Wells Fargo & Company Upgrades ONE Gas (NYSE:OGS) to Strong Sell

ONE Gas (NYSE:OGS) was upgraded by equities researchers at Wells Fargo & Company to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on OGS. Morgan Stanley boosted their price objective on shares of ONE Gas from $84.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Truist Financial started coverage on shares of ONE Gas in a report on Monday, April 20th. They set a “buy” rating and a $99.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings upgraded shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.50.

ONE Gas Trading Down 0.1%

Shares of OGS opened at $84.87 on Monday. The firm’s 50 day simple moving average is $87.21 and its 200 day simple moving average is $82.90. The company has a market capitalization of $5.33 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.80 and a beta of 0.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. ONE Gas has a 1-year low of $70.87 and a 1-year high of $90.78.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). The company had revenue of $831.71 million during the quarter, compared to analysts’ expectations of $969.36 million. ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Sell-side analysts forecast that ONE Gas will post 4.86 earnings per share for the current fiscal year.

Insider Transactions at ONE Gas

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total transaction of $86,440.00. Following the completion of the sale, the insider directly owned 2,246 shares of the company’s stock, valued at $194,144.24. This trade represents a 30.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.92% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allianz Asset Management GmbH lifted its position in ONE Gas by 23.4% in the third quarter. Allianz Asset Management GmbH now owns 103,050 shares of the utilities provider’s stock worth $8,341,000 after buying an additional 19,522 shares during the last quarter. Federated Hermes Inc. lifted its position in ONE Gas by 269.0% in the third quarter. Federated Hermes Inc. now owns 42,902 shares of the utilities provider’s stock worth $3,472,000 after buying an additional 31,275 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in ONE Gas in the fourth quarter worth $2,037,000. Hudson Bay Capital Management LP bought a new stake in ONE Gas in the third quarter worth $1,628,000. Finally, Jackson Creek Investment Advisors LLC bought a new stake in ONE Gas in the third quarter worth $1,925,000. 88.71% of the stock is currently owned by institutional investors.

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.