ONE Gas (NYSE:OGS) Raised to Hold at Wall Street Zen

ONE Gas (NYSE:OGS) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other research firms have also recently commented on OGS. Morgan Stanley upped their price objective on ONE Gas from $80.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Mizuho decreased their price target 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. Capital One Financial set a $93.00 price objective on ONE Gas in a research report on Friday, June 12th. Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, Wolfe Research started coverage on shares of ONE Gas in a research note on Tuesday, May 26th. They set a “peer perform” rating for the company. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $89.70.

ONE Gas Trading Up 0.2%

Shares of OGS stock opened at $80.35 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. ONE Gas has a twelve month low of $73.91 and a twelve month high of $90.78. The company’s 50-day moving average price is $78.15 and its 200-day moving average price is $82.58. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 2.64 and a beta of 0.66.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.19. The firm had revenue of $411.64 million during the quarter, compared to analysts’ expectations of $410.29 million. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. ONE Gas’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.53 earnings per share. 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 4.88 earnings per share for the current year.

Institutional Investors Weigh In On ONE Gas

A number of institutional investors have recently modified their holdings of OGS. V Square Quantitative Management LLC purchased a new position in ONE Gas during the 4th quarter valued at about $25,000. Triumph Capital Management grew its position in ONE Gas by 247.0% in the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 247 shares in the last quarter. Garner Asset Management Corp purchased a new stake in ONE Gas during the fourth quarter worth about $29,000. Torren Management LLC purchased a new stake in ONE Gas during the fourth quarter worth about $31,000. Finally, Quarry LP lifted its position in shares of ONE Gas by 188.0% during the fourth quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 267 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

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.