In a report released today, Stephen Byrd from Morgan Stanley maintained a Sell rating on ONE Gas (NYSE: OGS), with a price target of $78. The company’s shares closed yesterday at $80.16, close to its 52-week high of $81.27.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 2.7% and a 61.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and South Jersey Industries.
Currently, the analyst consensus on ONE Gas is a Moderate Sell with an average price target of $72.50.
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ONE Gas’ market cap is currently $4.21B and has a P/E ratio of 23.86. The company has a Price to Book ratio of 2.08.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OGS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ONE Gas, Inc. engages in the provision of natural gas distribution services. It also offers natural gas to residential, commercial, industrial, and transportation customers. The company was founded in 1906 and is headquartered in Tulsa, OK.
