ONE Gas (NYSE:OGS) Upgraded by Wells Fargo & Company to “Strong Sell” Rating

ONE Gas (NYSE:OGS) was upgraded by stock analysts at Wells Fargo & Company to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts also recently commented on OGS. Truist Financial assumed coverage on shares of ONE Gas in a research note on Monday, April 20th. They set a “buy” rating and a $99.00 price objective for the company. Morgan Stanley upped their price objective on shares of ONE Gas from $84.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Stifel Nicolaus upped their price objective on shares of ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings raised shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.50.

ONE Gas Trading Down 0.1%

NYSE OGS opened at $84.87 on Monday. ONE Gas has a 12 month low of $70.87 and a 12 month high of $90.78. The company has a 50-day moving average of $87.21 and a 200-day moving average of $82.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. The company has a market cap of $5.33 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.80 and a beta of 0.72.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The company had revenue of $831.71 million for the quarter, compared to analyst estimates of $969.36 million. During the same period in the prior year, the company earned $1.99 EPS. The company’s revenue was down 11.1% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities analysts predict that ONE Gas will post 4.86 earnings per share for the current year.

Insider Transactions at ONE Gas

In related news, insider Brian F. Brumfield sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total transaction of $86,440.00. Following the completion of the sale, the insider owned 2,246 shares of the company’s stock, valued at approximately $194,144.24. This represents a 30.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.92% of the company’s stock.

Institutional Trading of ONE Gas

Several large investors have recently bought and sold shares of OGS. Alliancebernstein L.P. grew its position in ONE Gas by 1,393.0% in the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock valued at $114,795,000 after acquiring an additional 1,490,492 shares in the last quarter. Norges Bank acquired a new stake in ONE Gas in the fourth quarter valued at approximately $70,767,000. Nuveen LLC grew its position in ONE Gas by 101.1% in the fourth quarter. Nuveen LLC now owns 776,495 shares of the utilities provider’s stock valued at $59,984,000 after acquiring an additional 390,344 shares in the last quarter. Goldman Sachs Group Inc. grew its position in ONE Gas by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock valued at $108,029,000 after acquiring an additional 380,668 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in ONE Gas by 187.1% in the second quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock valued at $39,560,000 after acquiring an additional 358,779 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Company Profile

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.