ONE Gas, Inc. (NYSE:OGS) Sees Large Growth in Short Interest

ONE Gas, Inc. (NYSE:OGS) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 3,000,962 shares, an increase of 18.8% from the March 31st total of 2,526,288 shares. Currently, 4.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 430,333 shares, the short-interest ratio is currently 7.0 days.

Insider Activity

In other news, insider Brian F. Brumfield sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total value of $86,440.00. Following the completion of the sale, the insider directly owned 2,246 shares in the company, valued at $194,144.24. This represents a 30.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On ONE Gas

Several large investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its stake in shares of ONE Gas by 2,807.9% during the first quarter. Fifth Third Bancorp now owns 20,355 shares of the utilities provider’s stock worth $1,753,000 after purchasing an additional 19,655 shares during the last quarter. Triune Financial Partners LLC raised its stake in shares of ONE Gas by 115.2% during the first quarter. Triune Financial Partners LLC now owns 6,319 shares of the utilities provider’s stock worth $544,000 after purchasing an additional 3,383 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of ONE Gas by 2.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 12,273 shares of the utilities provider’s stock valued at $1,057,000 after acquiring an additional 300 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of ONE Gas in the first quarter valued at about $364,000. Finally, New York State Teachers Retirement System boosted its holdings in shares of ONE Gas by 5.7% in the first quarter. New York State Teachers Retirement System now owns 71,146 shares of the utilities provider’s stock valued at $6,128,000 after acquiring an additional 3,821 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Down 0.3%

NYSE:OGS traded down $0.26 on Friday, reaching $88.96. The company’s stock had a trading volume of 440,304 shares, compared to its average volume of 363,948. ONE Gas has a 12-month low of $70.87 and a 12-month high of $90.78. The company has a quick ratio of 0.48, a current ratio of 0.60 and a debt-to-equity ratio of 0.68. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 2.99 and a beta of 0.75. The stock has a 50 day moving average price of $87.30 and a 200 day moving average price of $82.71.

ONE Gas (NYSE:OGS) last posted its earnings results on Wednesday, February 18th. The utilities provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. The company had revenue of $689.37 million for the quarter, compared to the consensus estimate of $990.44 million. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities analysts anticipate that ONE Gas will post 4.8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OGS shares. Morgan Stanley upped their price target on ONE Gas from $84.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Stifel Nicolaus lifted their price target on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. Truist Financial assumed coverage on ONE Gas in a report on Monday, April 20th. They set a “buy” rating and a $99.00 price target on the stock. Finally, Weiss Ratings upgraded ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ONE Gas has an average rating of “Moderate Buy” and an average price target of $89.00.

About ONE Gas

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.