ONE Gas (NYSE:OGS) Rating Lowered to “Sell” at StockNews.com

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

OGS has been the subject of a number of other research reports. 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 research report on Wednesday, September 25th. Wells Fargo & Company lowered 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $68.10.

ONE Gas Stock Down 1.2 %

Shares of NYSE:OGS opened at $74.22 on Wednesday. The company has a market capitalization of $4.20 billion, a PE ratio of 19.37, a P/E/G ratio of 3.88 and a beta of 0.67. 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 twelve month low of $55.50 and a twelve month high of $76.34. The firm has a 50 day simple moving average of $72.76 and a 200-day simple moving average of $67.63.

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 the consensus estimate of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business had revenue of $340.40 million during the quarter, compared to analysts’ expectations of $287.48 million. During the same quarter last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts predict that ONE Gas will post 3.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OGS. American Century Companies Inc. boosted its position in shares of ONE Gas by 6.3% in the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock worth $293,590,000 after acquiring an additional 272,923 shares during the last quarter. Victory Capital Management Inc. lifted its position in ONE Gas by 0.7% during the second quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider’s stock valued at $93,873,000 after buying an additional 10,189 shares in the last quarter. Energy Income Partners LLC lifted its position in ONE Gas by 52.9% during the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock valued at $68,317,000 after buying an additional 366,363 shares in the last quarter. Boston Trust Walden Corp raised its stake in shares of ONE Gas by 10.4% during the third quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider’s stock valued at $78,082,000 after purchasing an additional 98,489 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of ONE Gas by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 897,568 shares of the utilities provider’s stock valued at $57,308,000 after purchasing an additional 61,192 shares during the period. 88.71% of the stock is currently owned by hedge funds and other 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.