ONE Gas (NYSE:OGS) Downgraded to Sell Rating by StockNews.com

ONE Gas (NYSE:OGS) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Other analysts also recently issued reports about the stock. Jefferies Financial Group began coverage on shares of ONE Gas in a report on Monday, December 9th. They set a “hold” rating and a $79.00 price objective for the company. Bank of America began coverage on shares of ONE Gas in a report on Friday, December 13th. They set a “buy” rating and a $77.00 price target for the company. LADENBURG THALM/SH SH cut ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research report on Friday, December 6th. Stifel Nicolaus increased their target price on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, Morgan Stanley lifted their price target on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $72.69.

ONE Gas Trading Up 0.2 %

ONE Gas stock opened at $68.21 on Thursday. ONE Gas has a one year low of $57.74 and a one year high of $78.89. The company’s fifty day moving average price is $72.53 and its two-hundred day moving average price is $70.45. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 17.76 and a beta of 0.71.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 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 company had revenue of $340.40 million for the quarter, compared to analyst estimates of $287.48 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue was up 1.4% on a year-over-year basis. On average, analysts forecast that ONE Gas will post 3.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Transcendent Capital Group LLC raised its stake in shares of ONE Gas by 266.0% in the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after buying an additional 266 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 349 shares during the period. GAMMA Investing LLC raised its position in ONE Gas by 75.2% in the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 261 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in ONE Gas during the third quarter worth about $45,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings 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 valued at $53,000 after purchasing an additional 210 shares in the last quarter. 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.