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

ONE Gas (NYSE:OGS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities analysts have also recently commented on OGS. Stifel Nicolaus upped their price target on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday, December 6th. Wells Fargo & Company cut their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Bank of America started coverage on shares of ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 price target on the stock. LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research note on Friday, December 6th. Finally, Jefferies Financial Group decreased their target price on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $72.31.

ONE Gas Stock Performance

ONE Gas stock traded down $0.03 during trading hours on Thursday, reaching $72.39. 932,485 shares of the company were exchanged, compared to its average volume of 426,636. ONE Gas has a 12 month low of $57.74 and a 12 month high of $78.89. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 3.67 and a beta of 0.72. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average of $70.14 and a 200 day moving average of $71.42.

ONE Gas (NYSE:OGS) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.34. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The firm had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. As a group, research analysts anticipate that ONE Gas will post 3.89 earnings per share for the current year.

Hedge Funds Weigh In On ONE Gas

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. increased its stake in shares of ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider’s stock valued at $26,000 after buying an additional 362 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in ONE Gas in the 4th quarter valued at about $26,000. Transcendent Capital Group LLC lifted its position in shares of ONE Gas by 266.0% during the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 266 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of ONE Gas during the fourth quarter valued at approximately $35,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of ONE Gas during the third quarter valued at approximately $45,000. Institutional investors and hedge funds 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.