ONE Gas (NYSE:OGS) PT Raised to $91.00 at UBS Group

ONE Gas (NYSE:OGS) had its price target hoisted by investment analysts at UBS Group from $90.00 to $91.00 in a research note issued to investors on Wednesday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the utilities provider’s stock. UBS Group’s target price would indicate a potential upside of 3.55% from the company’s previous close.

Other analysts have also issued reports about the stock. ValuEngine lowered shares of ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley decreased their price target on shares of ONE Gas from $85.00 to $83.00 and set an “underweight” rating on the stock in a research report on Friday, November 8th. Finally, Mizuho began coverage on shares of ONE Gas in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $96.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $90.00.

Shares of NYSE OGS opened at $87.88 on Wednesday. ONE Gas has a twelve month low of $75.51 and a twelve month high of $96.66. The company has a current ratio of 0.57, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 4.24 and a beta of 0.24. The firm has a 50-day moving average of $90.53 and a two-hundred day moving average of $90.98.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, October 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The business had revenue of $248.56 million for the quarter, compared to the consensus estimate of $254.15 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.63%. During the same quarter last year, the business posted $0.31 EPS. As a group, research analysts predict that ONE Gas will post 3.5 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in shares of ONE Gas by 3.8% in the second quarter. Janney Montgomery Scott LLC now owns 3,211 shares of the utilities provider’s stock worth $290,000 after acquiring an additional 117 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in ONE Gas by 0.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 16,410 shares of the utilities provider’s stock worth $1,577,000 after purchasing an additional 132 shares during the period. Texas Permanent School Fund grew its position in ONE Gas by 0.4% during the 3rd quarter. Texas Permanent School Fund now owns 35,893 shares of the utilities provider’s stock worth $3,450,000 after purchasing an additional 136 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in ONE Gas by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,720 shares of the utilities provider’s stock worth $878,000 after purchasing an additional 140 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in ONE Gas by 2.4% during the 3rd quarter. SG Americas Securities LLC now owns 7,210 shares of the utilities provider’s stock valued at $693,000 after purchasing an additional 167 shares during the period. 76.03% of the stock is currently owned by hedge funds and other institutional investors.

About ONE Gas

ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.

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