ONE Gas (NYSE:OGS) had its price target hoisted by Morgan Stanley from $66.00 to $69.00 in a research note released on Monday. The firm currently has an underweight rating on the utilities provider’s stock.
Other equities analysts also recently issued research reports about the company. Wells Fargo set a $69.00 price objective on ONE Gas and gave the company a hold rating in a research report on Tuesday, February 13th. Bank of America reaffirmed an underperform rating on shares of ONE Gas in a research report on Tuesday, February 27th. Jefferies Group reaffirmed a sell rating and issued a $63.00 price objective on shares of ONE Gas in a research report on Wednesday, December 20th. Finally, Zacks Investment Research downgraded ONE Gas from a buy rating to a hold rating in a research report on Wednesday, January 3rd. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company’s stock. ONE Gas presently has an average rating of Hold and an average target price of $71.60.
NYSE:OGS opened at $67.67 on Monday. ONE Gas has a fifty-two week low of $62.20 and a fifty-two week high of $79.51. The firm has a market cap of $3,579.98, a P/E ratio of 22.92, a P/E/G ratio of 3.94 and a beta of 0.15. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.68 and a current ratio of 0.87.
ONE Gas (NYSE:OGS) last released its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.89 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.89. ONE Gas had a return on equity of 8.31% and a net margin of 10.59%. The company had revenue of $462.39 million for the quarter, compared to analyst estimates of $445.30 million. During the same quarter in the prior year, the firm posted $0.80 EPS. sell-side analysts forecast that ONE Gas will post 3.11 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. bought a new position in shares of ONE Gas during the 4th quarter worth $156,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of ONE Gas during the 4th quarter worth $205,000. Signition LP bought a new position in shares of ONE Gas during the 4th quarter worth $211,000. Zeke Capital Advisors LLC bought a new position in shares of ONE Gas during the 4th quarter worth $238,000. Finally, Virtu Financial LLC bought a new position in shares of ONE Gas during the 4th quarter worth $240,000. 74.41% of the stock is currently owned by institutional investors and hedge funds.
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About ONE Gas
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