Zacks Investment Research upgraded shares of ONE Gas Inc (NYSE:OGS) from a hold rating to a buy rating in a research note released on Sunday morning, ARN reports. They currently have $57.00 target price on the stock.

According to Zacks, “ONE Gas, Inc. is a natural gas local distribution company. The company operates primarily in Oklahoma, Kansas and Texas through Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. ONE Gas, Inc. is based in Tulsa, United States. “

Separately, Jefferies Group upped their price target on shares of ONE Gas to $44.00 and gave the stock a hold rating in a report on Thursday, December 3rd.

Shares of ONE Gas (NYSE:OGS) opened at 52.67 on Friday. The company has a market capitalization of $2.75 billion and a price-to-earnings ratio of 24.06. The stock has a 50 day moving average of $49.55 and a 200-day moving average of $46.51. ONE Gas has a 52 week low of $38.88 and a 52 week high of $52.94.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. During the same quarter in the prior year, the firm earned $0.09 earnings per share. On average, analysts anticipate that ONE Gas will post $2.19 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 11th. Investors of record on Friday, February 26th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.66%. This is a positive change from ONE Gas’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, February 24th.

Other hedge funds have added to or reduced their stakes in the company. Simplex Trading acquired a new stake in ONE Gas during the fourth quarter worth $0. Benjamin F. Edwards & Company raised its stake in ONE Gas by 0.6% in the fourth quarter. Benjamin F. Edwards & Company now owns 28,417 shares of the company’s stock worth $1,426,000 after buying an additional 160 shares during the period. Commonwealth Equity Services raised its stake in ONE Gas by 24.4% in the fourth quarter. Commonwealth Equity Services now owns 6,298 shares of the company’s stock worth $316,000 after buying an additional 1,236 shares during the period. Nisa Investment Advisors raised its stake in ONE Gas by 28.9% in the fourth quarter. Nisa Investment Advisors now owns 42,855 shares of the company’s stock worth $2,150,000 after buying an additional 9,600 shares during the period. Finally, Duff & Phelps Investment Management Company acquired a new stake in ONE Gas during the fourth quarter worth $1,502,000.

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.

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