In a report released today, Stephen Byrd from Morgan Stanley maintained a Sell rating on ONE Gas (OGS), with a price target of $74. The company’s shares closed yesterday at $83.45.
According to TipRanks.com, Byrd is a 1-star analyst with an average return of -1.4% and a 57.0% success rate. Byrd covers the Utilities sector, focusing on stocks such as American Electric Power, Edison International, and NextEra Energy Inc.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for ONE Gas with a $75.50 average price target, a -9.5% downside from current levels. In a report issued on February 4, Merrill Lynch also maintained a Sell rating on the stock with a $75 price target.
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Based on ONE Gas’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $16.28 million. In comparison, last year the company had a net profit of $47.12 million.
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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.
