StockNews.com Upgrades ONE Gas (NYSE:OGS) to “Hold”

ONE Gas (NYSE:OGS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

OGS has been the subject of several other research reports. Morgan Stanley boosted their target price 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. Wells Fargo & Company boosted their target price on shares of ONE Gas from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, ONE Gas presently has an average rating of “Hold” and a consensus price target of $68.10.

ONE Gas Stock Performance

ONE Gas stock opened at $74.34 on Tuesday. The firm’s fifty day moving average price is $72.24 and its 200 day moving average price is $67.29. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 3.62 and a beta of 0.67. ONE Gas has a 12-month low of $55.50 and a 12-month high of $75.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. ONE Gas’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. On average, research analysts forecast that ONE Gas will post 3.86 EPS for the current fiscal year.

Institutional Investors Weigh In On ONE Gas

A number of institutional investors have recently modified their holdings of OGS. Transcendent Capital Group LLC grew its position in shares of ONE Gas by 266.0% during 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 last quarter. Rothschild Investment LLC acquired a new position in ONE Gas during the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its stake in ONE Gas by 150.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 349 shares during the period. GAMMA Investing LLC boosted its stake in ONE Gas by 75.2% during 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 during the period. Finally, Coastline Trust Co acquired a new position in ONE Gas during the 3rd quarter valued at about $60,000. Institutional investors own 88.71% of the company’s stock.

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.