ONE Gas (NYSE:OGS) Reaches New 12-Month Low – Time to Sell?

ONE Gas, Inc. (NYSE:OGS) reached a new 52-week low on Friday . The company traded as low as $74.69 and last traded at $75.05, with a volume of 115814 shares changing hands. The stock had previously closed at $76.24.

Analyst Ratings Changes

Several research firms have recently weighed in on OGS. Mizuho lowered their price objective on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 9th. Wells Fargo & Company upgraded ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price for the company in a research report on Thursday, August 6th. Capital One Financial set a $93.00 price target on ONE Gas in a research note on Friday, June 12th. Wolfe Research started coverage on ONE Gas in a research note on Tuesday, May 26th. They set a “peer perform” rating for the company. Finally, Wall Street Zen raised ONE Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, ONE Gas has a consensus rating of “Moderate Buy” and a consensus price target of $89.23.

ONE Gas Price Performance

The stock has a market capitalization of $4.71 billion, a P/E ratio of 16.16, a PEG ratio of 2.10 and a beta of 0.67. The company’s 50 day simple moving average is $79.46 and its two-hundred day simple moving average is $81.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37.

ONE Gas (NYSE:OGS) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.19. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The company had revenue of $411.64 million during the quarter, compared to analysts’ expectations of $410.29 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. ONE Gas’s quarterly revenue was down 2.8% 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 expect that ONE Gas, Inc. will post 4.91 EPS for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, August 17th. ONE Gas’s dividend payout ratio (DPR) is currently 58.62%.

Institutional Trading of ONE Gas

Large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in ONE Gas in the second quarter worth about $701,266,000. Energy Income Partners LLC acquired a new position in ONE Gas during the 2nd quarter valued at about $135,948,000. Goldman Sachs Group Inc. lifted its position in ONE Gas by 37.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock valued at $108,029,000 after purchasing an additional 380,668 shares during the period. Norges Bank bought a new position in shares of ONE Gas in the 4th quarter valued at about $70,767,000. Finally, Bank of New York Mellon Corp grew its position in shares of ONE Gas by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 763,877 shares of the utilities provider’s stock worth $65,793,000 after buying an additional 16,697 shares during the period. Institutional investors own 88.71% of the company’s stock.

About ONE Gas