ONE Gas Inc (OGS) is Downgraded by Jefferies to Underperform

ONE Gas Inc (OGS) was Downgraded by Jefferies to ” Underperform”. Earlier the firm had a rating of “Hold ” on the company shares. Jefferies advised their investors in a research report released on Jul 25, 2016.

Many Wall Street Analysts have commented on ONE Gas Inc. ONE Gas Inc was Downgraded by Jefferies to ” Underperform” on Jul 25, 2016. ONE Gas Inc was Initiated by BB&T Capital Mkts to “Hold” on Jun 22, 2016.

On the company’s financial health, ONE Gas Inc reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 2, 2016. Analyst had a consensus of $1.20.Analysts expectations of $ 731.66.During the same quarter in the previous year, the company posted $1.13 EPS.

ONE Gas Inc closed down -0.44 points or -0.67% at $65.32 with 1,40,149 shares getting traded on Wednesday. Post opening the session at $65.87, the shares hit an intraday low of $65.16 and an intraday high of $65.87 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 28, 2016, Eduardo A Rodriguez (director) sold 1,825 shares at $59.32 per share price. According to the SEC, on Mar 30, 2015, Douglas H Yaeger (director) purchased 4,000 shares at $41.74 per share price.

ONE Gas Inc. is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma Kansas and Texas. The Company provides natural gas distribution services approximately to two million customers through its divisions in Oklahoma Kansas and Texas. The Company’s distribution markets are in terms of customers are Oklahoma City and Tulsa Oklahoma; Kansas City Wichita and Topeka Kansas and Austin and El Paso Texas. The Company’s divisions include Oklahoma Natural Gas Kansas Gas Service and Texas Gas Service. Its divisions Oklahoma Natural Gas Kansas Gas Service and Texas Gas Service distribute natural gas as public utilities to approximately 87 % 72 % and 14 % of the natural gas distribution customers in Oklahoma Kansas and Texas respectively.

ONE Gas Inc

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