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ONE Gas (NYSE:OGS) PT Lowered to $87.00 at Morgan Stanley

ONE Gas (NYSE:OGS - Get Rating) had its target price reduced by stock analysts at Morgan Stanley from $89.00 to $87.00 in a report released on Thursday, Stock Target Advisor reports. The brokerage presently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's target price would indicate a potential upside of 9.70% from the company's current price.

Several other equities research analysts have also commented on OGS. Wells Fargo & Company decreased their price target on ONE Gas from $98.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday. Mizuho dropped their price target on ONE Gas from $92.00 to $90.00 and set a "neutral" rating for the company in a research report on Wednesday, August 3rd. Finally, StockNews.com raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, August 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $87.50.

ONE Gas Stock Performance

Shares of ONE Gas stock traded up $0.37 on Thursday, reaching $79.31. 4,269 shares of the stock were exchanged, compared to its average volume of 239,176. The firm has a market capitalization of $4.29 billion, a PE ratio of 20.23, a PEG ratio of 3.92 and a beta of 0.55. ONE Gas has a 1-year low of $62.52 and a 1-year high of $92.26. The business has a fifty day moving average price of $81.26 and a two-hundred day moving average price of $83.78. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 0.93.


ONE Gas (NYSE:OGS - Get Rating) last released its quarterly earnings data on Monday, August 1st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.03). The business had revenue of $428.98 million during the quarter, compared to analysts' expectations of $328.48 million. ONE Gas had a return on equity of 8.85% and a net margin of 9.34%. The company's revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. As a group, research analysts anticipate that ONE Gas will post 4.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ONE Gas

A number of institutional investors have recently added to or reduced their stakes in OGS. Pinebridge Investments L.P. raised its position in ONE Gas by 206.0% in the second quarter. Pinebridge Investments L.P. now owns 306 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 206 shares during the period. Quadrant Capital Group LLC lifted its position in ONE Gas by 85.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 346 shares of the utilities provider's stock worth $28,000 after acquiring an additional 159 shares in the last quarter. Venture Visionary Partners LLC purchased a new position in ONE Gas in the 2nd quarter worth approximately $34,000. Bivin & Associates Inc. purchased a new stake in shares of ONE Gas during the fourth quarter valued at approximately $47,000. Finally, Lazard Asset Management LLC purchased a new position in shares of ONE Gas in the second quarter valued at $47,000. Hedge funds and other institutional investors own 83.60% of the company's stock.

About ONE Gas

(Get Rating)

ONE Gas, Inc, together with its subsidiaries, 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 provides natural gas distribution services to 2.2 million customers in three states.

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Analyst Recommendations for ONE Gas (NYSE:OGS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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