ONE Gas (NYSE:OGS – Get Free Report) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.
A number of other research firms also recently commented on OGS. Guggenheim decreased their price target on ONE Gas from $77.00 to $73.00 in a research note on Friday, July 7th. Morgan Stanley lifted their price target on ONE Gas from $70.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Stifel Nicolaus lifted their price target on ONE Gas from $81.00 to $82.00 and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, ONE Gas currently has a consensus rating of “Hold” and an average target price of $78.33.
View Our Latest Stock Report on ONE Gas
ONE Gas Stock Up 0.2 %
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). The business had revenue of $398.11 million for the quarter, compared to analyst estimates of $397.88 million. ONE Gas had a net margin of 8.67% and a return on equity of 8.75%. The firm’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. As a group, equities analysts forecast that ONE Gas will post 4.13 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Martingale Asset Management L P increased its holdings in shares of ONE Gas by 13.4% in the first quarter. Martingale Asset Management L P now owns 52,906 shares of the utilities provider’s stock valued at $4,192,000 after buying an additional 6,266 shares in the last quarter. JPMorgan Chase & Co. raised its stake in ONE Gas by 8.5% during the 4th quarter. JPMorgan Chase & Co. now owns 376,758 shares of the utilities provider’s stock valued at $28,528,000 after purchasing an additional 29,453 shares during the period. Guggenheim Capital LLC raised its stake in ONE Gas by 2.3% during the 1st quarter. Guggenheim Capital LLC now owns 26,251 shares of the utilities provider’s stock valued at $2,080,000 after purchasing an additional 598 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in ONE Gas by 14.1% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 109,454 shares of the utilities provider’s stock valued at $8,288,000 after purchasing an additional 13,509 shares during the period. Finally, Assetmark Inc. raised its stake in ONE Gas by 3.8% during the 1st quarter. Assetmark Inc. now owns 17,517 shares of the utilities provider’s stock valued at $1,388,000 after purchasing an additional 649 shares during the period. Institutional investors own 88.71% of the company’s stock.
About ONE Gas
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.
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