ONE Gas, Inc. (NYSE:OGS) Receives Average Recommendation of “Reduce” from Brokerages

ONE Gas, Inc. (NYSE:OGS) has received a consensus recommendation of “Reduce” from the seven analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $64.69.

Several research analysts have issued reports on the company. Mizuho increased their price objective on ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 5th. UBS Group assumed coverage on ONE Gas in a research report on Friday, April 12th. They issued a “sell” rating and a $61.00 price target for the company. Morgan Stanley dropped their price target on ONE Gas from $61.00 to $58.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. Finally, StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday.

Institutional Trading of ONE Gas

A number of large investors have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its stake in shares of ONE Gas by 66.3% during the first quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 169 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in ONE Gas by 21.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock worth $62,000 after buying an additional 174 shares during the last quarter. Tidal Investments LLC boosted its stake in ONE Gas by 6.1% in the 1st quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock worth $228,000 after buying an additional 206 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in ONE Gas by 0.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider’s stock worth $1,597,000 after buying an additional 230 shares during the last quarter. Finally, GW Henssler & Associates Ltd. boosted its stake in ONE Gas by 7.4% in the 1st quarter. GW Henssler & Associates Ltd. now owns 3,442 shares of the utilities provider’s stock worth $222,000 after buying an additional 237 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Trading Down 0.3 %

NYSE:OGS opened at $68.30 on Friday. The stock has a fifty day moving average price of $62.64 and a two-hundred day moving average price of $62.34. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 3.55 and a beta of 0.66. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.39 and a current ratio of 0.47. ONE Gas has a 1 year low of $55.50 and a 1 year high of $82.06.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $758.32 million during the quarter, compared to analysts’ expectations of $1.05 billion. ONE Gas had a return on equity of 8.37% and a net margin of 10.86%. The company’s revenue was down 26.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS. As a group, sell-side analysts anticipate that ONE Gas will post 3.85 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Wednesday, August 14th. ONE Gas’s payout ratio is currently 65.19%.

About ONE Gas

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.