ONE Gas (NYSE:OGS) Now Covered by Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group began coverage on shares of ONE Gas (NYSE:OGS) in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage set a “hold” rating and a $79.00 price target on the utilities provider’s stock. Jefferies Financial Group’s price target points to a potential upside of 10.20% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company lowered their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus boosted their target price on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, December 6th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Finally, LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price on the stock. in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $72.07.

ONE Gas Stock Performance

Shares of OGS stock opened at $71.69 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. ONE Gas has a 52 week low of $57.74 and a 52 week high of $78.89. The company has a market capitalization of $4.06 billion, a P/E ratio of 18.67 and a beta of 0.70. The company’s 50 day moving average price is $74.01 and its two-hundred day moving average price is $69.24.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. During the same quarter last year, the business earned $0.45 earnings per share. ONE Gas’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts expect that ONE Gas will post 3.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ONE Gas

A number of institutional investors have recently modified their holdings of the business. Crossmark Global Holdings Inc. raised its stake in ONE Gas by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock worth $278,000 after acquiring an additional 159 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in ONE Gas by 42.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 210 shares in the last quarter. CWM LLC raised its stake in ONE Gas by 17.3% during the third quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 248 shares in the last quarter. GAMMA Investing LLC raised its stake in ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 261 shares in the last quarter. Finally, Transcendent Capital Group LLC raised its stake in ONE Gas by 266.0% during the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 266 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

About ONE Gas

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.