ONE Gas (NYSE:OGS) Given New $76.00 Price Target at Jefferies Financial Group

ONE Gas (NYSE:OGS) had its price objective dropped by equities research analysts at Jefferies Financial Group from $79.00 to $76.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the utilities provider’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 9.99% from the company’s previous close.

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

ONE Gas Stock Down 1.2 %

Shares of NYSE:OGS opened at $69.10 on Tuesday. The business has a fifty day simple moving average of $71.40 and a 200 day simple moving average of $71.20. ONE Gas has a 12-month low of $57.74 and a 12-month high of $78.89. The firm has a market cap of $3.91 billion, a P/E ratio of 17.99, a P/E/G ratio of 5.70 and a beta of 0.71. 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 announced its 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 company had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. Analysts predict that ONE Gas will post 3.89 earnings per share for the current year.

Hedge Funds Weigh In On ONE Gas

Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of ONE Gas by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 68,580 shares of the utilities provider’s stock worth $4,379,000 after acquiring an additional 1,032 shares during the period. Algert Global LLC bought a new position in ONE Gas in the 2nd quarter worth about $364,000. SG Americas Securities LLC grew its holdings in ONE Gas by 80.0% during the 3rd quarter. SG Americas Securities LLC now owns 16,863 shares of the utilities provider’s stock valued at $1,255,000 after buying an additional 7,494 shares in the last quarter. GAMMA Investing LLC increased its position in shares of ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after buying an additional 261 shares during the period. Finally, CWM LLC lifted its holdings in shares of ONE Gas by 17.3% in the third quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock worth $125,000 after buying an additional 248 shares in the last quarter. Hedge funds and other 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.