Wells Fargo & Company Boosts ONE Gas (NYSE:OGS) Price Target to $82.00

ONE Gas (NYSE:OGS) had its price objective raised by Wells Fargo & Company from $80.00 to $82.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

A number of other brokerages also recently weighed in on OGS. Morgan Stanley boosted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, ONE Gas presently has a consensus rating of “Hold” and an average target price of $66.92.

ONE Gas Trading Up 0.4 %

ONE Gas stock opened at $74.76 on Wednesday. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 3.77 and a beta of 0.66. The firm has a 50-day moving average of $70.93 and a 200-day moving average of $66.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32. ONE Gas has a one year low of $55.50 and a one year high of $74.99.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $354.14 million for the quarter, compared to analyst estimates of $362.06 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The business’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same period last year, the company posted $0.58 earnings per share. On average, equities analysts expect that ONE Gas will post 3.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ONE Gas

A number of institutional investors have recently modified their holdings of OGS. Energy Income Partners LLC raised its stake in ONE Gas by 52.9% in the 1st quarter. Energy Income Partners LLC now owns 1,058,680 shares of the utilities provider’s stock worth $68,317,000 after purchasing an additional 366,363 shares in the last quarter. American Century Companies Inc. raised its position in shares of ONE Gas by 6.3% in the second quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after buying an additional 272,923 shares in the last quarter. Zimmer Partners LP acquired a new stake in shares of ONE Gas in the first quarter valued at approximately $16,939,000. Earnest Partners LLC bought a new stake in shares of ONE Gas in the second quarter valued at approximately $12,594,000. Finally, Jane Street Group LLC grew its position in ONE Gas by 283.6% during the first quarter. Jane Street Group LLC now owns 193,232 shares of the utilities provider’s stock worth $12,469,000 after buying an additional 142,865 shares in the last quarter. Institutional investors 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.