Wells Fargo & Company Boosts ONE Gas (NYSE:OGS) Price Target to $82.00

ONE Gas (NYSE:OGS) had its price objective upped by research analysts at Wells Fargo & Company from $80.00 to $82.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 11.13% from the company’s previous close.

OGS has been the subject of several other research reports. Morgan Stanley raised their target price on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $66.92.

ONE Gas Trading Up 1.3 %

Shares of OGS stock traded up $0.94 on Wednesday, hitting $73.79. 38,327 shares of the stock traded hands, compared to its average volume of 408,477. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41. ONE Gas has a twelve month low of $55.50 and a twelve month high of $74.99. The firm’s 50-day moving average price is $70.51 and its two-hundred day moving average price is $66.21. The stock has a market capitalization of $4.17 billion, a PE ratio of 18.18, a PEG ratio of 3.72 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, August 5th. The utilities provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $354.14 million during the quarter, compared to analyst estimates of $362.06 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. As a group, analysts anticipate that ONE Gas will post 3.84 EPS for the current year.

Institutional Investors Weigh In On ONE Gas

Several institutional investors and hedge funds have recently modified their holdings of the company. QV Investors Inc. grew its position in ONE Gas by 2.8% in the 3rd quarter. QV Investors Inc. now owns 14,030 shares of the utilities provider’s stock valued at $1,044,000 after acquiring an additional 380 shares in the last quarter. Creative Planning grew its holdings in shares of ONE Gas by 3.5% during the third quarter. Creative Planning now owns 30,203 shares of the utilities provider’s stock worth $2,248,000 after purchasing an additional 1,021 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of ONE Gas by 2.7% during the third quarter. Exchange Traded Concepts LLC now owns 118,493 shares of the utilities provider’s stock worth $8,818,000 after purchasing an additional 3,091 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of ONE Gas by 84.3% in the 3rd quarter. Inspire Investing LLC now owns 10,100 shares of the utilities provider’s stock valued at $752,000 after purchasing an additional 4,620 shares during the last quarter. Finally, CWM LLC boosted its position in shares of ONE Gas by 17.3% in the 3rd quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 248 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

About ONE Gas

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.