1 week Ago By ABMN Staff
ONE Gas, Inc. ( NYSE:OGS – Get Free Report ) has been given a consensus rating of “Hold” by the eight analysts that are currently covering the firm, MarketBeat.com reports.
One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $72.69.
Several equities analysts recently weighed in on OGS shares. StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday.
Wells Fargo & Company dropped their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th.
Bank of America initiated coverage on ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 target price on the stock.
Morgan Stanley increased their price target on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th.
Finally, Jefferies Financial Group initiated coverage on shares of ONE Gas in a report on Monday, December 9th. They set a “hold” rating and a $79.00 price objective on the stock.
View Our Latest Stock Analysis on OGS ONE Gas Trading Up 1.0 % ONE Gas ( NYSE:OGS – Get Free Report ) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.
34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05).
ONE Gas had a net margin of 10.52% and a return on equity of 7.71%.
The business had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million.
During the same quarter last year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 1.
4% compared to the same quarter last year. As a group, equities analysts anticipate that ONE Gas will post 3.88 earnings per share for the current fiscal year.
ONE Gas Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were issued a dividend of $0.66 per share.
The ex-dividend date was Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a yield of 3.
82%. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.
Institutional Inflows and Outflows Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new stake in shares of ONE Gas in the 2nd quarter worth approximately $30,000. Van ECK Associates Corp lifted its position in shares of ONE Gas by 11.
1% during the 2nd quarter. Van ECK Associates Corp now owns 14,429 shares of the utilities provider’s stock valued at $921,000 after buying an additional 1,437 shares during the last quarter. Rhumbline Advisers grew its stake in shares of ONE Gas by 3.
8% during the 2nd quarter. Rhumbline Advisers now owns 210,421 shares of the utilities provider’s stock worth $13,435,000 after acquiring an additional 7,680 shares during the period. Victory Capital Management Inc.
increased its holdings in ONE Gas by 0.7% in the 2nd quarter. Victory Capital Management Inc.
now owns 1,470,218 shares of the utilities provider’s stock worth $93,873,000 after acquiring an additional 10,189 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in ONE Gas by 3.9% in the 2nd quarter.
Arizona State Retirement System now owns 15,830 shares of the utilities provider’s stock valued at $1,011,000 after acquiring an additional 590 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.
About ONE Gas ( Get Free Report ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas.
It serves residential, commercial, and transportation customers. Featured Stories Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter .
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