December 1, 2016 - By Darrin Black · 0 Comments
One Gas Inc (NYSE:OGS) institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.17, from 1 in 2016Q1. The ratio has improved, as 110 investment professionals started new and increased holdings, while 110 sold and reduced stakes in One Gas Inc. The investment professionals in our partner’s database now hold: 36.63 million shares, down from 36.84 million shares in 2016Q1. Also, the number of investment professionals holding One Gas Inc in their top 10 holdings decreased from 2 to 1 for a decrease of 1. Sold All: 18 Reduced: 92 Increased: 89 New Position: 21.
ONE Gas, Inc. is an independent natural gas utility in the United States. The company has a market cap of $3.17 billion. The Firm is a natural gas distributor in Oklahoma, Kansas and Texas. It has a 23.23 P/E ratio. The Firm operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers.
The stock decreased 4.21% or $2.64 during the last trading session, hitting $60.01. ONE Gas Inc (NYSE:OGS) has risen 2.88% since April 28, 2016 and is uptrending. It has underperformed by 3.05% the S&P500.
Analysts await ONE Gas Inc (NYSE:OGS) to report earnings on February, 15. They expect $0.80 EPS, up 8.11% or $0.06 from last year’s $0.74 per share. OGS’s profit will be $42.26 million for 18.75 P/E if the $0.80 EPS becomes a reality. After $0.24 actual EPS reported by ONE Gas Inc for the previous quarter, Wall Street now forecasts 233.33% EPS growth.
According to Zacks Investment Research, “ONE Gas, Inc. is a natural gas local distribution company. The company operates primarily in Oklahoma, Kansas and Texas through Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. ONE Gas, Inc. is based in Tulsa, United States.”
Kestrel Investment Management Corp holds 5.96% of its portfolio in ONE Gas Inc for 216,550 shares. Btim Corp. owns 770,263 shares or 0.88% of their US portfolio. Moreover, Hennessy Advisors Inc has 0.81% invested in the company for 402,625 shares. The United Kingdom-based Ahl Partners Llp has invested 0.78% in the stock. Dorsey Wright & Associates, a California-based fund reported 19,828 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 1 insider sale for $80,772 net activity.
Ratings analysis reveals 0 of ONE Gas’s analysts are positive. Out of 5 Wall Street analysts rating ONE Gas, 0 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $42 while the high is $60. The stock’s average target of $54.50 is -9.18% below today’s ($60.01) share price. OGS was included in 8 notes of analysts from July 24, 2015. The firm has “Hold” rating by Jefferies given on Thursday, October 13. Morgan Stanley downgraded it to “Underperform” rating and $54 target price in Friday, March 18 report. Seaport Global initiated ONE Gas Inc (NYSE:OGS) rating on Friday, November 18. Seaport Global has “Neutral” rating and $60 price target. The stock has “Market Perform” rating given by Wells Fargo on Tuesday, August 30. Zacks downgraded the stock to “Buy” rating in Wednesday, August 26 report.
ONE Gas, Inc., incorporated on August 30, 2013, is an independent natural gas utility in the United States. The Firm is a natural gas distributor in Oklahoma, Kansas and Texas. The Firm operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers. The Firm provides natural gas distribution services to approximately two million clients through its divisions in Oklahoma, Kansas and Texas. The Company’s natural gas distribution markets in terms of clients are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas, and Austin and El Paso, Texas. The Company’s divisions include Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. The Company’s divisions, Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service, distribute natural gas as public utilities. It caters to residential, commercial and industrial, transportation, and wholesale and public authority clients in over three states.
Another recent and important ONE Gas Inc (NYSE:OGS) news was published by Nasdaq.com which published an article titled: “ONE Gas, Inc. (OGS) Ex-Dividend Date Scheduled for November 09, 2016” on November 08, 2016.
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By Darrin Black