Zacks Investment Research downgraded shares of ONE Gas (NYSE:OGS) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

According to Zacks, “ONE Gas, Inc. is a natural gas local distribution company. The company operates primarily in Oklahoma, Kansas and Texas through Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. ONE Gas, Inc. is based in Tulsa, United States. “

Several other analysts have also recently commented on OGS. Jefferies Group restated a sell rating and issued a $63.00 target price on shares of ONE Gas in a research report on Wednesday, December 20th. UBS Group cut ONE Gas from a neutral rating to a sell rating and raised their target price for the company from $71.00 to $72.00 in a research report on Monday, October 2nd. Finally, Morgan Stanley increased their price target on ONE Gas from $72.00 to $75.00 and gave the company an underweight rating in a research note on Wednesday, December 13th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $73.75.

ONE Gas (NYSE:OGS) traded down $0.14 on Wednesday, reaching $71.55. The company had a trading volume of 195,167 shares, compared to its average volume of 185,467. ONE Gas has a 12-month low of $61.42 and a 12-month high of $79.51. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The firm has a market cap of $3,740.00, a PE ratio of 24.01, a P/E/G ratio of 3.94 and a beta of 0.08.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, October 30th. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.28 by $0.08. ONE Gas had a return on equity of 8.22% and a net margin of 10.42%. The firm had revenue of $247.14 million for the quarter, compared to analysts’ expectations of $242.75 million. During the same period last year, the firm earned $0.24 EPS. equities analysts predict that ONE Gas will post 3.02 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Flinton Capital Management LLC boosted its stake in ONE Gas by 75.9% during the 2nd quarter. Flinton Capital Management LLC now owns 4,726 shares of the utilities provider’s stock valued at $330,000 after purchasing an additional 2,040 shares in the last quarter. California Public Employees Retirement System boosted its stake in ONE Gas by 15.2% during the 2nd quarter. California Public Employees Retirement System now owns 113,200 shares of the utilities provider’s stock valued at $7,902,000 after purchasing an additional 14,900 shares in the last quarter. Putnam FL Investment Management Co. bought a new position in ONE Gas during the 3rd quarter valued at $1,295,000. Shelton Capital Management bought a new position in ONE Gas during the 2nd quarter valued at $272,000. Finally, 361 Capital LLC boosted its stake in ONE Gas by 94.3% during the 2nd quarter. 361 Capital LLC now owns 29,690 shares of the utilities provider’s stock valued at $2,073,000 after purchasing an additional 14,411 shares in the last quarter. 72.76% of the stock is owned by hedge funds and other institutional investors.

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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.

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