ONE Gas, Inc. (NYSE:OGS) had its price target increased by Morgan Stanley from $68.00 to $72.00 in a research note issued on Thursday. The firm currently has an “underperform” rating on the utilities provider’s stock. Morgan Stanley’s target price suggests a potential downside of 3.47% from the stock’s previous close.

Several other equities analysts have also recently weighed in on OGS. Zacks Investment Research cut ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. BidaskClub cut ONE Gas from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. ONE Gas currently has an average rating of “Hold” and an average price target of $65.67.

ONE Gas (NYSE OGS) traded up 0.70% during mid-day trading on Thursday, reaching $74.59. The company had a trading volume of 147,664 shares. The firm has a 50-day moving average of $71.33 and a 200 day moving average of $68.50. ONE Gas has a 1-year low of $55.98 and a 1-year high of $74.72. The company has a market capitalization of $3.90 billion, a PE ratio of 25.99 and a beta of 0.12.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.03. The firm had revenue of $279.69 million for the quarter, compared to analysts’ expectations of $257.87 million. ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS. On average, analysts predict that ONE Gas will post $2.98 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its position in ONE Gas by 273.7% in the fourth quarter. Renaissance Technologies LLC now owns 49,700 shares of the utilities provider’s stock valued at $3,179,000 after buying an additional 36,400 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of ONE Gas by 249.5% in the fourth quarter. Teachers Advisors LLC now owns 331,249 shares of the utilities provider’s stock worth $21,187,000 after buying an additional 236,481 shares during the period. Capstone Asset Management Co. boosted its position in shares of ONE Gas by 3.8% in the first quarter. Capstone Asset Management Co. now owns 4,112 shares of the utilities provider’s stock worth $278,000 after buying an additional 150 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of ONE Gas by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the utilities provider’s stock worth $892,000 after buying an additional 300 shares during the period. Finally, Affinity Wealth Management boosted its position in shares of ONE Gas by 5.0% in the first quarter. Affinity Wealth Management now owns 5,159 shares of the utilities provider’s stock worth $349,000 after buying an additional 248 shares during the period. Institutional investors and hedge funds own 72.58% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.

Analyst Recommendations for ONE Gas (NYSE:OGS)

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