ONE Gas (NYSE:OGS)‘s stock had its “underperform” rating reaffirmed by analysts at Bank of America in a research report issued on Tuesday, Marketbeat reports.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Wednesday, November 8th. Morgan Stanley boosted their price target on shares of ONE Gas from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. 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. Finally, Wells Fargo & Co 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. Four analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company’s stock. ONE Gas presently has a consensus rating of “Hold” and a consensus price target of $70.80.
ONE Gas (NYSE:OGS) opened at $63.59 on Tuesday. The company has a market cap of $3,377.52, a price-to-earnings ratio of 21.17, a P/E/G ratio of 3.57 and a beta of 0.03. ONE Gas has a one year low of $63.51 and a one year high of $79.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.68 and a current ratio of 0.87.
Institutional investors have recently made changes to their positions in the business. Resources Investment Advisors Inc. increased its holdings in ONE Gas by 6,900.0% in the 4th quarter. Resources Investment Advisors Inc. now owns 17,500 shares of the utilities provider’s stock valued at $128,000 after buying an additional 17,250 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in shares of ONE Gas in the 4th quarter worth about $156,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of ONE Gas in the 4th quarter worth about $205,000. Signition LP bought a new stake in shares of ONE Gas in the 4th quarter worth about $211,000. Finally, Zeke Capital Advisors LLC bought a new stake in shares of ONE Gas in the 4th quarter worth about $238,000. 73.27% of the stock is currently owned by hedge funds and other institutional investors.
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ONE Gas Company Profile
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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