ONE Gas Inc. (NYSE:OGS) was upgraded by investment analysts at Jefferies Group from an “underperform” rating to a “hold” rating in a research note issued to investors on Thursday.
Several other research analysts also recently commented on OGS. BB&T Corp. started coverage on shares of ONE Gas in a research report on Wednesday, June 22nd. They set a “hold” rating for the company. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Wednesday, July 13th. Finally, Wells Fargo & Co. started coverage on shares of ONE Gas in a research report on Tuesday, August 30th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $59.00.
Shares of ONE Gas (NYSE:OGS) opened at 57.70 on Thursday. The company’s 50-day moving average price is $61.24 and its 200 day moving average price is $61.62. ONE Gas has a 52 week low of $45.57 and a 52 week high of $67.35. The firm has a market cap of $3.01 billion, a P/E ratio of 23.19 and a beta of 0.11.
ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. ONE Gas had a net margin of 9.61% and a return on equity of 7.12%. The business earned $245.92 million during the quarter, compared to the consensus estimate of $289.73 million. During the same period in the previous year, the business earned $0.23 earnings per share. The company’s revenue was down 4.2% on a year-over-year basis. On average, equities analysts anticipate that ONE Gas will post $2.60 earnings per share for the current year.
In other ONE Gas news, Director Eduardo A. Rodriguez sold 1,325 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $60.96, for a total transaction of $80,772.00. Following the sale, the director now owns 8,060 shares of the company’s stock, valued at $491,337.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.25% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in ONE Gas by 50.1% in the first quarter. Goldman Sachs Group Inc. now owns 206,384 shares of the company’s stock worth $12,610,000 after buying an additional 68,916 shares during the last quarter. BlackRock Group LTD boosted its stake in ONE Gas by 18.2% in the first quarter. BlackRock Group LTD now owns 61,857 shares of the company’s stock worth $3,779,000 after buying an additional 9,545 shares during the last quarter. State Street Corp boosted its stake in ONE Gas by 0.5% in the first quarter. State Street Corp now owns 1,717,404 shares of the company’s stock worth $104,933,000 after buying an additional 8,601 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in ONE Gas by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,506,006 shares of the company’s stock worth $92,017,000 after buying an additional 24,210 shares during the last quarter. Finally, Societe Generale bought a new stake in ONE Gas during the second quarter worth $1,501,000. 71.73% of the stock is currently owned by hedge funds and other institutional investors.
ONE Gas Company Profile
ONE Gas, Inc is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma, Kansas and Texas. The Company operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers.
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