ONE Gas (NYSE:OGS) Price Target Lowered to $81.00 at Wells Fargo & Company

ONE Gas (NYSE:OGS) had its price target lowered by stock analysts at Wells Fargo & Company from $82.00 to $81.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 9.74% from the stock’s previous close.

Several other equities analysts have also recently commented on the company. StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley raised their price objective on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, ONE Gas has a consensus rating of “Hold” and a consensus target price of $68.10.

ONE Gas Stock Up 1.4 %

NYSE OGS traded up $1.00 on Wednesday, reaching $73.81. The company had a trading volume of 24,014 shares, compared to its average volume of 407,190. The firm has a market capitalization of $4.18 billion, a PE ratio of 18.96, a P/E/G ratio of 3.62 and a beta of 0.67. ONE Gas has a 1 year low of $55.50 and a 1 year high of $75.37. The firm has a 50-day moving average of $72.33 and a 200-day moving average of $67.33. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $340.40 million for the quarter, compared to analysts’ expectations of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. On average, equities research analysts anticipate that ONE Gas will post 3.86 EPS for the current fiscal year.

Institutional Investors Weigh In On ONE Gas

Large investors have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC increased its position in ONE Gas by 266.0% in the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after buying an additional 266 shares during the period. Rothschild Investment LLC acquired a new stake in ONE Gas in the second quarter worth $30,000. EverSource Wealth Advisors LLC increased its position in ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after buying an additional 349 shares during the period. GAMMA Investing LLC increased 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 buying an additional 261 shares during the period. Finally, Coastline Trust Co acquired a new stake in ONE Gas in the third quarter worth $60,000. 88.71% of the stock is 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.