ONE Gas Inc. (OGS) Upgraded to Hold at Jefferies Group
Jefferies Group upgraded shares of ONE Gas Inc. (NYSE:OGS) from an underperform rating to a hold rating in a research report report published on Thursday. They currently have $53.00 target price on the stock.
A number of other research firms also recently commented on OGS. BB&T Corp. initiated coverage on shares of ONE Gas in a report on Wednesday, June 22nd. They set a hold rating for the company. Zacks Investment Research upgraded shares of ONE Gas from a hold rating to a buy rating and set a $71.00 target price for the company in a research report on Thursday, August 4th. Finally, Wells Fargo & Co. assumed coverage on shares of ONE Gas in a research report on Tuesday, August 30th. They set a market perform rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $59.00.
ONE Gas (NYSE:OGS) traded up 0.68% during mid-day trading on Thursday, reaching $59.60. 58,369 shares of the company’s stock traded hands. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 23.95 and a beta of 0.11. ONE Gas has a 52-week low of $45.57 and a 52-week high of $67.35. The company has a 50-day moving average of $61.16 and a 200-day moving average of $61.61.
ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, August 1st. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The company earned $245.92 million during the quarter, compared to the consensus estimate of $289.73 million. ONE Gas had a net margin of 9.61% and a return on equity of 7.12%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS. Equities research analysts expect that ONE Gas will post $2.60 EPS for the current year.
In other ONE Gas news, Director Eduardo A. Rodriguez sold 1,325 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $60.96, for a total value of $80,772.00. Following the completion of the sale, the director now owns 8,060 shares in the company, valued at approximately $491,337.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.25% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of OGS. Dorsey Wright & Associates boosted its stake in ONE Gas by 0.4% in the third quarter. Dorsey Wright & Associates now owns 19,899 shares of the company’s stock valued at $1,231,000 after buying an additional 71 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in ONE Gas by 0.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 28,480 shares of the company’s stock valued at $1,896,000 after buying an additional 100 shares during the last quarter. State Treasurer State of Michigan boosted its stake in ONE Gas by 0.5% in the second quarter. State Treasurer State of Michigan now owns 20,957 shares of the company’s stock valued at $1,396,000 after buying an additional 100 shares during the last quarter. Capstone Asset Management Co. boosted its stake in ONE Gas by 2.7% in the second quarter. Capstone Asset Management Co. now owns 4,532 shares of the company’s stock valued at $302,000 after buying an additional 120 shares during the last quarter. Finally, Creative Planning boosted its stake in ONE Gas by 0.8% in the third quarter. Creative Planning now owns 16,266 shares of the company’s stock valued at $1,006,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 71.73% of the company’s stock.
ONE Gas Company Profile
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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