ONE Gas, Inc. Common Stock (NYSE:OGS):
ONE Gas to Participate in UBS Power and Utilities Conference.
The company is trading down since yesterday’s close of $63.72.
The company also announced a dividend paid on Thursday September 1st, 2016. The dividend was $0.350 per share for the quarter or $1.40 on an annualized basis. This dividend amount represented a yeild of $2.18. The ex-dividend date was set for Thursday the 11th of August 2016.
It is trading at $63.41 just a bit higher than the 50 day moving average of $62.19 and which is marginally higher than the 200 day moving average of $61.65. The 50 day moving average moved up $1.22 whereas the 200 day moving average was up $1.76 or +2.86%.
The most current P/E ratio is 25.49 and the market cap of the company is 3.31B. In the latest earnings report the EPS was $2.49 and is expected to be $2.60 for the current year with 52,241,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.82 with next year’s EPS projected to be $2.77.
Brokerages have released ratings on the company recently. On August 30, 2016 Wells Fargo started covering the stock setting a rating of “Market Perform”. On July 25, 2016 the stock rating was rated “Underperform” according to a Jefferies report which is down from the previous “Hold” rating.
BB&T Capital initiated coverage on the stock giving it an initial rating of “Hold”. March 18 investment analysts at Morgan Stanley kept the price target at $54.00 but cut the company from Equal-weight to Underperform.
On March 18 the stock rating was downgraded from “Equal-weight” to “Underperform” and a price target of $54.00 was set in a report issued by Morgan Stanley. July 23 investment analysts at Jefferies maintained a company rating of “Hold” but moved up the price target to $42.00 from $41.00.