ONE Gas, Inc. (NYSE:OGS) Receives $72.69 Average Target Price from Analysts

Shares of ONE Gas, Inc. (NYSE:OGS) have earned an average rating of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $72.69.

A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. LADENBURG THALM/SH SH lowered ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a research note on Friday, December 6th. Wells Fargo & Company dropped their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, January 1st. Finally, Jefferies Financial Group initiated coverage on ONE Gas in a report on Monday, December 9th. They issued a “hold” rating and a $79.00 target price on the stock.

ONE Gas Price Performance

ONE Gas stock opened at $67.97 on Friday. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 17.70 and a beta of 0.71. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. ONE Gas has a 12 month low of $57.74 and a 12 month high of $78.89. The stock’s 50 day moving average is $72.63 and its 200-day moving average is $70.40.

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

ONE Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were paid a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.88%. ONE Gas’s dividend payout ratio is 68.75%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OGS. Range Financial Group LLC bought a new stake in shares of ONE Gas in the 4th quarter valued at about $1,373,000. Diversified Trust Co lifted its stake in shares of ONE Gas by 4.6% in the fourth quarter. Diversified Trust Co now owns 10,431 shares of the utilities provider’s stock worth $722,000 after acquiring an additional 461 shares during the period. Oddo BHF Asset Management Sas bought a new stake in ONE Gas in the third quarter valued at approximately $3,135,000. Franklin Resources Inc. increased its position in ONE Gas by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider’s stock valued at $50,785,000 after purchasing an additional 31,045 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in ONE Gas during the 3rd quarter worth approximately $45,000. 88.71% of the stock is owned by institutional investors.

ONE Gas Company Profile

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.