ONE Gas, Inc. (NYSE:OGS) Receives $89.90 Average PT from Brokerages

Shares of ONE Gas, Inc. (NYSE:OGS) have received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $89.90.

Several equities analysts have recently issued reports on the stock. Truist Financial dropped their price target on shares of ONE Gas from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Morgan Stanley set a $80.00 price objective on ONE Gas in a report on Wednesday, June 24th. Wolfe Research started coverage on ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Mizuho cut their target price on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, June 9th. Finally, Weiss Ratings downgraded ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th.

ONE Gas Stock Performance

ONE Gas stock opened at $78.06 on Thursday. The business has a 50 day moving average of $79.30 and a 200-day moving average of $82.35. The company has a market capitalization of $4.90 billion, a P/E ratio of 17.62, a P/E/G ratio of 2.69 and a beta of 0.66. ONE Gas has a 1 year low of $71.71 and a 1 year high of $90.78. 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 (NYSE:OGS) last posted its earnings results on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.02). ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The business had revenue of $831.71 million for the quarter, compared to analyst estimates of $969.36 million. During the same quarter in the prior year, the business earned $1.99 earnings per share. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities research analysts predict that ONE Gas will post 4.72 earnings per share for the current year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, May 18th. ONE Gas’s payout ratio is currently 61.40%.

Institutional Trading of ONE Gas

Several institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in ONE Gas during the 4th quarter worth approximately $25,000. Triumph Capital Management lifted its position in shares of ONE Gas by 247.0% in the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 247 shares during the period. Garner Asset Management Corp bought a new stake in shares of ONE Gas in the 4th quarter valued at $29,000. Torren Management LLC acquired a new stake in shares of ONE Gas during the fourth quarter worth $31,000. Finally, Quarry LP increased 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 buying an additional 267 shares during the period. 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.