ONE Gas Inc (NYSE:OGS) shares reached a new 52-week high on Thursday . The stock traded as high as $80.80 and last traded at $80.55, with a volume of 4493 shares traded. The stock had previously closed at $80.28.
Several research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on ONE Gas from $70.00 to $76.00 and gave the stock an “underweight” rating in a research report on Monday, July 16th. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Friday, June 22nd. Finally, Jefferies Financial Group reissued a “$75.39” rating and issued a $67.00 price objective on shares of ONE Gas in a research report on Wednesday, July 18th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and an average target price of $73.40.
The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 4.24 and a beta of 0.18.
ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, July 30th. The utilities provider reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.07. ONE Gas had a return on equity of 8.85% and a net margin of 10.80%. The firm had revenue of $292.52 million during the quarter, compared to analyst estimates of $275.30 million. During the same period last year, the company posted $0.39 EPS. equities analysts anticipate that ONE Gas Inc will post 3.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Monday, August 13th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, August 10th. ONE Gas’s dividend payout ratio (DPR) is presently 62.37%.
Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. grew its stake in shares of ONE Gas by 385.6% in the 1st quarter. Meeder Asset Management Inc. now owns 1,918 shares of the utilities provider’s stock valued at $127,000 after buying an additional 1,523 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of ONE Gas in the 2nd quarter valued at about $142,000. Cullen Frost Bankers Inc. acquired a new stake in shares of ONE Gas in the 1st quarter valued at about $219,000. Quantbot Technologies LP acquired a new stake in shares of ONE Gas in the 1st quarter valued at about $241,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of ONE Gas in the 2nd quarter valued at about $245,000. 74.23% of the stock is owned by hedge funds and other institutional investors.
ONE Gas Company Profile (NYSE:OGS)
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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