ONE Gas (NYSE:OGS) Now Covered by Analysts at Wolfe Research

Stock analysts at Wolfe Research initiated coverage on shares of ONE Gas (NYSE:OGS) in a research report issued to clients and investors on Tuesday. The firm set a “peer perform” rating on the utilities provider’s stock.

A number of other brokerages also recently issued reports on OGS. Wall Street Zen downgraded ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Morgan Stanley set a $82.00 price objective on shares of ONE Gas in a research report on Thursday. Wells Fargo & Company assumed coverage on shares of ONE Gas in a research report on Monday, May 11th. They set an “underweight” rating and a $85.00 target price on the stock. Weiss Ratings raised shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Finally, Truist Financial decreased 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. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $89.50.

ONE Gas Trading Down 0.8%

Shares of NYSE OGS traded down $0.63 during trading on Tuesday, reaching $81.87. The company had a trading volume of 156,175 shares, compared to its average volume of 487,065. The company’s fifty day moving average price is $86.51 and its 200-day moving average price is $82.97. ONE Gas has a 12 month low of $70.87 and a 12 month high of $90.78. The stock has a market cap of $5.14 billion, a P/E ratio of 18.48, a PEG ratio of 2.80 and a beta of 0.72. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The company had revenue of $831.71 million during the quarter, compared to the consensus estimate of $969.36 million. During the same quarter last year, the firm posted $1.99 EPS. The company’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. As a group, research analysts expect that ONE Gas will post 4.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OGS. Alliancebernstein L.P. raised its position in ONE Gas by 1,393.0% in the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock worth $114,795,000 after acquiring an additional 1,490,492 shares during the period. Norges Bank bought a new stake in ONE Gas in the fourth quarter worth about $70,767,000. Nuveen LLC raised its position in ONE Gas by 101.1% in the fourth quarter. Nuveen LLC now owns 776,495 shares of the utilities provider’s stock worth $59,984,000 after acquiring an additional 390,344 shares during the period. Goldman Sachs Group Inc. raised its position in ONE Gas by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock worth $108,029,000 after acquiring an additional 380,668 shares during the period. Finally, Squarepoint Ops LLC raised its position in ONE Gas by 187.1% in the second quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock worth $39,560,000 after acquiring an additional 358,779 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

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.