Today Morgan Stanley Reconfirms a Underweight Rating on ONE Gas (NYSE:OGS) and a $69 Target Price

April 17, 2018 - By Nellie Frank

ONE Gas, Inc. (NYSE:OGS) Logo

Investors sentiment increased to 1.26 in Q4 2017. Its up 0.48, from 0.78 in 2017Q3. It improved, as 15 investors sold ONE Gas, Inc. shares while 79 reduced holdings. 45 funds opened positions while 73 raised stakes. 37.37 million shares or 0.43% more from 37.21 million shares in 2017Q3 were reported.

Nomura Holdings holds 0% in ONE Gas, Inc. (NYSE:OGS) or 3,562 shares. Ancora Ltd Llc has invested 0.34% in ONE Gas, Inc. (NYSE:OGS). Guggenheim Cap Ltd Co owns 154,095 shares or 0.03% of their US portfolio. Bridgeway Capital Mgmt reported 39,300 shares or 0.03% of all its holdings. 4.57M are held by Price T Rowe Associate Inc Md. Shelton has 0.02% invested in ONE Gas, Inc. (NYSE:OGS). Pacad Inv Ltd invested in 0.03% or 1,700 shares. Citigroup Incorporated, New York-based fund reported 20,582 shares. Gemmer Asset Mgmt Ltd Liability Corp holds 0% of its portfolio in ONE Gas, Inc. (NYSE:OGS) for 93 shares. First Trust Advsr Limited Partnership has 0.07% invested in ONE Gas, Inc. (NYSE:OGS) for 379,858 shares. Trust Department Mb Savings Bank N A holds 0% or 125 shares. Strs Ohio holds 0% of its portfolio in ONE Gas, Inc. (NYSE:OGS) for 7,300 shares. World Asset Mngmt has 3,134 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt invested in 0.01% or 7,635 shares. Ing Groep Nv invested in 7,887 shares or 0.01% of the stock.

ONE Gas (NYSE:OGS) Rating Reaffirmed

Morgan Stanley now has a $69 PT on the $3.59 billion market cap company or 0.83 % upside potential. In analysts report issued to clients on Monday, 16 April, ONE Gas (NYSE:OGS) shares have had their Underweight Rating reaffirmed by equity analysts at Morgan Stanley.

Investors sentiment increased to 1.26 in Q4 2017. Its up 0.48, from 0.78 in 2017Q3. It improved, as 15 investors sold ONE Gas, Inc. shares while 79 reduced holdings. 45 funds opened positions while 73 raised stakes. 37.37 million shares or 0.43% more from 37.21 million shares in 2017Q3 were reported.

Nomura Holdings holds 0% in ONE Gas, Inc. (NYSE:OGS) or 3,562 shares. Ancora Ltd Llc has invested 0.34% in ONE Gas, Inc. (NYSE:OGS). Guggenheim Cap Ltd Co owns 154,095 shares or 0.03% of their US portfolio. Bridgeway Capital Mgmt reported 39,300 shares or 0.03% of all its holdings. 4.57M are held by Price T Rowe Associate Inc Md. Shelton has 0.02% invested in ONE Gas, Inc. (NYSE:OGS). Pacad Inv Ltd invested in 0.03% or 1,700 shares. Citigroup Incorporated, New York-based fund reported 20,582 shares. Gemmer Asset Mgmt Ltd Liability Corp holds 0% of its portfolio in ONE Gas, Inc. (NYSE:OGS) for 93 shares. First Trust Advsr Limited Partnership has 0.07% invested in ONE Gas, Inc. (NYSE:OGS) for 379,858 shares. Trust Department Mb Savings Bank N A holds 0% or 125 shares. Strs Ohio holds 0% of its portfolio in ONE Gas, Inc. (NYSE:OGS) for 7,300 shares. World Asset Mngmt has 3,134 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt invested in 0.01% or 7,635 shares. Ing Groep Nv invested in 7,887 shares or 0.01% of the stock.

ONE Gas, Inc. (NYSE:OGS) Ratings Coverage

Among 3 analysts covering ONE Gas (NYSE:OGS), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. ONE Gas has $75 highest and $61.0 lowest target. $66.33’s average target is -3.07% below currents $68.43 stock price. ONE Gas had 7 analyst reports since November 13, 2017 according to SRatingsIntel. As per Tuesday, February 13, the company rating was maintained by Morgan Stanley. Morgan Stanley maintained the shares of OGS in report on Monday, April 16 with “Underweight” rating. The company was maintained on Wednesday, December 13 by Morgan Stanley. Wells Fargo maintained it with “Hold” rating and $69.0 target in Tuesday, February 13 report. The firm has “Underperform” rating by Morgan Stanley given on Monday, November 13. The rating was maintained by Jefferies with “Sell” on Friday, January 12. The firm has “Sell” rating by Jefferies given on Wednesday, December 20.

The stock increased 0.69% or $0.47 during the last trading session, reaching $68.43. About 24,071 shares traded. ONE Gas, Inc. (NYSE:OGS) has declined 3.49% since April 17, 2017 and is downtrending. It has underperformed by 15.04% the S&P500.

Analysts await ONE Gas, Inc. (NYSE:OGS) to report earnings on May, 7. They expect $1.46 EPS, up 1.39 % or $0.02 from last year’s $1.44 per share. OGS’s profit will be $76.62 million for 11.72 P/E if the $1.46 EPS becomes a reality. After $0.86 actual EPS reported by ONE Gas, Inc. for the previous quarter, Wall Street now forecasts 69.77 % EPS growth.

ONE Gas, Inc. operates as a regulated natural gas distribution utility firm in the United States. The company has market cap of $3.59 billion. The firm operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It has a 22.22 P/E ratio. It distributes natural gas to residential, commercial and industrial, transportation, and wholesale and public authority customers.

ONE Gas, Inc. (NYSE:OGS) Institutional Positions Chart

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