ONE Gas Inc (NYSE:OGS) Receives Average Rating of “Hold” from Analysts
Shares of ONE Gas Inc (NYSE:OGS) have earned an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $82.50.
Several brokerages recently weighed in on OGS. Morgan Stanley set a $82.00 target price on ONE Gas and gave the company a “sell” rating in a research note on Friday, August 16th. UBS Group raised ONE Gas from a “sell” rating to a “neutral” rating and set a $90.00 target price for the company in a research note on Tuesday.
In related news, insider Jeffrey J. Husen sold 300 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $89.64, for a total value of $26,892.00. Following the completion of the transaction, the insider now owns 1,787 shares in the company, valued at approximately $160,186.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.76% of the company’s stock.
Shares of OGS traded up $0.13 during trading hours on Friday, reaching $91.21. 5,000 shares of the company’s stock traded hands, compared to its average volume of 173,640. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 4.34 and a beta of 0.32. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.50. ONE Gas has a twelve month low of $75.51 and a twelve month high of $93.04. The business’s fifty day simple moving average is $90.43 and its two-hundred day simple moving average is $89.25.
ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, July 29th. The utilities provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $290.56 million for the quarter, compared to analyst estimates of $294.20 million. ONE Gas had a return on equity of 8.66% and a net margin of 10.83%. During the same period last year, the company earned $0.39 earnings per share. On average, equities research analysts expect that ONE Gas will post 3.51 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were given a $0.50 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.19%. ONE Gas’s dividend payout ratio (DPR) is 61.54%.
About ONE Gas
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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