Mizuho Boosts ONE Gas (NYSE:OGS) Price Target to $64.00

ONE Gas (NYSE:OGS - Get Free Report) had its target price boosted by Mizuho from $63.00 to $64.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a "neutral" rating on the utilities provider's stock. Mizuho's price target would indicate a potential downside of 0.61% from the company's current price.

Several other equities research analysts also recently commented on the stock. Morgan Stanley upped their price target on shares of ONE Gas from $57.00 to $58.00 and gave the company an "equal weight" rating in a research report on Thursday, March 21st. UBS Group assumed coverage on ONE Gas in a research report on Friday, April 12th. They issued a "sell" rating and a $61.00 target price for the company. LADENBURG THALM/SH SH raised ONE Gas from a "neutral" rating to a "buy" rating and set a $64.50 price target on the stock in a research report on Tuesday, March 5th. Finally, Wells Fargo & Company raised their price objective on ONE Gas from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, ONE Gas has a consensus rating of "Hold" and a consensus price target of $64.56.

ONE Gas Price Performance

Shares of OGS traded up $2.10 during mid-day trading on Friday, hitting $64.39. The company's stock had a trading volume of 505,972 shares, compared to its average volume of 434,041. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39. The firm has a 50-day moving average price of $61.88 and a 200 day moving average price of $62.35. ONE Gas has a fifty-two week low of $55.50 and a fifty-two week high of $83.89. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 3.18 and a beta of 0.65.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share for the quarter, hitting analysts' consensus estimates of $1.27. The firm had revenue of $605.90 million during the quarter, compared to analysts' expectations of $751.77 million. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The firm's revenue for the quarter was down 26.0% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. On average, research analysts predict that ONE Gas will post 3.86 EPS for the current fiscal year.

Institutional Investors Weigh In On ONE Gas

A number of large investors have recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC lifted its stake in shares of ONE Gas by 4,411.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,534 shares of the utilities provider's stock worth $99,000 after buying an additional 1,500 shares during the last quarter. State of Michigan Retirement System raised its holdings in ONE Gas by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 13,604 shares of the utilities provider's stock worth $878,000 after acquiring an additional 300 shares during the period. Hexagon Capital Partners LLC lifted its position in ONE Gas by 147.8% during the 1st quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider's stock worth $52,000 after acquiring an additional 479 shares during the last quarter. Diversified Trust Co boosted its holdings in ONE Gas by 7.3% during the first quarter. Diversified Trust Co now owns 10,208 shares of the utilities provider's stock valued at $659,000 after acquiring an additional 692 shares during the period. Finally, Range Financial Group LLC boosted its holdings in ONE Gas by 37.8% during the first quarter. Range Financial Group LLC now owns 18,032 shares of the utilities provider's stock valued at $1,164,000 after acquiring an additional 4,950 shares during the period. Institutional investors 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.