Morgan Stanley analyst Stephen Byrd maintained a Hold rating on ONE Gas (OGS – Research Report) yesterday and set a price target of $70.00. The company’s shares closed yesterday at $77.48.
According to TipRanks, Byrd is a 5-star analyst with an average return of 8.5% and a 55.98% success rate. Byrd covers the Utilities sector, focusing on stocks such as CMS Energy, ONE Gas, and American Electric Power.
The word on The Street in general, suggests a Hold analyst consensus rating for ONE Gas with a $78.00 average price target, a 0.67% upside from current levels. In a report released on October 24, Guggenheim also maintained a Hold rating on the stock with a $70.00 price target.
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The company has a one-year high of $90.90 and a one-year low of $62.90. Currently, ONE Gas has an average volume of 268.7K.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OGS in relation to earlier this year.
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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.
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