ONE Gas Inc. (OGS) Sees Unusually-High Trading Volume
ONE Gas Inc. (NYSE:OGS) shares saw unusually-high trading volume on Wednesday . Approximately 363,902 shares changed hands during trading, an increase of 133% from the previous session’s volume of 156,261 shares.The stock last traded at $60.89 and had previously closed at $60.77.
OGS has been the subject of several analyst reports. Zacks Investment Research cut ONE Gas from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Jefferies Group cut ONE Gas from a “hold” rating to an “underperform” rating and set a $53.00 price objective for the company. in a research report on Monday, July 25th. Finally, BB&T Corp. started coverage on ONE Gas in a research report on Wednesday, June 22nd. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $59.50.
The stock’s 50 day moving average price is $64.75 and its 200 day moving average price is $60.86. The stock has a market capitalization of $3.20 billion and a PE ratio of 24.63.
ONE Gas (NYSE:OGS) last posted its earnings results on Monday, August 1st. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.07. The business had revenue of $245.92 million for the quarter, compared to the consensus estimate of $289.73 million. The company’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. Equities analysts anticipate that ONE Gas Inc. will post $2.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, August 11th.
A number of large investors have bought and sold shares of the company. New York State Common Retirement Fund raised its stake in ONE Gas by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 49,500 shares of the company’s stock worth $2,483,000 after buying an additional 1,500 shares during the last quarter. Morgan Stanley raised its stake in ONE Gas by 5.5% in the fourth quarter. Morgan Stanley now owns 311,520 shares of the company’s stock worth $15,629,000 after buying an additional 16,167 shares in the last quarter. Bank of Montreal Can raised its stake in ONE Gas by 13.0% in the fourth quarter. Bank of Montreal Can now owns 23,089 shares of the company’s stock worth $1,158,000 after buying an additional 2,650 shares in the last quarter. Victory Capital Management Inc. raised its stake in ONE Gas by 6,449.0% in the fourth quarter. Victory Capital Management Inc. now owns 439,834 shares of the company’s stock worth $22,067,000 after buying an additional 433,118 shares in the last quarter. Finally, Ancora Advisors LLC raised its stake in ONE Gas by 8.4% in the fourth quarter. Ancora Advisors LLC now owns 79,717 shares of the company’s stock worth $3,286,000 after buying an additional 6,186 shares in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.