ONE Gas (NYSE:OGS) Price Target Increased to $64.00 by Analysts at Mizuho

ONE Gas (NYSE:OGS) had its price objective increased by research analysts at Mizuho from $63.00 to $64.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. Mizuho’s price target points to a potential downside of 0.17% from the company’s previous close.

Several other analysts also recently weighed in on OGS. Wells Fargo & Company lifted their target price on shares of ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Morgan Stanley lifted their target price on shares of ONE Gas from $57.00 to $58.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. UBS Group assumed coverage on shares of ONE Gas in a report on Friday, April 12th. They issued a “sell” rating and a $61.00 target price on the stock. Finally, LADENBURG THALM/SH SH raised shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price on the stock in a report on Tuesday, March 5th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, ONE Gas currently has a consensus rating of “Hold” and an average target price of $64.56.

ONE Gas Stock Up 2.9 %

Shares of NYSE OGS traded up $1.82 during mid-day trading on Friday, reaching $64.11. The company had a trading volume of 168,866 shares, compared to its average volume of 429,493. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 0.78. The firm has a 50 day simple moving average of $61.88 and a two-hundred day simple moving average of $62.35. The stock has a market cap of $3.63 billion, a P/E ratio of 15.50, a PEG ratio of 3.18 and a beta of 0.65. ONE Gas has a 52-week low of $55.50 and a 52-week high of $83.89.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.27. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The company had revenue of $605.90 million for the quarter, compared to the consensus estimate of $751.77 million. During the same period last year, the firm posted $1.23 EPS. ONE Gas’s revenue for the quarter was down 26.0% on a year-over-year basis. Sell-side analysts predict that ONE Gas will post 3.86 earnings per share for the current year.

Hedge Funds Weigh In On ONE Gas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OGS. HighTower Advisors LLC raised its position in ONE Gas by 1.8% during the first quarter. HighTower Advisors LLC now owns 11,783 shares of the utilities provider’s stock worth $1,038,000 after acquiring an additional 211 shares during the last quarter. AlphaCrest Capital Management LLC raised its position in shares of ONE Gas by 34.8% in the first quarter. AlphaCrest Capital Management LLC now owns 4,448 shares of the utilities provider’s stock valued at $392,000 after buying an additional 1,148 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of ONE Gas by 5.1% in the first quarter. Natixis Advisors L.P. now owns 14,201 shares of the utilities provider’s stock valued at $1,253,000 after buying an additional 684 shares during the last quarter. Bank of Montreal Can raised its position in shares of ONE Gas by 2.9% in the first quarter. Bank of Montreal Can now owns 24,354 shares of the utilities provider’s stock valued at $2,157,000 after buying an additional 682 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new position in shares of ONE Gas in the first quarter valued at approximately $872,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

About ONE Gas

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.