ONE Gas Inc. (NYSE:OGS) was upgraded by research analysts at Jefferies Group from an “underperform” rating to a “hold” rating in a report issued on Thursday. The firm presently has a $53.00 price target on the stock. Jefferies Group’s price objective indicates a potential downside of 10.86% from the stock’s previous close.
Several other equities research analysts also recently weighed in on OGS. BB&T Corp. started coverage on ONE Gas in a report on Wednesday, June 22nd. They set 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 price objective for the company in a research report on Wednesday, July 13th. Finally, Wells Fargo & Co. began coverage on ONE Gas in a research report on Tuesday, August 30th. They issued a “market perform” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued 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) opened at 59.46 on Thursday. The stock’s 50 day moving average is $61.07 and its 200 day moving average is $61.60. ONE Gas has a 12 month low of $45.57 and a 12 month high of $67.35. The firm has a market cap of $3.11 billion, a PE ratio of 23.90 and a beta of 0.12.
ONE Gas (NYSE:OGS) last issued its quarterly 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. ONE Gas had a return on equity of 7.12% and a net margin of 9.61%. The firm earned $245.92 million during the quarter, compared to the consensus estimate of $289.73 million. During the same period last year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities analysts forecast that ONE Gas will post $2.60 earnings per share for the current year.
In other ONE Gas news, Director Eduardo A. Rodriguez sold 1,325 shares of the stock in a transaction 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 completion of the transaction, the director now owns 8,060 shares in the company, valued at $491,337.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.25% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AMP Capital Investors Ltd purchased a new position in shares of ONE Gas during the first quarter worth $317,000. Geode Capital Management LLC boosted its position in shares of ONE Gas by 15.7% in the first quarter. Geode Capital Management LLC now owns 432,957 shares of the company’s stock worth $26,453,000 after buying an additional 58,664 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of ONE Gas by 50.1% in the first quarter. Goldman Sachs Group Inc. now owns 206,384 shares of the company’s stock worth $12,610,000 after buying an additional 68,916 shares in the last quarter. Affinity Wealth Management boosted its position in shares of ONE Gas by 3.9% in the first quarter. Affinity Wealth Management now owns 4,744 shares of the company’s stock worth $290,000 after buying an additional 179 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of ONE Gas by 1.7% in the first quarter. UBS Group AG now owns 19,012 shares of the company’s stock worth $1,162,000 after buying an additional 315 shares in the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.
ONE Gas Company Profile