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

Shares of ONE Gas, Inc. (NYSE:OGS) have been assigned an average rating of “Reduce” from the six analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $63.36.

Several equities research analysts recently commented on the company. Mizuho raised their target price on ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Wells Fargo & Company raised their price objective on shares of ONE Gas from $68.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Finally, Morgan Stanley reduced their price target on shares of ONE Gas from $61.00 to $58.00 and set an “equal weight” rating for the company in a report on Monday, June 24th.

ONE Gas Price Performance

Shares of OGS opened at $68.94 on Monday. The business has a 50-day moving average of $66.63 and a 200-day moving average of $63.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 3.59 and a beta of 0.66. ONE Gas has a 1 year low of $55.50 and a 1 year high of $75.89.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The firm had revenue of $354.14 million for the quarter, compared to analyst estimates of $362.06 million. During the same quarter last year, the company earned $0.58 earnings per share. The company’s quarterly revenue was down 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that ONE Gas will post 3.84 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Wednesday, August 14th. ONE Gas’s payout ratio is presently 65.19%.

Hedge Funds Weigh In On ONE Gas

Large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in shares of ONE Gas in the fourth quarter worth approximately $8,825,000. New York State Common Retirement Fund raised its position in ONE Gas by 8.7% in the 4th quarter. New York State Common Retirement Fund now owns 36,794 shares of the utilities provider’s stock valued at $2,345,000 after buying an additional 2,938 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in ONE Gas by 12.5% during the 4th quarter. Russell Investments Group Ltd. now owns 46,285 shares of the utilities provider’s stock valued at $2,949,000 after acquiring an additional 5,147 shares in the last quarter. M&T Bank Corp boosted its holdings in ONE Gas by 35.2% during the 4th quarter. M&T Bank Corp now owns 4,909 shares of the utilities provider’s stock worth $313,000 after acquiring an additional 1,277 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its stake in shares of ONE Gas by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 46,724 shares of the utilities provider’s stock worth $2,977,000 after acquiring an additional 714 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

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.