ONE Gas (NYSE:OGS) Reaches New 52-Week Low – Time to Sell?

Shares of ONE Gas, Inc. (NYSE:OGS) reached a new 52-week low during trading on Thursday. The company traded as low as $70.37 and last traded at $70.9740, with a volume of 14142 shares traded. The stock had previously closed at $71.87.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. BTIG Research restated a “buy” rating and set a $96.00 price objective on shares of ONE Gas in a research report on Thursday, July 23rd. Truist Financial decreased their target price on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Morgan Stanley dropped their target price on ONE Gas from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Finally, Scotiabank initiated coverage on ONE Gas in a research note on Tuesday. They set a “sector outperform” rating and a $86.00 price target for the company. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $88.71.

ONE Gas Price Performance

The company has a market capitalization of $4.47 billion, a P/E ratio of 15.28, a PEG ratio of 1.98 and a beta of 0.67. The stock’s fifty day simple moving average is $78.27 and its 200-day simple moving average is $81.09. 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 quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.19. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The business had revenue of $411.64 million for the quarter, compared to analyst estimates of $410.29 million. During the same period in the previous year, the company posted $0.53 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities analysts forecast that ONE Gas, Inc. will post 4.92 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a dividend of $0.68 per share. The ex-dividend date was Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.8%. ONE Gas’s payout ratio is 58.62%.

Institutional Investors Weigh In On ONE Gas

Several hedge funds have recently modified their holdings of OGS. Caitong International Asset Management Co. Ltd increased its position in ONE Gas by 495.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 466 shares during the period. Bessemer Group Inc. boosted its holdings in ONE Gas by 61.0% in the 1st quarter. Bessemer Group Inc. now owns 549 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 208 shares during the period. State of Wyoming acquired a new stake in ONE Gas in the 2nd quarter worth $60,000. EverSource Wealth Advisors LLC grew its position in ONE Gas by 25.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 161 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of ONE Gas by 219.3% during the 2nd quarter. Versant Capital Management Inc now owns 878 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 603 shares during the period. 88.71% of the stock is owned by institutional investors.

ONE Gas Company Profile