Morgan Stanley Remains a Hold on ONE Gas (OGS)

Morgan Stanley analyst Stephen Byrd maintained a Hold rating on ONE Gas (OGSResearch Report) today and set a price target of $87.00. The company’s shares opened today at $78.50.

According to TipRanks, Byrd is a 5-star analyst with an average return of 11.3% and a 60.58% success rate. Byrd covers the Utilities sector, focusing on stocks such as Ameren, American Electric Power, and Atmos Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ONE Gas with a $88.80 average price target.

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Based on ONE Gas’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $428.98 million and a net profit of $32.08 million. In comparison, last year the company earned a revenue of $315.65 million and had a net profit of $30.09 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.

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