Shares of ONE Gas Inc (NYSE:OGS) have been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $70.00.
A number of research analysts have recently commented on OGS shares. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Wednesday, November 8th. Morgan Stanley raised their price target on ONE Gas from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. Finally, Jefferies Group reissued a “sell” rating and set a $63.00 price target on shares of ONE Gas in a report on Wednesday, December 20th.
ONE Gas (NYSE:OGS) opened at $65.90 on Friday. The company has a market capitalization of $3,462.61, a price-to-earnings ratio of 22.04, a PEG ratio of 3.66 and a beta of 0.03. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. ONE Gas has a fifty-two week low of $63.06 and a fifty-two week high of $79.51.
Large investors have recently added to or reduced their stakes in the stock. Signition LP acquired a new position in ONE Gas during the fourth quarter worth about $211,000. Cubist Systematic Strategies LLC acquired a new position in ONE Gas during the second quarter worth about $243,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ONE Gas by 45.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,593 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 1,125 shares during the period. First Citizens Bank & Trust Co. acquired a new position in ONE Gas during the fourth quarter worth about $285,000. Finally, Shelton Capital Management acquired a new position in ONE Gas during the second quarter worth about $272,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
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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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