In a report released today, Stephen Byrd from Morgan Stanley maintained a Sell rating on ONE Gas (NYSE: OGS), with a price target of $77. The company’s shares closed yesterday at $81.15, close to its 52-week high of $83.12.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 1.9% and a 59.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Nextera Energy Partners.
ONE Gas has an analyst consensus of Moderate Sell, with a price target consensus of $72.
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Based on ONE Gas’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $20.42 million. In comparison, last year the company had a net profit of $20.62 million.
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.
