ONE Gas (NYSE:OGS) Hits New 1-Year High – Should You Buy?

ONE Gas, Inc. (NYSE:OGS)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $79.03 and last traded at $78.80, with a volume of 31108 shares. The stock had previously closed at $78.49.

Analyst Ratings Changes

OGS has been the subject of a number of recent research reports. Morgan Stanley set a $74.00 price objective on shares of ONE Gas and gave the company an “outperform” rating in a report on Wednesday. LADENBURG THALM/SH SH raised ONE Gas to a “hold” rating in a research report on Monday, March 17th. StockNews.com upgraded ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group upgraded ONE Gas from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $84.00 in a research report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.79.

ONE Gas Stock Performance

The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. The company has a market cap of $4.70 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 3.64 and a beta of 0.74. The company has a 50 day moving average price of $74.58 and a 200-day moving average price of $72.89.

ONE Gas (NYSE:OGS) last released its earnings results on Wednesday, February 19th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.34. The firm had revenue of $630.70 million for the quarter, compared to analysts’ expectations of $973.58 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. On average, equities analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ONE Gas

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its holdings in shares of ONE Gas by 0.9% during the fourth quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider’s stock worth $1,139,000 after buying an additional 152 shares in the last quarter. Ameriprise Financial Inc. raised its position in ONE Gas by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider’s stock valued at $4,225,000 after purchasing an additional 154 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of ONE Gas by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 6,638 shares of the utilities provider’s stock valued at $501,000 after purchasing an additional 175 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of ONE Gas by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider’s stock worth $1,497,000 after purchasing an additional 187 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of ONE Gas by 0.8% in the fourth quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider’s stock valued at $1,994,000 after buying an additional 220 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.