(NYSE:OGS) ONE Gas Inc Breaks 52 Week High Bar Of $87.30

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ONE Gas Inc (NYSE:OGS)

December 5th, 2018
Amidst falling markets ONE Gas Inc finished Tuesday’s trading session down 1.44%, a $1.24 decrease to close on $85.11. Despite the drop in price it hit a new 52 week high of $87.30. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.48.

OGS was outperformed by the rest of the Utilities sector which went up 0.15%.

Results from 5 analysts suggest that ONE Gas Inc could go down somewhat (-10%), while Finbox has calculated (with low uncertainty) a fair value price of $70.75.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector falling 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary both saw turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

ONE Gas is based in Tulsa, United States of America. ONE Gas was founded in 2014.

ONE Gas Inc Info

ONE Gas, Inc. operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers. As of December 31, 2017, it had 50.4 billion cubic feet of natural gas storage capacity. The company provides natural gas distribution services to approximately 2 million customers. ONE Gas, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that ONE Gas Inc’s score is 1.48) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

OGS daily update

OGS daily update
OGS daily update

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