Brokerages Set ONE Gas, Inc. (NYSE:OGS) Target Price at $66.92

Shares of ONE Gas, Inc. (NYSE:OGS) have received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $68.30.

Several research firms recently weighed in on OGS. Morgan Stanley lifted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Finally, Wells Fargo & Company raised their price target on shares of ONE Gas from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th.

ONE Gas Stock Down 0.7 %

ONE Gas stock opened at $73.06 on Tuesday. ONE Gas has a fifty-two week low of $55.50 and a fifty-two week high of $74.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41. The firm has a 50 day moving average price of $71.61 and a 200 day moving average price of $66.76. The company has a market capitalization of $4.14 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 3.82 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its earnings results 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 net margin of 10.83% and a return on equity of 8.04%. The company had revenue of $354.14 million during the quarter, compared to analyst estimates of $362.06 million. During the same quarter last year, the business posted $0.58 EPS. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis. Research analysts expect that ONE Gas will post 3.86 earnings per share for the current year.

Hedge Funds Weigh In On ONE Gas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC purchased a new position in ONE Gas in the 2nd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its position in shares of ONE Gas by 150.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 349 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of ONE Gas by 75.2% during the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 261 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of ONE Gas by 147.8% during the 1st quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 479 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of ONE Gas during the 2nd quarter worth $64,000. Hedge funds and other 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.