ONE Gas (NYSE:OGS) Stock Rating Lowered by StockNews.com

ONE Gas (NYSE:OGS) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Several other equities research analysts also recently weighed in on OGS. Wells Fargo & Company cut their price target on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Jefferies Financial Group initiated coverage on ONE Gas in a report on Monday, December 9th. They set a “hold” rating and a $79.00 price target on the stock. LADENBURG THALM/SH SH downgraded ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a report on Friday, December 6th. Bank of America initiated coverage on ONE Gas in a report on Friday, December 13th. They issued a “buy” rating and a $77.00 price objective on the stock. Finally, Stifel Nicolaus upped their target price on ONE Gas from $73.00 to $74.00 and gave the company 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $72.69.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $67.92 on Thursday. ONE Gas has a 52 week low of $57.74 and a 52 week high of $78.89. The business’s fifty day simple moving average is $72.35 and its 200-day simple moving average is $70.47. The firm has a market cap of $3.85 billion, a PE ratio of 17.69 and a beta of 0.71. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85.

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

Institutional Trading of ONE Gas

A number of hedge funds have recently added to or reduced their stakes in OGS. Transcendent Capital Group LLC lifted its holdings in shares of ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after buying an additional 266 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of ONE Gas by 150.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after buying an additional 349 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in ONE Gas in the 3rd quarter valued at approximately $45,000. GAMMA Investing LLC increased its stake in ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 261 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in ONE Gas by 42.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 210 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

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.