ONE Gas, Inc. (NYSE:OGS) Receives $72.07 Average Price Target from Analysts

Shares of ONE Gas, Inc. (NYSE:OGS) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $72.69.

OGS has been the subject of a number of analyst reports. Stifel Nicolaus raised their price target on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, December 6th. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target on the stock. in a research report on Friday, December 6th. Bank of America assumed coverage on shares of ONE Gas in a research report on Friday. They issued a “buy” rating and a $77.00 price objective for the company. Finally, 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 target price on the stock.

Institutional Investors Weigh In On ONE Gas

Institutional investors have recently made changes to their positions in the company. CWM LLC lifted its holdings in ONE Gas by 72.1% during the 2nd quarter. CWM LLC now owns 1,432 shares of the utilities provider’s stock worth $91,000 after purchasing an additional 600 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of ONE Gas by 44.0% during the second quarter. SG Americas Securities LLC now owns 9,369 shares of the utilities provider’s stock worth $598,000 after buying an additional 2,861 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of ONE Gas by 6.0% during the second quarter. Diversified Trust Co now owns 10,823 shares of the utilities provider’s stock worth $691,000 after buying an additional 615 shares in the last quarter. Blue Trust Inc. boosted its position in shares of ONE Gas by 273,100.0% in the second quarter. Blue Trust Inc. now owns 5,464 shares of the utilities provider’s stock valued at $353,000 after acquiring an additional 5,462 shares during the period. Finally, Everpar Advisors LLC grew its stake in shares of ONE Gas by 4.6% in the second quarter. Everpar Advisors LLC now owns 7,555 shares of the utilities provider’s stock valued at $482,000 after acquiring an additional 334 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Performance

Shares of OGS stock opened at $70.38 on Wednesday. ONE Gas has a 12 month low of $57.74 and a 12 month high of $78.89. The company’s fifty day simple moving average is $73.86 and its 200-day simple moving average is $69.48. The firm has a market cap of $3.99 billion, a PE ratio of 18.33 and a beta of 0.70. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last issued 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). 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 analyst estimates of $287.48 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts expect that ONE Gas will post 3.88 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were paid a $0.66 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a yield of 3.75%. ONE Gas’s dividend payout ratio (DPR) is currently 68.75%.

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.