ONE Gas saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 84 the day before.
Lean How — And When — To Sell Stocks
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The market's biggest winners often have a 95 or higher rating in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
ONE Gas has now climbed above a proper buy zone after breaking out from a 76.48 entry in a cup with handle.
One weak spot is the company's 73 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 13% earnings-per-share gain for Q1. That means it's now delivered two straight quarters of rising EPS growth. Sales growth climbed 23%, up from 4% in the prior report. The company has now posted increasing growth in each of the last four reports.
ONE Gas earns the No. 3 rank among its peers in the Utility-Gas Distribution industry group. National Fuel Gas is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
