Jefferies Group Weighs in on ONE Gas, Inc.’s FY2017 Earnings (OGS)
ONE Gas, Inc. (NYSE:OGS) – Stock analysts at Jefferies Group upped their FY2017 earnings estimates for shares of ONE Gas in a note issued to investors on Thursday. Jefferies Group analyst C. Sighinolfi now anticipates that the brokerage will post earnings of $2.77 per share for the year, up from their prior forecast of $2.76. Jefferies Group currently has a “Underperform” rating and a $54.00 price target on the stock. Jefferies Group also issued estimates for ONE Gas’ FY2021 earnings at $3.26 EPS.
ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. ONE Gas had a return on equity of 7.36% and a net margin of 9.95%. During the same period in the prior year, the firm posted $0.14 earnings per share.
OGS has been the subject of a number of other research reports. Seaport Global Securities initiated coverage on ONE Gas in a research note on Friday, November 18th. They issued a “neutral” rating and a $60.00 target price for the company. Zacks Investment Research cut ONE Gas from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Ladenburg Thalmann initiated coverage on ONE Gas in a research note on Friday, December 9th. They issued a “neutral” rating and a $62.00 target price for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $60.00.
ONE Gas (NYSE:OGS) traded up 0.08% on Friday, hitting $62.35. The stock had a trading volume of 185,157 shares. The firm has a 50-day moving average of $62.86 and a 200 day moving average of $62.23. ONE Gas has a 52 week low of $51.02 and a 52 week high of $67.35. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 24.06 and a beta of 0.12.
Several hedge funds and other institutional investors have recently bought and sold shares of OGS. Capstone Asset Management Co. boosted its position in ONE Gas by 2.7% in the second quarter. Capstone Asset Management Co. now owns 4,532 shares of the company’s stock valued at $302,000 after buying an additional 120 shares in the last quarter. LS Investment Advisors LLC boosted its position in ONE Gas by 72.5% in the second quarter. LS Investment Advisors LLC now owns 3,118 shares of the company’s stock valued at $208,000 after buying an additional 1,310 shares in the last quarter. Adams Diversified Equity Fund Inc. acquired a new position in ONE Gas during the second quarter valued at $513,000. Strs Ohio boosted its position in ONE Gas by 50.6% in the second quarter. Strs Ohio now owns 12,800 shares of the company’s stock valued at $852,000 after buying an additional 4,300 shares in the last quarter. Finally, Trillium Asset Management LLC boosted its position in ONE Gas by 1.1% in the second quarter. Trillium Asset Management LLC now owns 15,307 shares of the company’s stock valued at $1,019,000 after buying an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 71.83% of the company’s stock.
About ONE Gas
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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