ONE Gas (NYSE:OGS) Rating Increased to Hold at StockNews.com

ONE Gas (NYSE:OGS) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Several other equities research analysts also recently issued reports on OGS. Wells Fargo & Company increased their target price on ONE Gas from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Morgan Stanley increased their target price on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $68.30.

ONE Gas Stock Up 0.9 %

OGS traded up $0.62 during midday trading on Tuesday, hitting $70.59. The company had a trading volume of 579,727 shares, compared to its average volume of 402,878. ONE Gas has a 52 week low of $55.50 and a 52 week high of $74.99. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 3.63 and a beta of 0.67. The stock’s 50 day moving average price is $72.12 and its 200 day moving average price is $67.24.

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 $0.41 by ($0.07). ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The business had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. During the same period in the previous year, the firm earned $0.45 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. On average, research analysts anticipate that ONE Gas will post 3.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. lifted its stake in ONE Gas by 4.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock worth $278,000 after purchasing an additional 159 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in ONE Gas by 21.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 174 shares in the last quarter. Tidal Investments LLC grew its stake in ONE Gas by 6.1% in the 1st quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 206 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of ONE Gas by 0.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider’s stock worth $1,597,000 after purchasing an additional 230 shares during the period. Finally, GW Henssler & Associates Ltd. lifted its position in shares of ONE Gas by 7.4% in the 1st quarter. GW Henssler & Associates Ltd. now owns 3,442 shares of the utilities provider’s stock worth $222,000 after purchasing an additional 237 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

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.