Jefferies Financial Group Issues Pessimistic Forecast for ONE Gas (NYSE:OGS) Stock Price

ONE Gas (NYSE:OGS) had its price target reduced by investment analysts at Jefferies Financial Group from $79.00 to $76.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the utilities provider’s stock. Jefferies Financial Group’s price target suggests a potential upside of 8.66% from the company’s current price.

Several other analysts also recently weighed in on OGS. Bank of America began coverage on ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 target price for the company. LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target for the company. in a report on Friday, December 6th. Wells Fargo & Company reduced their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, January 18th. Finally, Stifel Nicolaus raised their target price on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 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 company has an average rating of “Hold” and a consensus price target of $72.31.

ONE Gas Stock Down 1.0 %

Shares of NYSE OGS traded down $0.70 during trading hours on Tuesday, hitting $69.95. The stock had a trading volume of 352,828 shares, compared to its average volume of 436,425. The firm’s 50-day moving average price is $71.79 and its two-hundred day moving average price is $71.14. ONE Gas has a 52 week low of $57.74 and a 52 week high of $78.89. The company has a market capitalization of $3.96 billion, a P/E ratio of 18.21, a P/E/G ratio of 5.70 and a beta of 0.71. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. ONE Gas’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. Analysts anticipate that ONE Gas will post 3.89 EPS for the current fiscal year.

Institutional Investors Weigh In On ONE Gas

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in ONE Gas by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock worth $258,283,000 after acquiring an additional 645,566 shares during the last quarter. Geode Capital Management LLC boosted its position 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 in the last quarter. Boston Trust Walden Corp grew its holdings in shares of ONE Gas by 0.9% in the 4th quarter. Boston Trust Walden Corp now owns 1,058,507 shares of the utilities provider’s stock valued at $73,302,000 after buying an additional 9,302 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of ONE Gas by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 758,378 shares of the utilities provider’s stock valued at $56,438,000 after buying an additional 18,889 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of ONE Gas by 4.6% in the 3rd quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider’s stock valued at $50,785,000 after buying an additional 31,045 shares in the last quarter. 88.71% of the stock is owned by 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.