ONE Gas, Inc. (NYSE:OGS) Receives Average Recommendation of "Hold" from Analysts

ONE Gas, Inc. (NYSE:OGS - Get Free Report) has received an average rating of "Hold" from the seven brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $77.64.

A number of brokerages have recently issued reports on OGS. Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and lifted their price target for the stock from $76.00 to $84.00 in a research note on Monday, April 7th. Guggenheim boosted their price objective on ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a research note on Friday, May 9th. Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company boosted their price objective on ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th.

ONE Gas Stock Down 0.6%

ONE Gas stock opened at $71.74 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.59 and a quick ratio of 0.54. The business has a 50 day simple moving average of $75.09 and a 200-day simple moving average of $73.13. The stock has a market capitalization of $4.30 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 3.00 and a beta of 0.82. ONE Gas has a 12 month low of $61.54 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.13. The firm had revenue of $935.19 million for the quarter, compared to analyst estimates of $882.31 million. ONE Gas had a return on equity of 8.15% and a net margin of 10.75%. The business's revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 earnings per share. On average, analysts anticipate that ONE Gas will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Monday, May 19th. ONE Gas's dividend payout ratio (DPR) is presently 64.73%.

Hedge Funds Weigh In On ONE Gas

Several large investors have recently modified their holdings of OGS. Norges Bank purchased a new stake in shares of ONE Gas in the 4th quarter valued at $43,344,000. Bank of Montreal Can raised its holdings in shares of ONE Gas by 1,421.7% in the 4th quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider's stock valued at $33,865,000 after buying an additional 456,891 shares during the period. Nuveen LLC purchased a new stake in shares of ONE Gas in the 1st quarter valued at $29,697,000. Deutsche Bank AG raised its holdings in shares of ONE Gas by 60.7% in the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock valued at $56,914,000 after buying an additional 310,460 shares during the period. Finally, Aberdeen Group plc raised its holdings in shares of ONE Gas by 80.6% in the 1st quarter. Aberdeen Group plc now owns 468,027 shares of the utilities provider's stock valued at $35,378,000 after buying an additional 208,944 shares during the period. Institutional investors and hedge funds 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.

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