ONE Gas, Inc. (NYSE:OGS) Receives $85.57 Consensus Target Price from Analysts

Shares of ONE Gas, Inc. (NYSE:OGS) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $85.5714.

A number of brokerages recently commented on OGS. Morgan Stanley reaffirmed an “underperform” rating and issued a $73.00 target price on shares of ONE Gas in a report on Wednesday, January 21st. Bank of America lifted their target price on ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Jefferies Financial Group increased their target price on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. UBS Group dropped their price objective on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Mizuho increased their price target on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd.

ONE Gas Stock Up 0.4%

Shares of OGS opened at $83.41 on Monday. The stock has a 50 day simple moving average of $78.50 and a two-hundred day simple moving average of $78.51. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.33. ONE Gas has a 1 year low of $68.58 and a 1 year high of $84.11. The firm has a market cap of $5.00 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.65 and a beta of 0.81.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be given a dividend of $0.68 per share. This is an increase from ONE Gas’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.72 annualized dividend and a dividend yield of 3.3%. ONE Gas’s dividend payout ratio is presently 62.47%.

Hedge Funds Weigh In On ONE Gas

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new position in shares of ONE Gas in the 4th quarter worth about $25,000. Garner Asset Management Corp acquired a new stake in shares of ONE Gas during the fourth quarter valued at approximately $29,000. Torren Management LLC acquired a new stake in shares of ONE Gas during the 4th quarter valued at $31,000. Caldwell Trust Co bought a new stake in ONE Gas in the second quarter worth approximately $33,000. Finally, American National Bank & Trust acquired a new position in shares of ONE Gas during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.