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

StockNews.com cut shares of ONE Gas (NYSE:OGS) from a hold rating to a sell rating in a report published on Saturday.

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

ONE Gas Stock Performance

ONE Gas stock opened at $68.68 on Friday. The stock’s 50 day moving average is $62.84 and its 200 day moving average is $62.37. 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 twelve month low of $55.50 and a twelve month high of $82.06. The company has a market capitalization of $3.89 billion, a P/E ratio of 16.96, a PEG ratio of 3.55 and a beta of 0.66.

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

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, August 14th. This represents a $2.64 dividend on an annualized basis and a yield of 3.84%. ONE Gas’s dividend payout ratio is presently 65.19%.

Institutional Investors Weigh In On ONE Gas

Institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp raised its holdings in ONE Gas by 66.3% during the first quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 169 shares during the period. BKM Wealth Management LLC bought a new stake in ONE Gas during the fourth quarter valued at about $28,000. Quadrant Capital Group LLC raised its holdings in ONE Gas by 290.4% during the fourth quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 334 shares during the period. Jones Financial Companies Lllp raised its holdings in ONE Gas by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 337 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in shares of ONE Gas by 147.8% during the first quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 479 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

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.