ONE Gas (NYSE:OGS) had its target price reduced by analysts at Morgan Stanley from $85.00 to $83.00 in a note issued to investors on Friday, AnalystRatings.com reports. The firm currently has an “underweight” rating on the utilities provider’s stock. Morgan Stanley’s price target suggests a potential downside of 3.85% from the company’s current price.
OGS has been the topic of a number of other research reports. ValuEngine downgraded ONE Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group upgraded ONE Gas from a “sell” rating to a “neutral” rating and set a $90.00 price target on the stock in a research report on Tuesday, September 10th. Finally, Mizuho began coverage on ONE Gas in a research report on Wednesday, October 16th. They set a “neutral” rating and a $96.00 price target on the stock. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. ONE Gas presently has a consensus rating of “Hold” and a consensus target price of $89.67.
NYSE OGS traded down $1.35 during trading hours on Friday, reaching $86.32. 206,328 shares of the stock traded hands, compared to its average volume of 203,160. The stock has a 50 day simple moving average of $93.89 and a two-hundred day simple moving average of $90.91. ONE Gas has a 1 year low of $75.51 and a 1 year high of $96.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.57 and a quick ratio of 0.40. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 4.14 and a beta of 0.26.
ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). ONE Gas had a net margin of 10.83% and a return on equity of 8.63%. The firm had revenue of $248.56 million for the quarter, compared to analysts’ expectations of $254.15 million. During the same quarter in the previous year, the business earned $0.31 EPS. On average, sell-side analysts forecast that ONE Gas will post 3.5 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in OGS. Alpha Windward LLC purchased a new position in shares of ONE Gas in the second quarter worth about $26,000. NumerixS Investment Technologies Inc purchased a new position in shares of ONE Gas in the second quarter worth about $27,000. Steward Partners Investment Advisory LLC purchased a new position in shares of ONE Gas in the second quarter worth about $31,000. North Star Investment Management Corp. purchased a new position in shares of ONE Gas in the third quarter worth about $31,000. Finally, Nomura Asset Management Co. Ltd. purchased a new position in shares of ONE Gas in the second quarter worth about $47,000. Hedge funds and other institutional investors own 75.50% of the company’s stock.
ONE Gas Company Profile
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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