ONE Gas, Inc. (NYSE:OGS) Stock Has Consensus Price Target of $87.12 According to Brokerages

ONE Gas, Inc. (NYSE:OGS) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $87.12.

OGS has been the topic of several research reports. BTIG Research reiterated a “buy” rating and issued a $95.00 price target on shares of ONE Gas in a research report on Wednesday, November 4th. Weiss Ratings upgraded shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Scotiabank lifted their price objective on shares of ONE Gas from $86.00 to $87.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 4th. 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 note on Wednesday, October 21st. Finally, Jefferies Financial Group downgraded shares of ONE Gas from a “buy” rating to a “hold” rating and dropped their target price for the stock from $103.00 to $80.00 in a report on Wednesday, October 7th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OGS. Amundi boosted its holdings in shares of ONE Gas by 189.7% during the first quarter. Amundi now owns 20,117 shares of the utilities provider’s stock worth $1,733,000 after purchasing an additional 13,174 shares during the period. Energy Income Partners LLC acquired a new position in ONE Gas in the 2nd quarter valued at approximately $135,948,000. BlackRock Inc. acquired a new position in ONE Gas in the 2nd quarter valued at approximately $701,266,000. Ieq Capital LLC acquired a new position in ONE Gas in the 2nd quarter valued at approximately $3,428,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in ONE Gas by 3.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 196,427 shares of the utilities provider’s stock worth $15,139,000 after buying an additional 6,534 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Performance

Shares of NYSE OGS opened at $83.82 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.40 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $76.55 and a 200-day simple moving average of $80.99. The company has a market cap of $5.27 billion, a PE ratio of 16.72, a P/E/G ratio of 2.16 and a beta of 0.62. ONE Gas has a 12-month low of $70.37 and a 12-month high of $90.78.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, November 2nd. The utilities provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The firm had revenue of $391.31 million for the quarter, compared to analysts’ expectations of $398.23 million. ONE Gas had a return on equity of 8.80% and a net margin of 12.61%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. On average, equities research analysts forecast that ONE Gas will post 4.96 EPS for the current year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Monday, November 16th will be given a $0.68 dividend. The ex-dividend date is Monday, November 16th. This represents a $2.72 annualized dividend and a yield of 3.2%. ONE Gas’s payout ratio is 58.00%.

ONE Gas Company Profile

ONE Gas, Inc. is a regulated natural gas distribution company that delivers natural gas to residential, commercial and industrial customers. Its operations serve communities in Oklahoma, Kansas and Texas. The company operates through three utility divisions: Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. Its services include distributing natural gas through local pipeline systems and maintaining the infrastructure used to provide that service. ONE Gas became an independent, publicly traded company in 2014 after separating from ONEOK, Inc. Its business is focused on natural gas distribution rather than exploration or production.