ONE Gas, Inc. (NYSE:OGS) was downgraded by research analysts at UBS AG from a “neutral” rating to a “sell” rating in a note issued to investors on Monday.

OGS has been the subject of several other reports. BidaskClub raised shares of ONE Gas from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research lowered ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Jefferies Group LLC reaffirmed a “sell” rating and issued a $62.00 price objective on shares of ONE Gas in a report on Sunday, September 10th. Finally, Morgan Stanley lifted their price objective on ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $66.17.

Shares of ONE Gas (NYSE:OGS) opened at 73.64 on Monday. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 25.66 and a beta of 0.10. ONE Gas has a one year low of $55.98 and a one year high of $76.06. The firm has a 50-day moving average price of $74.63 and a 200 day moving average price of $70.62.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, July 31st. The utilities provider reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). The firm had revenue of $279.69 million during the quarter, compared to analyst estimates of $257.87 million. ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. Equities analysts forecast that ONE Gas will post $2.98 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. Independent Portfolio Consultants Inc. purchased a new position in shares of ONE Gas in the 2nd quarter valued at about $158,000. Heritage Trust Co lifted its stake in shares of ONE Gas by 41.4% in the second quarter. Heritage Trust Co now owns 2,323 shares of the utilities provider’s stock valued at $162,000 after purchasing an additional 680 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of ONE Gas by 72.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,329 shares of the utilities provider’s stock valued at $157,000 after purchasing an additional 982 shares during the period. D.A. Davidson & CO. lifted its stake in shares of ONE Gas by 1,953.3% in the second quarter. D.A. Davidson & CO. now owns 2,505 shares of the utilities provider’s stock valued at $174,000 after purchasing an additional 2,383 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of ONE Gas in the second quarter valued at about $200,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

About ONE Gas

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.

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