and a 52-week high of $78.89. The stock’s fifty day simple moving average is $72.35 and its 200-day simple moving average is $70.47. 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 stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 17.69 and a beta of 0.71.

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

Hedge Funds Weigh In On ONE Gas

Institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System boosted its position in shares of ONE Gas by 3.9% during the second quarter. Arizona State Retirement System now owns 15,830 shares of the utilities provider’s stock worth $1,011,000 after buying an additional 590 shares during the period. American Century Companies Inc. boosted its position in shares of ONE Gas by 6.3% during the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock worth $293,590,000 after buying an additional 272,923 shares during the period. BOKF NA boosted its position in shares of ONE Gas by 1.3% during the second quarter. BOKF NA now owns 155,772 shares of the utilities provider’s stock worth $9,946,000 after buying an additional 2,047 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of ONE Gas by 4,820.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 95,409 shares of the utilities provider’s stock worth $5,982,000 after buying an additional 93,470 shares during the period. Finally, Krane Funds Advisors LLC acquired a new position in shares of ONE Gas during the second quarter worth approximately $204,000. 88.71% of the stock is owned by institutional investors.

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.