Analysts Set ONE Gas, Inc. (NYSE:OGS) Target Price at $72.07

ONE Gas, Inc. (NYSE:OGS) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $72.69.

Several research analysts recently weighed in on the company. LADENBURG THALM/SH SH cut ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target for the company. in a research report on Friday, December 6th. Jefferies Financial Group initiated coverage on shares of ONE Gas in a research note on Monday, December 9th. They issued a “hold” rating and a $79.00 target price for the company. Wells Fargo & Company dropped their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley upped their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of ONE Gas by 6.3% in the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after buying an additional 272,923 shares during the last quarter. Wellington Management Group LLP raised its holdings in ONE Gas by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock valued at $258,283,000 after acquiring an additional 645,566 shares during the last quarter. Victory Capital Management Inc. lifted its stake in ONE Gas by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider’s stock worth $93,873,000 after purchasing an additional 10,189 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of ONE Gas by 1.4% during the 3rd 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 during the last quarter. Finally, Boston Trust Walden Corp grew its position in shares of ONE Gas by 10.4% in the third quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider’s stock valued at $78,082,000 after purchasing an additional 98,489 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of NYSE OGS opened at $70.38 on Wednesday. ONE Gas has a 52 week low of $57.74 and a 52 week high of $78.89. The business’s 50 day moving average price is $73.86 and its 200 day moving average price is $69.33. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The firm has a market cap of $3.99 billion, a P/E ratio of 18.33 and a beta of 0.70.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The business had revenue of $340.40 million for the quarter, compared to analysts’ expectations of $287.48 million. During the same period last year, the business earned $0.45 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, sell-side analysts expect that ONE Gas will post 3.88 earnings per share for the current year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas’s dividend payout ratio is presently 68.75%.

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.