ONE Gas, Inc. (OGS) Receives Consensus Rating of “Hold” from Analysts
Shares of ONE Gas, Inc. (NYSE:OGS) have been assigned a consensus rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $65.67.
A number of equities analysts recently issued reports on OGS shares. Zacks Investment Research raised shares of ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Wednesday, May 10th. BidaskClub raised shares of ONE Gas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Morgan Stanley boosted their target price on shares of ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research report on Thursday, August 10th.
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A number of large investors have recently made changes to their positions in OGS. Capstone Asset Management Co. raised its stake in shares of ONE Gas by 3.8% in the first quarter. Capstone Asset Management Co. now owns 4,112 shares of the utilities provider’s stock valued at $278,000 after buying an additional 150 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of ONE Gas by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the utilities provider’s stock valued at $892,000 after buying an additional 300 shares during the period. Duff & Phelps Investment Management Co. raised its stake in shares of ONE Gas by 312.5% in the first quarter. Duff & Phelps Investment Management Co. now owns 197,095 shares of the utilities provider’s stock valued at $13,324,000 after buying an additional 149,310 shares during the period. James Investment Research Inc. acquired a new stake in shares of ONE Gas during the first quarter valued at about $150,000. Finally, Russell Investments Group Ltd. raised its stake in shares of ONE Gas by 169.7% in the first quarter. Russell Investments Group Ltd. now owns 124,625 shares of the utilities provider’s stock valued at $8,421,000 after buying an additional 78,418 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.
ONE Gas (NYSE:OGS) opened at 73.96 on Friday. The company has a market capitalization of $3.87 billion, a P/E ratio of 25.77 and a beta of 0.12. ONE Gas has a 1-year low of $55.98 and a 1-year high of $74.84. The firm’s 50-day moving average is $71.92 and its 200-day moving average is $68.91.
ONE Gas (NYSE:OGS) last announced its earnings results on Monday, July 31st. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.03. ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The company had revenue of $279.69 million for the quarter, compared to the consensus estimate of $257.87 million. During the same period last year, the firm posted $0.38 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. Equities research analysts predict that ONE Gas will post $2.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.27%. The ex-dividend date is Thursday, August 10th. ONE Gas’s dividend payout ratio (DPR) is presently 58.54%.
About ONE Gas
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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