ONE Gas (NYSE:OGS) Coverage Initiated by Analysts at Scotiabank

Analysts at Scotiabank assumed coverage on shares of ONE Gas (NYSE:OGS) in a report released on Tuesday, MarketBeat.com reports. The brokerage set a “sector outperform” rating and a $86.00 price target on the utilities provider’s stock. Scotiabank’s price target would suggest a potential upside of 20.25% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Wells Fargo & Company raised ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price objective for the company in a report on Thursday, August 6th. Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, September 21st. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. BTIG Research reaffirmed a “buy” rating and issued a $96.00 price target on shares of ONE Gas in a research note on Thursday, July 23rd. Finally, Morgan Stanley cut their price objective on shares of ONE Gas from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Friday, September 18th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.71.

ONE Gas Stock Performance

Shares of OGS stock opened at $71.52 on Tuesday. ONE Gas has a 52 week low of $70.91 and a 52 week high of $90.78. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.97 and a beta of 0.67. The company has a 50-day simple moving average of $78.56 and a 200 day simple moving average of $81.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.19. The firm had revenue of $411.64 million for 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%. The business’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, sell-side analysts predict that ONE Gas will post 4.92 earnings per share for the current year.

Institutional Trading of ONE Gas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OGS. Bessemer Group Inc. increased its holdings in ONE Gas by 61.0% in the first quarter. Bessemer Group Inc. now owns 549 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 208 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of ONE Gas by 495.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the utilities provider’s stock worth $43,000 after buying an additional 466 shares in the last quarter. State of Wyoming acquired a new stake in shares of ONE Gas during the 2nd quarter worth approximately $60,000. EverSource Wealth Advisors LLC grew its holdings in ONE Gas by 25.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 161 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of ONE Gas by 219.3% in the 2nd quarter. Versant Capital Management Inc now owns 878 shares of the utilities provider’s stock valued at $68,000 after buying an additional 603 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

About ONE Gas