ONE Gas Inc. (NYSE:OGS) Receives $59.00 Consensus Target Price from Analysts
ONE Gas Inc. (NYSE:OGS) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $59.00.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Friday, September 2nd. Jefferies Group cut ONE Gas from a “hold” rating to an “underperform” rating and set a $53.00 target price on the stock. in a report on Monday, July 25th. Wells Fargo & Co. assumed coverage on ONE Gas in a report on Tuesday, August 30th. They set a “market perform” rating on the stock. Finally, BB&T Corp. assumed coverage on ONE Gas in a report on Wednesday, June 22nd. They set a “hold” rating on the stock.
ONE Gas (NYSE:OGS) opened at 56.94 on Monday. The company’s 50-day moving average price is $61.65 and its 200-day moving average price is $61.66. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 22.89 and a beta of 0.11. ONE Gas has a 52 week low of $45.57 and a 52 week high of $67.35.
ONE Gas (NYSE:OGS) last issued its earnings results on Monday, August 1st. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.07. The business had revenue of $245.92 million for the quarter, compared to analysts’ expectations of $289.73 million. ONE Gas had a return on equity of 7.12% and a net margin of 9.61%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. Equities analysts forecast that ONE Gas will post $2.60 earnings per share for the current fiscal year.
In related news, Director Eduardo A. Rodriguez sold 1,325 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $60.96, for a total value of $80,772.00. Following the transaction, the director now directly owns 8,060 shares in the company, valued at $491,337.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.25% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. purchased a new stake in shares of ONE Gas during the first quarter worth about $122,000. LS Investment Advisors LLC raised its stake in shares of ONE Gas by 72.5% in the second quarter. LS Investment Advisors LLC now owns 3,118 shares of the company’s stock worth $208,000 after buying an additional 1,310 shares during the last quarter. CT Mason purchased a new stake in shares of ONE Gas during the second quarter worth about $222,000. Winslow Evans & Crocker Inc. raised its stake in shares of ONE Gas by 2,595.5% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,558 shares of the company’s stock worth $237,000 after buying an additional 3,426 shares during the last quarter. Finally, Invictus RG purchased a new stake in shares of ONE Gas during the first quarter worth about $254,000. Hedge funds and other institutional investors own 71.71% of the company’s stock.
About ONE Gas
ONE Gas, Inc is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma, Kansas and Texas. The Company operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers.
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