ONE Gas, Inc. (NYSE:OGS) Receives Average Rating of “Reduce” from Analysts

ONE Gas, Inc. (NYSE:OGS) has been assigned a consensus recommendation of “Reduce” from the seven analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $65.06.

Several research analysts have commented on the stock. UBS Group assumed coverage on shares of ONE Gas in a report on Friday, April 12th. They set a “sell” rating and a $61.00 price objective for the company. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a report on Thursday, June 13th. Wells Fargo & Company lifted their price objective on ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. LADENBURG THALM/SH SH raised 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. Finally, Mizuho upped their price target on shares of ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th.

Institutional Investors Weigh In On ONE Gas

Several institutional investors have recently made changes to their positions in OGS. Norges Bank bought a new position in ONE Gas during the 4th quarter valued at about $30,395,000. Energy Income Partners LLC boosted its position in shares of ONE Gas by 52.9% during the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock valued at $68,317,000 after buying an additional 366,363 shares during the period. Zimmer Partners LP bought a new position in shares of ONE Gas during the first quarter valued at approximately $16,939,000. First Trust Advisors LP raised its holdings in shares of ONE Gas by 15.3% in the fourth quarter. First Trust Advisors LP now owns 1,108,868 shares of the utilities provider’s stock worth $70,657,000 after buying an additional 147,471 shares during the period. Finally, Clearbridge Investments LLC bought a new stake in shares of ONE Gas during the 3rd quarter worth approximately $9,796,000. Institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Down 0.8 %

Shares of OGS opened at $60.21 on Wednesday. ONE Gas has a 12-month low of $55.50 and a 12-month high of $82.06. The company has a current ratio of 0.47, a quick ratio of 0.39 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3.41 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 3.16 and a beta of 0.65. The business’s 50 day moving average is $62.68 and its 200 day moving average is $62.21.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, May 6th. The utilities provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $758.32 million during the quarter, compared to analysts’ expectations of $1.05 billion. ONE Gas had a return on equity of 8.37% and a net margin of 10.86%. ONE Gas’s quarterly revenue was down 26.5% compared to the same quarter last year. During the same period last year, the firm posted $1.84 EPS. Research analysts expect that ONE Gas will post 3.85 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend was Friday, May 17th. ONE Gas’s payout ratio is 65.19%.

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.