Shares of ONE Gas Inc. (NYSE:OGS) have received an average rating of “Hold” from the seven ratings firms that are presently covering the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $59.00.
A number of research analysts recently issued reports on the company. BB&T Corp. assumed coverage on ONE Gas in a report on Wednesday, June 22nd. They issued a “hold” rating for the company. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Wednesday, July 13th. Jefferies Group lowered ONE Gas from a “hold” rating to an “underperform” rating and set a $53.00 target price for the company. in a report on Monday, July 25th. Finally, Wells Fargo & Co. initiated coverage on ONE Gas in a report on Tuesday, August 30th. They set a “market perform” rating for the company.
In other news, Director Eduardo A. Rodriguez sold 1,325 shares of ONE Gas stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $60.96, for a total transaction of $80,772.00. Following the sale, the director now 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 can be accessed through the SEC website. Company insiders own 1.25% of the company’s stock.
Several hedge funds have recently bought and sold shares of OGS. Norges Bank purchased a new stake in ONE Gas during the fourth quarter worth approximately $31,344,000. Aperio Group LLC boosted its stake in ONE Gas by 22.6% in the first quarter. Aperio Group LLC now owns 102,850 shares of the company’s stock worth $6,284,000 after buying an additional 18,981 shares during the period. Virginia Retirement System purchased a new stake in ONE Gas during the first quarter worth approximately $1,564,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in ONE Gas by 65.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,082 shares of the company’s stock worth $799,000 after buying an additional 5,159 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in ONE Gas by 19.0% in the first quarter. TIAA CREF Investment Management LLC now owns 200,605 shares of the company’s stock worth $12,257,000 after buying an additional 31,970 shares during the period. Institutional investors and hedge funds own 71.71% of the company’s stock.
Shares of ONE Gas (NYSE:OGS) opened at 58.42 on Monday. The stock has a 50 day moving average price of $61.93 and a 200-day moving average price of $61.70. The stock has a market cap of $3.05 billion, a P/E ratio of 23.48 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 released its earnings results on Monday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.07. The firm earned $245.92 million during the quarter, compared to analyst estimates of $289.73 million. ONE Gas had a return on equity of 7.12% and a net margin of 9.61%. ONE Gas’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. Equities analysts predict that ONE Gas will post $2.60 EPS for the current fiscal year.