ONE Gas (NYSE:OGS) PT Raised to $69.00 at Morgan Stanley

ONE Gas (NYSE:OGS) had its price objective lifted by analysts at Morgan Stanley from $63.00 to $69.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price suggests a potential downside of 6.38% from the company’s previous close.

A number of other equities research analysts have also issued reports on OGS. Wells Fargo & Company upgraded ONE Gas from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $71.00 to $80.00 in a research report on Wednesday, September 11th. Mizuho raised their target price on ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Finally, StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $66.21.

ONE Gas Stock Down 0.4 %

Shares of OGS opened at $73.70 on Wednesday. The stock has a 50 day moving average price of $69.54 and a 200 day moving average price of $65.26. ONE Gas has a one year low of $55.50 and a one year high of $74.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 3.87 and a beta of 0.66.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, August 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $354.14 million for the quarter, compared to analysts’ expectations of $362.06 million. ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. ONE Gas’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 EPS. Equities research analysts forecast that ONE Gas will post 3.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OGS. American Century Companies Inc. raised its stake in shares of ONE Gas by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after acquiring an additional 272,923 shares during the period. Wellington Management Group LLP lifted its stake in ONE Gas by 3.5% during the fourth quarter. Wellington Management Group LLP now owns 1,555,206 shares of the utilities provider’s stock worth $99,098,000 after purchasing an additional 52,740 shares in the last quarter. Victory Capital Management Inc. lifted its stake in ONE Gas by 0.7% during the second quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider’s stock worth $93,873,000 after purchasing an additional 10,189 shares in the last quarter. First Trust Advisors LP boosted its position in shares of ONE Gas by 15.3% during the fourth quarter. First Trust Advisors LP now owns 1,108,868 shares of the utilities provider’s stock worth $70,657,000 after buying an additional 147,471 shares during the period. Finally, Energy Income Partners LLC grew its stake in shares of ONE Gas by 52.9% in the first quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock valued at $68,317,000 after buying an additional 366,363 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Company Profile

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.