ONE Gas, Inc. (NYSE:OGS) Given Average Recommendation of “Hold” by Brokerages

Posted by Defense World Staff on Aug 24th, 2023

ONE Gas, Inc. (NYSE:OGS – Get Free Report) has earned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $78.17.

A number of research analysts recently commented on OGS shares. StockNews.com initiated coverage on ONE Gas in a report on Thursday, August 17th. They issued a “hold” rating for the company. Mizuho reduced their target price on ONE Gas from $84.00 to $83.00 in a research note on Wednesday, May 3rd. Guggenheim reduced their target price on ONE Gas from $77.00 to $73.00 in a research note on Friday, July 7th. Morgan Stanley reduced their target price on ONE Gas from $73.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Stifel Nicolaus increased their target price on ONE Gas from $81.00 to $82.00 and gave the company a “hold” rating in a research note on Tuesday, August 15th.

View Our Latest Report on OGS

Institutional Investors Weigh In On ONE Gas

Institutional investors and hedge funds have recently made changes to their positions in the company. Disciplined Investments LLC raised its position in shares of ONE Gas by 3,937.5% during the 1st quarter. Disciplined Investments LLC now owns 323 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 315 shares in the last quarter. Tanglewood Legacy Advisors LLC acquired a new stake in ONE Gas in the fourth quarter worth $27,000. Dark Forest Capital Management LP acquired a new stake in ONE Gas in the fourth quarter worth $27,000. Lazard Asset Management LLC acquired a new stake in ONE Gas in the fourth quarter worth $32,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in ONE Gas in the second quarter worth $40,000. 91.79% of the stock is owned by institutional investors and hedge funds.

ONE Gas Price Performance

OGS stock opened at $74.84 on Thursday. The firm has a market cap of $4.15 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 3.61 and a beta of 0.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.30 and a current ratio of 0.40. ONE Gas has a 1 year low of $68.86 and a 1 year high of $89.01. The stock has a 50-day simple moving average of $77.27 and a 200-day simple moving average of $78.98.

ONE Gas (NYSE:OGS – Get Free Report) last announced its earnings results on Monday, July 31st. The utilities provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). ONE Gas had a net margin of 8.67% and a return on equity of 8.75%. The firm had revenue of $398.11 million during the quarter, compared to analysts’ expectations of $397.88 million. During the same quarter last year, the company posted $0.59 earnings per share. ONE Gas’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities analysts predict that ONE Gas will post 4.13 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 16th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Tuesday, August 15th. ONE Gas’s dividend payout ratio is currently 63.57%.

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.