ONE Gas (NYSE:OGS) Raised to “Equal Weight” at Wells Fargo & Company

ONE Gas (NYSE:OGS) was upgraded by analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a $85.00 price target on the utilities provider’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 7.24% from the company’s previous close.

A number of other research firms have also recently commented on OGS. BTIG Research reiterated a “buy” rating and set a $96.00 price target on shares of ONE Gas in a report on Thursday, July 23rd. Wall Street Zen cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Truist Financial cut their target price on ONE Gas from $95.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Wolfe Research assumed coverage on ONE Gas in a research note on Tuesday, May 26th. They issued a “peer perform” rating for the company. Finally, Morgan Stanley upped their price target on ONE Gas from $80.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.70.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $79.26 on Thursday. 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. The business has a fifty day moving average price of $78.09 and a 200-day moving average price of $82.56. The company has a market capitalization of $4.97 billion, a PE ratio of 17.08, a PEG ratio of 2.55 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results 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 analyst estimates of $410.29 million. ONE Gas had a return on equity of 8.92% and a net margin of 12.47%.ONE Gas’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities analysts expect that ONE Gas will post 4.88 EPS for the current fiscal year.

Institutional Trading of ONE Gas

Large investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of ONE Gas during the 4th quarter valued at about $25,000. Triumph Capital Management increased its holdings in ONE Gas by 247.0% during the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after buying an additional 247 shares during the last quarter. Garner Asset Management Corp purchased a new stake in ONE Gas during the fourth quarter valued at approximately $29,000. Torren Management LLC bought a new position in ONE Gas in the fourth quarter worth approximately $31,000. Finally, Quarry LP boosted its stake in shares of ONE Gas by 188.0% during the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 267 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

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.