Mizuho Forecasts Strong Price Appreciation for ONE Gas (NYSE:OGS) Stock

ONE Gas (NYSE:OGS) had its target price raised by research analysts at Mizuho from $86.00 to $87.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. Mizuho’s price objective would suggest a potential upside of 6.55% from the company’s current price.

A number of other equities research analysts also recently commented on OGS. Jefferies Financial Group lifted their price target on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. UBS Group upgraded shares of ONE Gas from a “sell” rating to a “neutral” rating and raised their target price for the stock from $66.00 to $86.00 in a research report on Tuesday. Morgan Stanley reaffirmed an “outperform” rating and issued a $72.00 target price on shares of ONE Gas in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ONE Gas in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, ONE Gas has a consensus rating of “Moderate Buy” and a consensus target price of $81.39.

ONE Gas Price Performance

ONE Gas stock traded up $1.24 during mid-day trading on Tuesday, hitting $81.65. 97,826 shares of the company were exchanged, compared to its average volume of 495,905. ONE Gas has a 12-month low of $66.38 and a 12-month high of $83.39. The company has a market capitalization of $4.90 billion, a P/E ratio of 19.03, a PEG ratio of 3.20 and a beta of 0.85. The business’s 50 day simple moving average is $79.84 and its two-hundred day simple moving average is $76.26. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.33.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The business had revenue of $379.13 million for the quarter, compared to analyst estimates of $404.19 million. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Analysts forecast that ONE Gas will post 4.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ONE Gas

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of ONE Gas by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider’s stock valued at $485,136,000 after buying an additional 147,186 shares during the period. American Century Companies Inc. boosted its holdings in ONE Gas by 5.6% in the third quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider’s stock valued at $308,899,000 after acquiring an additional 202,189 shares during the last quarter. Wellington Management Group LLP grew its position in ONE Gas by 1.0% during the first quarter. Wellington Management Group LLP now owns 3,397,926 shares of the utilities provider’s stock valued at $256,849,000 after acquiring an additional 33,210 shares during the period. T. Rowe Price Investment Management Inc. grew its position in ONE Gas by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,151,670 shares of the utilities provider’s stock valued at $162,645,000 after acquiring an additional 26,742 shares during the period. Finally, Alliancebernstein L.P. increased its stake in ONE Gas by 6.9% during the third quarter. Alliancebernstein L.P. now owns 1,707,792 shares of the utilities provider’s stock worth $138,229,000 after acquiring an additional 110,305 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

About ONE Gas

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.