Shares of ONE Gas Inc (NYSE:OGS) have received an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $89.13.

Several brokerages have commented on OGS. Zacks Investment Research lowered shares of ONE Gas from a “hold” rating to a “sell” rating and set a $81.00 price target on the stock. in a research note on Thursday. Morgan Stanley dropped their price target on shares of ONE Gas from $72.00 to $69.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 17th. Finally, UBS Group dropped their price target on shares of ONE Gas from $91.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st.

NYSE OGS traded up $0.35 during trading hours on Tuesday, reaching $77.35. The company’s stock had a trading volume of 201,811 shares, compared to its average volume of 292,227. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.59. The business has a 50-day simple moving average of $78.71 and a 200 day simple moving average of $85.52. ONE Gas has a 52 week low of $63.67 and a 52 week high of $96.97. The stock has a market cap of $4.09 billion, a PE ratio of 22.29, a PEG ratio of 3.97 and a beta of 0.26.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, April 27th. The utilities provider reported $1.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.06). ONE Gas had a return on equity of 8.67% and a net margin of 12.16%. The business had revenue of $528.20 million during the quarter, compared to the consensus estimate of $621.40 million. During the same period in the prior year, the business earned $1.76 EPS. The business’s revenue was down 20.1% on a year-over-year basis. As a group, equities analysts predict that ONE Gas will post 3.54 EPS for the current year.

Large investors have recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in ONE Gas by 4.7% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,745 shares of the utilities provider’s stock valued at $365,000 after purchasing an additional 211 shares in the last quarter. State Street Corp grew its position in ONE Gas by 2.0% during the first quarter. State Street Corp now owns 1,877,754 shares of the utilities provider’s stock valued at $157,018,000 after purchasing an additional 36,284 shares in the last quarter. AXA purchased a new position in ONE Gas during the first quarter valued at approximately $3,219,000. New Mexico Educational Retirement Board grew its position in ONE Gas by 38.5% in the first quarter. New Mexico Educational Retirement Board now owns 12,600 shares of the utilities provider’s stock worth $1,054,000 after acquiring an additional 3,500 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its position in ONE Gas by 10.3% in the first quarter. State of Tennessee Treasury Department now owns 30,485 shares of the utilities provider’s stock worth $2,549,000 after acquiring an additional 2,851 shares in the last quarter. Institutional investors own 79.13% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc 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 serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.

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Analyst Recommendations for ONE Gas (NYSE:OGS)

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