ONE Gas, Inc. (NYSE:OGS) Receives Average Rating of “Moderate Buy” from Brokerages

ONE Gas, Inc. (NYSE:OGS) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $89.00.

A number of research analysts have recently weighed in on OGS shares. Stifel Nicolaus increased their price objective on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. Truist Financial started coverage on ONE Gas in a report on Monday, April 20th. They issued a “buy” rating and a $99.00 price objective on the stock. Morgan Stanley increased their price objective on ONE Gas from $84.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th.

Insider Buying and Selling at ONE Gas

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp increased its holdings in shares of ONE Gas by 3.4% in the third quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock valued at $304,000 after purchasing an additional 125 shares during the period. Corient Private Wealth LLC boosted its stake in shares of ONE Gas by 3.5% in the fourth quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock worth $312,000 after buying an additional 135 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of ONE Gas by 16.3% in the fourth quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock worth $78,000 after buying an additional 141 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of ONE Gas by 25.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock worth $62,000 after buying an additional 161 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of ONE Gas by 0.4% in the fourth quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock worth $3,137,000 after buying an additional 164 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Trading Down 0.3%

Shares of NYSE:OGS opened at $88.96 on Friday. The business’s 50-day moving average is $87.30 and its 200 day moving average is $82.71. ONE Gas has a 1 year low of $70.87 and a 1 year high of $90.78. The firm has a market capitalization of $5.58 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.99 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.60 and a quick ratio of 0.48.

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

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.