ONE Gas, Inc. (NYSE:OGS) Receives $77.64 Consensus Price Target from Analysts

Shares of ONE Gas, Inc. (NYSE:OGS - Get Free Report) have earned an average recommendation of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $77.64.

OGS has been the subject of a number of research reports. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a report on Friday, May 9th. Morgan Stanley reaffirmed an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. Guggenheim upped their target price on shares of ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Wells Fargo & Company upped their target price on shares of ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OGS. Raymond James Financial Inc. acquired a new position in ONE Gas in the fourth quarter valued at about $2,346,000. Commonwealth Equity Services LLC lifted its position in ONE Gas by 49.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,256 shares of the utilities provider's stock valued at $1,333,000 after buying an additional 6,398 shares during the last quarter. Xponance Inc. lifted its position in ONE Gas by 4.7% in the fourth quarter. Xponance Inc. now owns 8,006 shares of the utilities provider's stock valued at $554,000 after buying an additional 362 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in ONE Gas in the fourth quarter valued at about $298,000. Finally, KLP Kapitalforvaltning AS acquired a new position in ONE Gas in the fourth quarter valued at about $1,600,000. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Price Performance

NYSE OGS traded down $0.04 on Thursday, hitting $72.98. The company had a trading volume of 401,478 shares, compared to its average volume of 533,163. The company has a market capitalization of $4.37 billion, a PE ratio of 17.63, a PEG ratio of 3.09 and a beta of 0.80. The company's fifty day moving average price is $73.45 and its 200-day moving average price is $73.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.59 and a quick ratio of 0.54. ONE Gas has a 12-month low of $65.75 and a 12-month high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, topping the consensus estimate of $1.85 by $0.13. The company had revenue of $935.19 million during the quarter, compared to analyst estimates of $882.31 million. ONE Gas had a net margin of 10.75% and a return on equity of 8.15%. The firm's revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 EPS. As a group, analysts predict that ONE Gas will post 4.26 earnings per share for the current year.

ONE Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.67%. ONE Gas's payout ratio is currently 64.73%.

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.