Upgrades Neutral Outperform X

OGS ONE Gas

Mizuho

$86

Upgrades Hold Buy X

OGS ONE Gas

Jefferies

$84

Resumed Buy X

OGS ONE Gas

BofA Securities

$77

Initiated Hold X

OGS ONE Gas

Jefferies

$79

Downgrades Buy Neutral X

OGS ONE Gas

Ladenburg Thalmann

$75.50

Upgrades Eq Weight Overweight X

OGS ONE Gas

Wells Fargo

$71 $80

Initiated Sell X

OGS ONE Gas

UBS

$61

Upgrades Neutral Buy X

OGS ONE Gas

Ladenburg Thalmann

$64.50

Initiated Neutral X

OGS ONE Gas

Ladenburg Thalmann

$58

Downgrades Neutral Underperform X

OGS ONE Gas

BofA Securities

$80 $60

Upgrades Sell Neutral X

OGS ONE Gas

Guggenheim

$64 $77

Downgrades Buy Hold X

OGS ONE Gas

Stifel

$80

Downgrades Buy Neutral X

OGS ONE Gas

BofA Securities

$85 $79

Downgrades Neutral Sell X

OGS ONE Gas

Guggenheim

$64

Downgrades Overweight Eq Weight X

OGS ONE Gas

Wells Fargo

$89 $80

Downgrades Buy Neutral X

OGS ONE Gas

Mizuho

$92

Upgrades Underweight Eq-Weight X

OGS ONE Gas

Morgan Stanley

$72 $80

Upgrades Neutral Buy X

OGS ONE Gas

BofA Securities

$65 $78

Upgrades Neutral Buy X

OGS ONE Gas

UBS

Downgrades Buy Neutral X

OGS ONE Gas

UBS

$79 $80

Initiated Hold X

OGS ONE Gas

Edward Jones

Downgrades Neutral Underperform X

OGS ONE Gas

BofA Securities

Upgrades Underperform Hold X

OGS ONE Gas

Jefferies

Resumed Underperform X

OGS ONE Gas

BofA/Merrill

OGS  ONE Gas, Inc.

ONE Gas, Inc. is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers. The Company's natural gas distribution markets in terms of customers are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas, and Austin and El Paso, Texas. As of December 31, 2016, its three divisions, Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service, distribute natural gas to approximately 88%, 72% and 13% of the natural gas distribution customers in Oklahoma, Kansas and Texas, respectively. As of December 31, 2016, the Company had 50.4 billion cubic feet (Bcf) of natural gas storage capacity under lease with remaining terms ranging from 1 to 10 years and maximum allowable daily withdrawal capacity of approximately 1.3 Bcf.