ONE Gas Inc (NYSE:OGS) – Analysts at Jefferies Financial Group lifted their Q1 2019 earnings per share (EPS) estimates for shares of ONE Gas in a research report issued to clients and investors on Tuesday, October 16th. Jefferies Financial Group analyst C. Sighinolfi now anticipates that the utilities provider will post earnings of $1.73 per share for the quarter, up from their prior forecast of $1.72. Jefferies Financial Group currently has a “$75.39” rating and a $67.00 target price on the stock. Jefferies Financial Group also issued estimates for ONE Gas’ Q2 2019 earnings at $0.43 EPS, Q4 2019 earnings at $1.01 EPS and FY2019 earnings at $3.52 EPS.
Several other research firms also recently weighed in on OGS. ValuEngine raised shares of ONE Gas from a “hold” rating to a “buy” rating in a report on Monday, October 8th. Wells Fargo & Co upped their price objective on shares of ONE Gas from $78.00 to $84.00 and gave the stock a “market perform” rating in a report on Monday, September 17th. Morgan Stanley set a $76.00 price objective on shares of ONE Gas and gave the stock a “sell” rating in a report on Thursday, October 11th. Finally, Zacks Investment Research downgraded shares of ONE Gas from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. ONE Gas currently has an average rating of “Hold” and an average target price of $77.50.
OGS stock opened at $81.95 on Wednesday. The stock has a market capitalization of $4.32 billion, a P/E ratio of 27.82, a P/E/G ratio of 4.44 and a beta of 0.17. ONE Gas has a fifty-two week low of $62.20 and a fifty-two week high of $85.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.47 and a quick ratio of 0.36.
ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, July 30th. The utilities provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The business had revenue of $292.52 million during the quarter, compared to the consensus estimate of $275.30 million. ONE Gas had a net margin of 10.80% and a return on equity of 8.85%. During the same quarter in the prior year, the company posted $0.39 earnings per share.
In related news, Director Arcilia Acosta acquired 1,265 shares of ONE Gas stock in a transaction that occurred on Thursday, August 30th. The stock was acquired at an average price of $78.94 per share, with a total value of $99,859.10. Following the completion of the acquisition, the director now directly owns 2,277 shares of the company’s stock, valued at approximately $179,746.38. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.62% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new stake in ONE Gas in the 2nd quarter valued at about $142,000. Douglass Winthrop Advisors LLC acquired a new stake in ONE Gas in the 3rd quarter valued at about $203,000. Janney Montgomery Scott LLC acquired a new stake in ONE Gas in the 2nd quarter valued at about $245,000. Cornerstone Wealth Management LLC acquired a new stake in ONE Gas in the 2nd quarter valued at about $404,000. Finally, ING Groep NV acquired a new stake in ONE Gas in the 2nd quarter valued at about $413,000. 74.24% of the stock is owned by institutional investors.
About ONE Gas
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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