ONE Gas Inc (OGS) is Upgraded by Jefferies to Hold

ONE Gas Inc (OGS) was Upgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Underperform ” on the company shares. Jefferies advised their investors in a research report released on Oct 13, 2016.

Many Wall Street Analysts have commented on ONE Gas Inc. ONE Gas Inc was Initiated by Wells Fargo to “Market Perform” on Aug 30, 2016. ONE Gas Inc was Downgraded by Jefferies to ” Underperform” on Jul 25, 2016.

On the company’s financial health, ONE Gas Inc reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.31. The company had revenue of $245.92 million for the quarter, compared to analysts expectations of $307.84 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.

ONE Gas Inc closed down -0.97 points or -1.68% at $56.75 with 4,48,261 shares getting traded on Tuesday. Post opening the session at $57.42, the shares hit an intraday low of $56.35 and an intraday high of $57.79 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 19, 2016, Eduardo A Rodriguez (director) sold 1,325 shares at $60.96 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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