StockNews.com Upgrades ONE Gas (NYSE:OGS) to Hold

ONE Gas (NYSE:OGS - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a report released on Wednesday.

Several other analysts have also commented on OGS. Guggenheim raised their price objective on ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Morgan Stanley set a $74.00 price objective on ONE Gas and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Wells Fargo & Company raised their price objective on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a report on Friday, May 9th. Finally, Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and raised their price objective for the company from $76.00 to $84.00 in a report on Monday, April 7th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $76.44.

ONE Gas Stock Performance

ONE Gas stock traded up $0.99 during midday trading on Wednesday, hitting $75.14. 563,533 shares of the company were exchanged, compared to its average volume of 445,735. The firm has a market capitalization of $4.50 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 3.64 and a beta of 0.86. ONE Gas has a fifty-two week low of $58.31 and a fifty-two week high of $82.25. The business has a fifty day simple moving average of $75.60 and a two-hundred day simple moving average of $73.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64.

ONE Gas (NYSE:OGS - Get Free Report) last posted its 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 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 7.70% and a net margin of 10.70%. ONE Gas's revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period last year, the company earned $1.75 earnings per share. On average, sell-side analysts forecast that ONE Gas will post 4.26 earnings per share for the current year.

Institutional Trading of ONE Gas

A number of institutional investors have recently made changes to their positions in the company. Barclays PLC lifted its position in ONE Gas by 105.6% during the third quarter. Barclays PLC now owns 105,607 shares of the utilities provider's stock worth $7,859,000 after buying an additional 54,237 shares in the last quarter. Hennessy Advisors Inc. lifted its position in ONE Gas by 2.8% during the fourth quarter. Hennessy Advisors Inc. now owns 87,775 shares of the utilities provider's stock worth $6,078,000 after buying an additional 2,400 shares in the last quarter. UMB Bank n.a. lifted its position in ONE Gas by 3,620.0% during the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after buying an additional 362 shares in the last quarter. Sound Income Strategies LLC purchased a new position in ONE Gas during the fourth quarter worth approximately $51,000. Finally, Exchange Traded Concepts LLC lifted its position in ONE Gas by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 119,397 shares of the utilities provider's stock worth $8,268,000 after buying an additional 904 shares in the last quarter. 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.