Morgan Stanley Gives a Hold Rating to ONE Gas (OGS)
Morgan Stanley analyst David Arcaro assigned a Hold rating to the stock yesterday. The company’s shares closed yesterday at $85.07.
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According to TipRanks, Arcaro is a 5-star analyst with an average return of 14.7% and a 68.13% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and CMS Energy.
Currently, the analyst consensus on ONE Gas is a Hold with an average price target of $87.00.
Based on ONE Gas’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $689.37 million and a net profit of $86.31 million. In comparison, last year the company earned a revenue of $630.7 million and had a net profit of $77.02 million
Based on the recent corporate insider activity of 15 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. Earlier this month, Eduardo Rodriguez, a Director at OGS sold 850.00 shares for a total of $73,389.00.
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