ONE Gas, Inc. (NYSE:OGS) Receives Average Recommendation of “Reduce” from Analysts

ONE Gas, Inc. (NYSE:OGS) has been assigned a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $65.69.

OGS has been the subject of several research reports. Wells Fargo & Company boosted their price objective on ONE Gas from $68.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Morgan Stanley reduced their target price on shares of ONE Gas from $61.00 to $58.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. Finally, Mizuho boosted their price target on shares of ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th.

ONE Gas Stock Down 1.2 %

ONE Gas stock opened at $66.89 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.39. The stock has a market capitalization of $3.78 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 3.62 and a beta of 0.66. The business has a 50 day simple moving average of $64.64 and a 200-day simple moving average of $63.09. ONE Gas has a 12 month low of $55.50 and a 12 month high of $75.89.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). ONE Gas had a return on equity of 8.37% and a net margin of 10.86%. The company had revenue of $354.14 million for the quarter, compared to analyst estimates of $362.06 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The business’s revenue was down 11.0% on a year-over-year basis. On average, analysts anticipate that ONE Gas will post 3.85 EPS for the current fiscal year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be issued a $0.66 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $2.64 annualized dividend and a yield of 3.95%. ONE Gas’s payout ratio is 65.19%.

Institutional Trading of ONE Gas

A number of hedge funds and other institutional investors have recently made changes to their positions in OGS. MQS Management LLC purchased a new position in ONE Gas in the second quarter worth approximately $205,000. Hsbc Holdings PLC grew its holdings in shares of ONE Gas by 23.6% during the 2nd quarter. Hsbc Holdings PLC now owns 20,630 shares of the utilities provider’s stock worth $1,315,000 after purchasing an additional 3,940 shares during the period. Renaissance Technologies LLC increased its position in shares of ONE Gas by 240.7% during the 2nd quarter. Renaissance Technologies LLC now owns 128,100 shares of the utilities provider’s stock worth $8,179,000 after purchasing an additional 90,500 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in ONE Gas by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 897,568 shares of the utilities provider’s stock valued at $57,308,000 after buying an additional 61,192 shares during the period. Finally, WINTON GROUP Ltd lifted its position in ONE Gas by 8.5% in the second quarter. WINTON GROUP Ltd now owns 15,037 shares of the utilities provider’s stock valued at $960,000 after buying an additional 1,183 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

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.