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

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

Several other brokerages also recently issued reports on OGS. UBS Group began coverage on shares of ONE Gas in a research report on Friday, April 12th. They set a “sell” rating and a $61.00 price objective for the company. Mizuho lifted their price target on ONE Gas from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, June 5th. Finally, Morgan Stanley reduced their price objective on ONE Gas from $61.00 to $58.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $64.69.

ONE Gas Price Performance

Shares of OGS stock opened at $68.30 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.47 and a debt-to-equity ratio of 0.76. ONE Gas has a 12-month low of $55.50 and a 12-month high of $82.06. The firm has a fifty day moving average of $62.64 and a 200-day moving average of $62.33. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 3.55 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, May 6th. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $758.32 million during the quarter, compared to analyst estimates of $1.05 billion. ONE Gas had a net margin of 10.86% and a return on equity of 8.37%. The firm’s revenue was down 26.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.84 earnings per share. On average, equities research analysts forecast that ONE Gas will post 3.85 earnings per share for the current year.

Institutional Investors Weigh In On ONE Gas

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in ONE Gas by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,402,167 shares of the utilities provider’s stock worth $437,140,000 after acquiring an additional 27,831 shares in the last quarter. BKM Wealth Management LLC bought a new stake in shares of ONE Gas in the 4th quarter valued at about $28,000. Insight Folios Inc acquired a new stake in ONE Gas in the 4th quarter valued at about $278,000. Legato Capital Management LLC grew its holdings in ONE Gas by 7.5% during the fourth quarter. Legato Capital Management LLC now owns 21,442 shares of the utilities provider’s stock worth $1,366,000 after purchasing an additional 1,487 shares during the period. Finally, Raymond James & Associates grew its holdings in ONE Gas by 37.6% during the fourth quarter. Raymond James & Associates now owns 17,284 shares of the utilities provider’s stock worth $1,101,000 after purchasing an additional 4,721 shares during the period. Institutional investors own 88.71% of the company’s stock.

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.