ONE Gas (NYSE:OGS) Price Target Increased to $64.00 by Analysts at Mizuho

ONE Gas (NYSE:OGS) had its price target upped by Mizuho from $63.00 to $64.00 in a research report report published on Friday, Benzinga reports. Mizuho currently has a neutral rating on the utilities provider’s stock.

OGS has been the subject of several other reports. UBS Group began coverage on ONE Gas in a research report on Friday, April 12th. They set a sell rating and a $61.00 target price for the company. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a neutral rating to a buy rating and set a $64.50 target price for the company in a report on Tuesday, March 5th. Wells Fargo & Company boosted their target price on shares of ONE Gas from $60.00 to $63.00 and gave the stock an equal weight rating in a report on Friday, February 23rd. Finally, Morgan Stanley boosted their target price on shares of ONE Gas from $57.00 to $58.00 and gave the stock an equal weight rating in a report on Thursday, March 21st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $64.56.

ONE Gas Price Performance

NYSE OGS opened at $64.64 on Friday. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 3.33 and a beta of 0.65. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 0.78. ONE Gas has a 12 month low of $55.50 and a 12 month high of $83.89. The company’s 50 day moving average is $61.99 and its two-hundred day moving average is $62.26.

ONE Gas (NYSE:OGS) last posted its earnings results on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.27. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The firm had revenue of $605.90 million during the quarter, compared to analyst estimates of $751.77 million. During the same period last year, the firm posted $1.23 earnings per share. ONE Gas’s revenue for the quarter was down 26.0% compared to the same quarter last year. As a group, research analysts anticipate that ONE Gas will post 3.86 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in shares of ONE Gas during the 4th quarter worth approximately $8,825,000. Jackson Creek Investment Advisors LLC acquired a new position in ONE Gas in the 3rd quarter valued at $878,000. Lazard Asset Management LLC raised its stake in ONE Gas by 1,674.5% in the 3rd quarter. Lazard Asset Management LLC now owns 30,024 shares of the utilities provider’s stock valued at $2,049,000 after purchasing an additional 28,332 shares during the last quarter. Prudential PLC raised its stake in ONE Gas by 51.4% in the 3rd quarter. Prudential PLC now owns 58,608 shares of the utilities provider’s stock valued at $4,002,000 after purchasing an additional 19,906 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in ONE Gas by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,402,167 shares of the utilities provider’s stock valued at $437,140,000 after purchasing an additional 27,831 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

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.