ONE Gas, Inc. (NYSE:OGS) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $65.60.

A number of equities research analysts recently issued reports on the company. BidaskClub raised ONE Gas from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Morgan Stanley upped their target price on ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. UBS AG lowered ONE Gas from a “neutral” rating to a “sell” rating and upped their target price for the company from $71.00 to $72.00 in a research note on Monday, October 2nd. Finally, Jefferies Group LLC reaffirmed a “sell” rating and issued a $62.00 target price on shares of ONE Gas in a research note on Sunday, September 10th.

Shares of ONE Gas (NYSE OGS) opened at 76.98 on Wednesday. The firm has a market cap of $4.02 billion, a PE ratio of 26.82 and a beta of 0.10. The company has a 50 day moving average price of $74.81 and a 200 day moving average price of $72.30. ONE Gas has a 12-month low of $56.64 and a 12-month high of $78.26.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. ONE Gas had a return on equity of 8.23% and a net margin of 10.42%. The firm had revenue of $247.14 million for the quarter, compared to analyst estimates of $242.75 million. During the same quarter in the prior year, the company earned $0.24 EPS. On average, analysts forecast that ONE Gas will post $2.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, November 10th. ONE Gas’s dividend payout ratio is presently 56.19%.

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Several institutional investors have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of ONE Gas by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,654 shares of the utilities provider’s stock worth $534,000 after purchasing an additional 23 shares during the period. US Bancorp DE lifted its stake in shares of ONE Gas by 0.4% during the 2nd quarter. US Bancorp DE now owns 7,589 shares of the utilities provider’s stock worth $530,000 after purchasing an additional 28 shares during the period. Capstone Asset Management Co. lifted its stake in shares of ONE Gas by 1.0% during the 2nd quarter. Capstone Asset Management Co. now owns 4,152 shares of the utilities provider’s stock worth $290,000 after purchasing an additional 40 shares during the period. Suntrust Banks Inc. lifted its stake in shares of ONE Gas by 1.3% during the 2nd quarter. Suntrust Banks Inc. now owns 6,241 shares of the utilities provider’s stock worth $435,000 after purchasing an additional 81 shares during the period. Finally, Amalgamated Bank lifted its stake in shares of ONE Gas by 1.4% during the 2nd quarter. Amalgamated Bank now owns 7,428 shares of the utilities provider’s stock worth $519,000 after purchasing an additional 102 shares during the period. 73.06% of the stock is currently owned by institutional investors.

ONE Gas Company Profile

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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