Truist Financial Cuts ONE Gas (NYSE:OGS) Price Target to $89.00

ONE Gas (NYSE:OGS) had its price target cut by stock analysts at Truist Financial from $95.00 to $89.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. Truist Financial’s target price would suggest a potential upside of 12.06% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Mizuho dropped their target price on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, June 9th. Wall Street Zen lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. BTIG Research started coverage on ONE Gas in a research report on Friday, June 12th. They set a “buy” rating and a $93.00 target price on the stock. Wells Fargo & Company initiated coverage on shares of ONE Gas in a research report on Monday, May 11th. They set an “underweight” rating and a $85.00 target price on the stock. Finally, Wolfe Research started coverage on shares of ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, ONE Gas presently has a consensus rating of “Hold” and an average price target of $89.40.

ONE Gas Stock Up 1.0%

NYSE OGS traded up $0.81 on Wednesday, reaching $79.42. 80,932 shares of the stock traded hands, compared to its average volume of 554,285. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57. The company has a fifty day moving average price of $78.85 and a 200-day moving average price of $82.40. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 2.69 and a beta of 0.66. ONE Gas has a 12 month low of $71.71 and a 12 month high of $90.78.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The firm had revenue of $831.71 million for the quarter, compared to the consensus estimate of $969.36 million. During the same period in the previous year, the company posted $1.99 EPS. ONE Gas’s quarterly 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, research analysts forecast that ONE Gas will post 4.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OGS. Sprinkle Financial Consultants LLC grew its position in ONE Gas by 19.0% during the 2nd quarter. Sprinkle Financial Consultants LLC now owns 35,372 shares of the utilities provider’s stock worth $2,726,000 after purchasing an additional 5,638 shares during the period. GAMMA Investing LLC increased its holdings in ONE Gas by 10.4% in the second quarter. GAMMA Investing LLC now owns 2,089 shares of the utilities provider’s stock valued at $161,000 after buying an additional 197 shares in the last quarter. Versant Capital Management Inc raised its position in shares of ONE Gas by 219.3% in the second quarter. Versant Capital Management Inc now owns 878 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 603 shares during the period. Groupe la Francaise grew its position in shares of ONE Gas by 6.8% during the 1st quarter. Groupe la Francaise now owns 5,132 shares of the utilities provider’s stock valued at $442,000 after acquiring an additional 327 shares during the period. Finally, Amundi increased its stake in shares of ONE Gas by 189.7% in the 1st quarter. Amundi now owns 20,117 shares of the utilities provider’s stock valued at $1,733,000 after purchasing an additional 13,174 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

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.