Morgan Stanley Increases ONE Gas (OGS) Price Target to $69.00

ONE Gas (NYSE:OGS) had its price objective boosted by equities researchers at Morgan Stanley from $66.00 to $69.00 in a note issued to investors on Monday. The brokerage presently has an “underweight” rating on the utilities provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 0.83% from the stock’s previous close.

A number of other brokerages have also weighed in on OGS. Jefferies Group reissued a “sell” rating and issued a $63.00 price target on shares of ONE Gas in a report on Wednesday, December 20th. Zacks Investment Research lowered shares of ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Wells Fargo set a $69.00 price target on shares of ONE Gas and gave the company a “hold” rating in a report on Tuesday, February 13th. Finally, Bank of America reissued an “underperform” rating on shares of ONE Gas in a report on Tuesday, February 27th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $71.60.

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Shares of ONE Gas stock opened at $68.43 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.68. The company has a market capitalization of $3,493.14, a P/E ratio of 23.20, a P/E/G ratio of 3.84 and a beta of 0.15. ONE Gas has a fifty-two week low of $62.20 and a fifty-two week high of $79.51.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.89 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.89. The business had revenue of $462.39 million during the quarter, compared to analyst estimates of $445.30 million. ONE Gas had a net margin of 10.59% and a return on equity of 8.31%. During the same quarter last year, the business posted $0.80 earnings per share. equities analysts predict that ONE Gas will post 3.11 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meadow Creek Investment Management LLC grew its holdings in ONE Gas by 28.3% during the 4th quarter. Meadow Creek Investment Management LLC now owns 3,552 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 784 shares during the period. Mutual of America Capital Management LLC grew its holdings in ONE Gas by 2.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 43,489 shares of the utilities provider’s stock worth $3,186,000 after acquiring an additional 863 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ONE Gas by 45.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,593 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 1,125 shares during the period. LPL Financial LLC grew its holdings in ONE Gas by 23.8% during the 4th quarter. LPL Financial LLC now owns 7,114 shares of the utilities provider’s stock worth $521,000 after acquiring an additional 1,368 shares during the period. Finally, ING Groep NV grew its holdings in ONE Gas by 23.2% during the 4th quarter. ING Groep NV now owns 7,887 shares of the utilities provider’s stock worth $578,000 after acquiring an additional 1,486 shares during the period. 74.41% of the stock is owned by hedge funds and other institutional investors.

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ONE Gas Company Profile

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Analyst Recommendations for ONE Gas (NYSE:OGS)

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