ONE Gas (OGS) Given a $77.00 Price Target by UBS Group Analysts

UBS Group set a $77.00 target price on ONE Gas (NYSE:OGS) in a research note published on Tuesday morning, www.stocktargetadvisor.com reports. The firm currently has a sell rating on the utilities provider’s stock.

OGS has been the topic of a number of other reports. Morgan Stanley decreased their price objective on ONE Gas from $78.00 to $77.00 and set a sell rating on the stock in a research report on Friday, September 21st. Wells Fargo & Co increased their price objective on ONE Gas from $78.00 to $84.00 and gave the company a market perform rating in a research report on Monday, September 17th. Jefferies Financial Group reiterated a $75.39 rating and issued a $67.00 price objective on shares of ONE Gas in a research report on Wednesday, July 18th. ValuEngine upgraded ONE Gas from a hold rating to a buy rating in a research report on Monday, October 8th. Finally, Bank of America increased their price objective on ONE Gas from $68.00 to $74.00 and gave the company an underperform rating in a research report on Monday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $76.83.

Shares of OGS opened at $81.19 on Tuesday. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 4.38 and a beta of 0.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.36 and a current ratio of 0.47. ONE Gas has a 52 week low of $62.20 and a 52 week high of $85.22.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, October 29th. The utilities provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. The firm had revenue of $238.28 million for the quarter, compared to analyst estimates of $250.60 million. ONE Gas had a return on equity of 8.65% and a net margin of 10.70%. During the same period last year, the company earned $0.36 EPS. Analysts forecast that ONE Gas will post 3.27 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, November 13th will be given a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.84 annualized dividend and a dividend yield of 2.27%. ONE Gas’s dividend payout ratio is currently 62.37%.

In related news, Director Arcilia Acosta purchased 1,265 shares of ONE Gas stock in a transaction dated Thursday, August 30th. The shares were acquired at an average cost of $78.94 per share, for a total transaction of $99,859.10. Following the transaction, the director now directly owns 2,277 shares of the company’s stock, valued at $179,746.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.62% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of OGS. Acadian Asset Management LLC bought a new position in shares of ONE Gas in the 2nd quarter worth $142,000. Westbourne Investment Advisors Inc. bought a new position in shares of ONE Gas in the 3rd quarter worth $169,000. Douglass Winthrop Advisors LLC bought a new position in shares of ONE Gas in the 3rd quarter worth $203,000. Edgemoor Investment Advisors Inc. bought a new position in shares of ONE Gas in the 3rd quarter worth $206,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of ONE Gas in the 3rd quarter worth $232,000. Institutional investors and hedge funds own 73.95% of the company’s stock.

ONE Gas Company Profile

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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