ONE Gas (NYSE:OGS) Upgraded at BTIG Research

ONE Gas (NYSE:OGS) was upgraded by stock analysts at BTIG Research to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

OGS has been the topic of several other reports. Capital One Financial set a $93.00 price target on shares of ONE Gas in a report on Friday. Mizuho decreased their price objective on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday. Morgan Stanley set a $82.00 target price on shares of ONE Gas in a research report on Thursday, May 21st. Truist Financial reduced their target price on ONE Gas from $99.00 to $95.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, Wolfe Research began coverage on ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.10.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $77.85 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.89 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66. The stock’s fifty day simple moving average is $84.23 and its two-hundred day simple moving average is $82.59. ONE Gas has a 1-year low of $70.87 and a 1-year high of $90.78.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.02). The firm had revenue of $831.71 million during the quarter, compared to the consensus estimate of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The business’s revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.99 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, analysts forecast that ONE Gas will post 4.72 EPS for the current fiscal year.

Institutional Investors Weigh In On ONE Gas

Several large investors have recently modified their holdings of OGS. CWA Asset Management Group LLC bought a new position in ONE Gas during the fourth quarter valued at $2,037,000. Hudson Bay Capital Management LP bought a new stake in shares of ONE Gas in the third quarter valued at $1,628,000. Cresset Asset Management LLC purchased a new position in shares of ONE Gas during the 3rd quarter valued at $1,416,000. Ontario Teachers Pension Plan Board bought a new position in shares of ONE Gas during the 3rd quarter worth $2,233,000. Finally, SG Americas Securities LLC grew its stake in shares of ONE Gas by 3,436.1% during the 4th quarter. SG Americas Securities LLC now owns 136,811 shares of the utilities provider’s stock worth $10,569,000 after acquiring an additional 132,942 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

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.