ONE Gas (NYSE:OGS) Earns Buy Rating from Analysts at Bank of America

Equities researchers at Bank of America began coverage on shares of ONE Gas (NYSE:OGS) in a research note issued on Friday. The firm set a “buy” rating and a $77.00 price target on the utilities provider’s stock. Bank of America‘s target price points to a potential upside of 9.67% from the stock’s current price.

A number of other brokerages have also recently commented on OGS. Stifel Nicolaus raised 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. Morgan Stanley increased their price target on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. LADENBURG THALM/SH SH downgraded 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 report on Friday, December 6th. Jefferies Financial Group began coverage on ONE Gas in a research note on Monday. They set a “hold” rating and a $79.00 price target on the stock. Finally, StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.69.

ONE Gas Stock Performance

Shares of NYSE OGS opened at $70.21 on Friday. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 18.28 and a beta of 0.70. ONE Gas has a one year low of $57.74 and a one year high of $78.89. The business has a fifty day simple moving average of $73.92 and a 200 day simple moving average of $69.26. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The business had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 EPS. Sell-side analysts expect that ONE Gas will post 3.88 EPS for the current year.

Hedge Funds Weigh In On ONE Gas

Several institutional investors and hedge funds have recently modified their holdings of OGS. Transcendent Capital Group LLC raised its holdings in 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 buying an additional 266 shares during the period. Rothschild Investment LLC bought a new stake in shares of ONE Gas during the second quarter worth $30,000. EverSource Wealth Advisors LLC increased its position in shares of ONE Gas by 150.4% during the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 349 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 261 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in ONE Gas in the 3rd quarter valued at $45,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Company Profile

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.