LADENBURG THALM/SH SH Upgrades ONE Gas (NYSE:OGS) to “Hold”

ONE Gas (NYSE:OGS) was upgraded by LADENBURG THALM/SH SH to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities analysts have also issued reports on OGS. Stifel Nicolaus raised their target price on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Jefferies Financial Group cut their price target on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Bank of America initiated coverage on ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 price target on the stock. Finally, StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $72.31.

ONE Gas Stock Performance

Shares of OGS stock opened at $74.34 on Monday. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. The business has a fifty day moving average of $71.94 and a 200 day moving average of $72.32. ONE Gas has a 1 year low of $58.31 and a 1 year high of $78.89.

ONE Gas (NYSE:OGS) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.34. The company had revenue of $630.70 million during the quarter, compared to analyst estimates of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. As a group, research analysts expect that ONE Gas will post 4.26 earnings per share for the current year.

Institutional Investors Weigh In On ONE Gas

Several institutional investors have recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in ONE Gas by 0.9% in the 4th quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider’s stock worth $1,139,000 after buying an additional 152 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in ONE Gas by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider’s stock worth $4,225,000 after buying an additional 154 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in ONE Gas by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider’s stock worth $1,497,000 after buying an additional 187 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in ONE Gas by 42.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock worth $53,000 after buying an additional 210 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in ONE Gas by 0.8% in the 4th quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider’s stock worth $1,994,000 after buying an additional 220 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

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.