FY2017 EPS Estimates for ONE Gas Inc (NYSE:OGS) Lifted by Seaport Global Securities

ONE Gas Inc (NYSE:OGS) – Seaport Global Securities boosted their FY2017 earnings per share estimates for ONE Gas in a report issued on Thursday, Zacks Investment Research reports. Seaport Global Securities analyst M. Levin now expects that the utilities provider will post earnings of $3.08 per share for the year, up from their prior forecast of $3.05.

Other research analysts have also issued reports about the company. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Wednesday, November 8th. Jefferies Group reaffirmed a “sell” rating and set a $63.00 target price on shares of ONE Gas in a research report on Wednesday, December 20th. Finally, Morgan Stanley raised their target price on ONE Gas from $72.00 to $75.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 13th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $73.75.

Shares of ONE Gas (OGS) traded down $0.27 on Friday, hitting $67.94. The stock had a trading volume of 244,822 shares, compared to its average volume of 251,408. ONE Gas has a one year low of $63.06 and a one year high of $79.51. The company has a market cap of $3,565.59, a PE ratio of 22.72, a price-to-earnings-growth ratio of 3.77 and a beta of 0.03. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.62.

A number of large investors have recently made changes to their positions in OGS. Los Angeles Capital Management & Equity Research Inc. raised its position in ONE Gas by 27.9% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,175 shares of the utilities provider’s stock worth $990,000 after purchasing an additional 3,090 shares during the last quarter. Wells Fargo & Company MN grew its holdings in ONE Gas by 15.9% during the 2nd quarter. Wells Fargo & Company MN now owns 75,562 shares of the utilities provider’s stock worth $5,276,000 after acquiring an additional 10,363 shares during the period. Alliancebernstein L.P. grew its holdings in ONE Gas by 6.9% during the 2nd quarter. Alliancebernstein L.P. now owns 124,840 shares of the utilities provider’s stock worth $8,715,000 after acquiring an additional 8,060 shares during the period. Riverhead Capital Management LLC grew its holdings in ONE Gas by 73.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,695 shares of the utilities provider’s stock worth $328,000 after acquiring an additional 1,995 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in ONE Gas by 27.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 466,754 shares of the utilities provider’s stock worth $32,585,000 after acquiring an additional 101,420 shares during the period. 72.85% of the stock is owned by institutional investors and hedge funds.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a dividend of $0.46 per share. This is a positive change from ONE Gas’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, February 22nd. ONE Gas’s dividend payout ratio (DPR) is currently 56.19%.

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About ONE Gas

ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.

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Earnings History and Estimates for ONE Gas (NYSE:OGS)

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