ONE Gas, Inc. (NYSE:OGS) Receives $72.69 Average Price Target from Analysts

Shares of ONE Gas, Inc. (NYSE:OGS) have been given an average recommendation of “Hold” by the eight ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $72.69.

Several research firms have weighed in on OGS. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a report on Thursday. Morgan Stanley boosted their price objective 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. Stifel Nicolaus increased their price objective on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Bank of America began coverage on shares of ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 target price for the company. Finally, 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.

ONE Gas Stock Up 0.2 %

Shares of ONE Gas stock opened at $68.21 on Friday. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 17.76 and a beta of 0.71. The stock has a 50-day simple moving average of $72.45 and a 200-day simple moving average of $70.44. ONE Gas has a 52-week low of $57.74 and a 52-week high of $78.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37.

ONE Gas (NYSE:OGS) last posted 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). The business 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 business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, equities research analysts expect that ONE Gas will post 3.88 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.87%. The ex-dividend date was Tuesday, November 19th. ONE Gas’s dividend payout ratio is currently 68.75%.

Institutional Trading of ONE Gas

Large investors have recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas bought a new position in shares of ONE Gas in the third quarter valued at approximately $3,135,000. Pathstone Holdings LLC increased its holdings in ONE Gas by 113.5% during the 3rd quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock valued at $1,688,000 after purchasing an additional 12,060 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in ONE Gas by 234.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock valued at $4,539,000 after purchasing an additional 42,724 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in ONE Gas by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider’s stock worth $56,438,000 after purchasing an additional 18,889 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of ONE Gas by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock worth $100,836,000 after purchasing an additional 18,477 shares during the last quarter. 88.71% of the stock is owned by institutional investors.

About ONE Gas

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.