ONE Gas, Inc. (NYSE:OGS)‘s stock had its “sell” rating reissued by equities researchers at Jefferies Group LLC in a report released on Sunday. They presently have a $62.00 price objective on the utilities provider’s stock. Jefferies Group LLC’s target price points to a potential downside of 17.12% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. BidaskClub upgraded ONE Gas from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Morgan Stanley lifted their price target on ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research downgraded ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $66.17.

ONE Gas (NYSE:OGS) opened at 74.81 on Friday. The firm has a market capitalization of $3.91 billion, a PE ratio of 26.07 and a beta of 0.11. The stock’s 50 day moving average price is $74.16 and its 200 day moving average price is $70.09. ONE Gas has a 52-week low of $55.98 and a 52-week high of $76.06.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.03. The firm had revenue of $279.69 million during the quarter, compared to analyst estimates of $257.87 million. ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. Analysts expect that ONE Gas will post $2.98 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in ONE Gas by 7,323.6% in the first quarter. BlackRock Inc. now owns 5,499,707 shares of the utilities provider’s stock valued at $371,780,000 after acquiring an additional 5,425,623 shares during the period. Vanguard Group Inc. boosted its stake in ONE Gas by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,072,922 shares of the utilities provider’s stock valued at $342,929,000 after acquiring an additional 103,662 shares during the period. State Street Corp boosted its stake in ONE Gas by 5.1% in the second quarter. State Street Corp now owns 1,824,509 shares of the utilities provider’s stock valued at $127,367,000 after acquiring an additional 88,740 shares during the period. Northern Trust Corp boosted its stake in ONE Gas by 13.1% in the second quarter. Northern Trust Corp now owns 1,289,191 shares of the utilities provider’s stock valued at $89,998,000 after acquiring an additional 149,153 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in ONE Gas by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 929,920 shares of the utilities provider’s stock valued at $62,863,000 after acquiring an additional 12,972 shares during the period. Institutional investors own 73.16% of the company’s stock.

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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