ONE Gas Inc (OGS) Receives $60.00 Average Target Price from Brokerages

ONE Gas Inc (NYSE:OGS) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $61.50.

OGS has been the subject of a number of analyst reports. Ladenburg Thalmann Financial Services initiated coverage on shares of ONE Gas in a report on Friday, December 9th. They issued a “neutral” rating and a $62.00 price target for the company. Zacks Investment Research downgraded shares of ONE Gas from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 11th. Jefferies Group LLC downgraded shares of ONE Gas from a “hold” rating to an “underperform” rating and increased their price target for the company from $53.00 to $54.00 in a report on Thursday, January 12th. Finally, TheStreet raised shares of ONE Gas from a “c-” rating to a “b-” rating in a report on Wednesday, February 22nd.

A number of hedge funds have recently made changes to their positions in the company. CT Mason increased its stake in shares of ONE Gas by 306.4% in the third quarter. CT Mason now owns 13,556 shares of the company’s stock valued at $838,000 after buying an additional 10,220 shares during the last quarter. Dorsey Wright & Associates increased its stake in shares of ONE Gas by 0.4% in the third quarter. Dorsey Wright & Associates now owns 19,899 shares of the company’s stock valued at $1,231,000 after buying an additional 71 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of ONE Gas by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 17,858 shares of the company’s stock valued at $1,104,000 after buying an additional 359 shares during the last quarter. Creative Planning increased its stake in shares of ONE Gas by 0.8% in the third quarter. Creative Planning now owns 16,266 shares of the company’s stock valued at $1,006,000 after buying an additional 125 shares during the last quarter. Finally, Hennessy Advisors Inc. increased its stake in shares of ONE Gas by 12.9% in the third quarter. Hennessy Advisors Inc. now owns 454,625 shares of the company’s stock valued at $28,114,000 after buying an additional 52,000 shares during the last quarter. 72.46% of the stock is owned by institutional investors and hedge funds.

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Shares of ONE Gas (NYSE:OGS) opened at 65.37 on Thursday. The stock’s 50 day moving average is $64.71 and its 200-day moving average is $62.33. ONE Gas has a 52 week low of $55.98 and a 52 week high of $67.35. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 24.67 and a beta of 0.11.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Wednesday, February 22nd. The company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.02. ONE Gas had a net margin of 9.95% and a return on equity of 7.36%. The firm earned $440.75 million during the quarter, compared to the consensus estimate of $444.73 million. During the same quarter last year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities analysts anticipate that ONE Gas will post $2.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were paid a $0.42 dividend. The ex-dividend date was Wednesday, February 22nd. This represents a $1.68 annualized dividend and a yield of 2.57%. This is an increase from ONE Gas’s previous quarterly dividend of $0.35. ONE Gas’s dividend payout ratio (DPR) is presently 54.26%.

About ONE Gas

ONE Gas, Inc is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma, Kansas and Texas. The Company operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers.

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