ONE Gas (NYSE:OGS) had its price objective lowered by Mizuho from $94.00 to $87.00 in a research report sent to investors on Wednesday, The Fly reports. The brokerage currently has a neutral rating on the utilities provider’s stock. The analysts noted that the move was a valuation call.
A number of other research firms also recently weighed in on OGS. Bank of America raised ONE Gas from an underperform rating to a neutral rating and set a $79.00 price target for the company in a research report on Thursday, July 23rd. They noted that the move was a valuation call. UBS Group reduced their price target on ONE Gas from $91.00 to $85.00 and set a neutral rating for the company in a research report on Wednesday, April 1st. Jefferies Financial Group reduced their price target on ONE Gas from $81.00 to $79.00 and set a hold rating for the company in a research report on Friday, July 24th. Zacks Investment Research downgraded ONE Gas from a hold rating to a sell rating and set a $81.00 price target for the company. in a research report on Thursday, July 2nd. Finally, Morgan Stanley reduced their price target on ONE Gas from $69.00 to $68.00 and set an underweight rating for the company in a research report on Friday, July 17th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock currently has an average rating of Hold and an average price target of $85.11.
NYSE OGS opened at $75.70 on Wednesday. The business has a 50 day simple moving average of $76.16 and a 200 day simple moving average of $83.22. ONE Gas has a 52-week low of $63.67 and a 52-week high of $96.97. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.46 and a current ratio of 0.71. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 3.94 and a beta of 0.26.
ONE Gas (NYSE:OGS) last posted its earnings results on Monday, July 27th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. ONE Gas had a return on equity of 8.62% and a net margin of 12.35%. The business had revenue of $273.29 million during the quarter, compared to analysts’ expectations of $274.48 million. During the same period in the prior year, the business earned $0.46 EPS. ONE Gas’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, analysts predict that ONE Gas will post 3.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Thursday, August 13th. ONE Gas’s payout ratio is presently 61.54%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of ONE Gas by 2.0% in the 1st quarter. State Street Corp now owns 1,877,754 shares of the utilities provider’s stock valued at $157,018,000 after buying an additional 36,284 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in ONE Gas by 2.0% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,004,093 shares of the utilities provider’s stock valued at $83,963,000 after purchasing an additional 19,397 shares during the last quarter. Geode Capital Management LLC lifted its holdings in ONE Gas by 5.8% during the 1st quarter. Geode Capital Management LLC now owns 735,244 shares of the utilities provider’s stock valued at $61,481,000 after purchasing an additional 40,573 shares during the last quarter. First Trust Advisors LP lifted its holdings in ONE Gas by 23.6% during the 2nd quarter. First Trust Advisors LP now owns 614,159 shares of the utilities provider’s stock valued at $47,321,000 after purchasing an additional 117,312 shares during the last quarter. Finally, Ardevora Asset Management LLP lifted its holdings in ONE Gas by 3.6% during the 2nd quarter. Ardevora Asset Management LLP now owns 592,737 shares of the utilities provider’s stock valued at $45,670,000 after purchasing an additional 20,759 shares during the last quarter. 79.06% of the stock is owned by institutional investors.
ONE Gas Company Profile
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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