Wall Street Zen Upgrades ONE Gas (NYSE:OGS) to “Hold”

ONE Gas (NYSE:OGS – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

OGS has been the subject of several other reports. Weiss Ratings upgraded shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Morgan Stanley lowered their price objective on shares of ONE Gas from $79.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 21st. Wells Fargo & Company upgraded shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price objective on the stock in a research note on Thursday, August 6th. Scotiabank initiated coverage on shares of ONE Gas in a research note on Tuesday, September 29th. They issued a “sector outperform” rating and a $86.00 price objective on the stock. Finally, BTIG Research set a $89.00 target price on shares of ONE Gas in a research report on Tuesday, October 20th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.46.

View Our Latest Research Report on OGS

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $79.88 on Friday. ONE Gas has a 12 month low of $70.37 and a 12 month high of $90.78. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The stock has a market cap of $5.02 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 2.04 and a beta of 0.64. The business has a fifty day simple moving average of $76.22 and a 200-day simple moving average of $80.82.

ONE Gas (NYSE:OGS – Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The utilities provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%. The firm had revenue of $391.31 million for the quarter, compared to analyst estimates of $398.23 million. During the same period in the previous year, the firm earned $0.44 earnings per share. ONE Gas’s quarterly revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts anticipate that ONE Gas will post 4.91 EPS for the current fiscal year.

Institutional Investors Weigh In On ONE Gas

Several institutional investors have recently made changes to their positions in OGS. CenterBook Partners LP bought a new stake in shares of ONE Gas during the 3rd quarter worth $617,000. Kestra Advisory Services LLC raised its holdings in ONE Gas by 6.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 3,296 shares of the utilities provider’s stock worth $237,000 after acquiring an additional 209 shares during the period. Vise Technologies Inc. raised its holdings in ONE Gas by 8.5% in the 3rd quarter. Vise Technologies Inc. now owns 11,863 shares of the utilities provider’s stock worth $853,000 after acquiring an additional 930 shares during the period. Moss Adams Wealth Advisors LLC bought a new position in ONE Gas in the 3rd quarter worth $227,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in ONE Gas by 7.3% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 43,819 shares of the utilities provider’s stock worth $3,149,000 after acquiring an additional 3,000 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Company Profile

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Analyst Recommendations for ONE Gas (NYSE:OGS)

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