ONE Gas (NYSE:OGS) PT Raised to $82.00 at Wells Fargo & Company

ONE Gas (NYSE:OGS) had its target price hoisted by Wells Fargo & Company from $80.00 to $82.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

A number of other equities research analysts also recently weighed in on the stock. Morgan Stanley raised their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $66.92.

ONE Gas Stock Up 1.9 %

Shares of OGS opened at $74.26 on Wednesday. The company has a current ratio of 0.41, a quick ratio of 0.32 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 $74.99. The firm’s 50 day moving average is $70.65 and its 200-day moving average is $66.27. The stock has a market capitalization of $4.20 billion, a PE ratio of 18.33, a P/E/G ratio of 3.72 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $354.14 million for the quarter, compared to the consensus estimate of $362.06 million. ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The company’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. Equities research analysts forecast that ONE Gas will post 3.84 EPS for the current year.

Institutional Trading of ONE Gas

Institutional investors and hedge funds have recently made changes to their positions in the company. nVerses Capital LLC lifted its stake in ONE Gas by 26.1% in the third quarter. nVerses Capital LLC now owns 2,900 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 600 shares during the last quarter. QV Investors Inc. lifted its position in shares of ONE Gas by 2.8% during the 3rd quarter. QV Investors Inc. now owns 14,030 shares of the utilities provider’s stock valued at $1,044,000 after buying an additional 380 shares during the last quarter. Creative Planning grew its stake in shares of ONE Gas by 3.5% during the 3rd quarter. Creative Planning now owns 30,203 shares of the utilities provider’s stock worth $2,248,000 after acquiring an additional 1,021 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of ONE Gas by 2.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 118,493 shares of the utilities provider’s stock worth $8,818,000 after acquiring an additional 3,091 shares during the period. Finally, Inspire Investing LLC increased its holdings in ONE Gas by 84.3% in the 3rd quarter. Inspire Investing LLC now owns 10,100 shares of the utilities provider’s stock worth $752,000 after acquiring an additional 4,620 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

About ONE Gas

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.