ONE Gas, Inc. (NYSE:OGS – Get Rating) has received a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $87.50.
A number of brokerages have weighed in on OGS. Morgan Stanley lowered their price objective on ONE Gas from $89.00 to $87.00 and set an "equal weight" rating for the company in a research note on Thursday, September 22nd. Mizuho dropped their price target on ONE Gas from $92.00 to $90.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 3rd. StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, August 10th. Finally, Wells Fargo & Company dropped their target price on shares of ONE Gas from $98.00 to $90.00 and set an "overweight" rating on the stock in a report on Thursday, September 22nd.
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Insider Buying and Selling
In other news, Director Eduardo A. Rodriguez sold 800 shares of ONE Gas stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $76.58, for a total value of $61,264.00. Following the transaction, the director now owns 10,019 shares of the company's stock, valued at approximately $767,255.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.38% of the company's stock.
Hedge Funds Weigh In On ONE Gas
Institutional investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. lifted its position in shares of ONE Gas by 206.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 306 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 206 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of ONE Gas by 85.0% during the second quarter. Quadrant Capital Group LLC now owns 346 shares of the utilities provider's stock valued at $28,000 after buying an additional 159 shares in the last quarter. Venture Visionary Partners LLC purchased a new position in shares of ONE Gas during the second quarter valued at $34,000. Lazard Asset Management LLC purchased a new position in shares of ONE Gas during the second quarter valued at $47,000. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of ONE Gas during the first quarter valued at $53,000. Hedge funds and other institutional investors own 83.60% of the company's stock.
ONE Gas Price Performance
OGS stock opened at $70.39 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.84 and a current ratio of 0.92. ONE Gas has a 1 year low of $63.22 and a 1 year high of $92.26. The firm has a market cap of $3.81 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 3.55 and a beta of 0.55. The stock has a 50-day simple moving average of $80.48 and a 200-day simple moving average of $83.25.
ONE Gas (NYSE:OGS – Get Rating) last posted its earnings results on Monday, August 1st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.03). ONE Gas had a net margin of 9.34% and a return on equity of 8.85%. The company had revenue of $428.98 million during the quarter, compared to analyst estimates of $328.48 million. During the same quarter last year, the business posted $0.56 EPS. ONE Gas's quarterly revenue was up 35.9% compared to the same quarter last year. On average, equities analysts predict that ONE Gas will post 4.07 earnings per share for the current fiscal year.
ONE Gas Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Friday, August 12th. ONE Gas's dividend payout ratio is currently 63.27%.
About ONE Gas
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ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It provides natural gas distribution services to 2.2 million customers in three states.
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