ONE Gas (NYSE:OGS) Cut to Sell at StockNews.com

ONE Gas (NYSE:OGS) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Other research analysts have also issued research reports about the stock. LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target on the stock. in a research note on Friday, December 6th. Stifel Nicolaus increased their price target on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Bank of America started coverage on shares of ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 price target on the stock. Jefferies Financial Group dropped their price target on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company lowered their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $72.31.

ONE Gas Stock Down 1.7 %

ONE Gas stock traded down $1.33 during trading hours on Tuesday, hitting $74.72. The company had a trading volume of 469,184 shares, compared to its average volume of 376,960. The firm has a market capitalization of $4.47 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.64 and a quick ratio of 0.37. The firm’s fifty day moving average is $70.99 and its 200-day moving average is $71.92. ONE Gas has a fifty-two week low of $58.31 and a fifty-two week high of $78.89.

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

Institutional Trading of ONE Gas

A number of hedge funds have recently bought and sold shares of OGS. Wealth Enhancement Advisory Services LLC bought a new stake in ONE Gas in the 3rd quarter valued at $260,000. State of Alaska Department of Revenue lifted its holdings in shares of ONE Gas by 7.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,438 shares of the utilities provider’s stock worth $479,000 after acquiring an additional 445 shares during the period. Van ECK Associates Corp increased its position in shares of ONE Gas by 7.3% during the 3rd quarter. Van ECK Associates Corp now owns 15,482 shares of the utilities provider’s stock worth $1,142,000 after purchasing an additional 1,053 shares in the last quarter. Atria Investments Inc increased its position in shares of ONE Gas by 21.9% during the 3rd quarter. Atria Investments Inc now owns 4,555 shares of the utilities provider’s stock worth $339,000 after purchasing an additional 817 shares in the last quarter. Finally, Transcendent Capital Group LLC increased its position in shares of ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 266 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

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.