ONE Gas (NYSE:OGS) Posts Quarterly Earnings Results

ONE Gas (NYSE:OGS) issued its quarterly earnings results on Tuesday. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.19, Zacks reports. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%. ONE Gas updated its FY 2026 guidance to 4.830-4.950 EPS.

ONE Gas Price Performance

Shares of OGS traded down $0.97 during trading hours on Tuesday, reaching $77.43. 685,805 shares of the company’s stock traded hands, compared to its average volume of 552,878. ONE Gas has a 12 month low of $71.71 and a 12 month high of $90.78. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.86 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.56 and a beta of 0.66. The firm’s 50 day simple moving average is $78.22 and its 200-day simple moving average is $82.56.

Hedge Funds Weigh In On ONE Gas

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Triumph Capital Management raised its position in shares of ONE Gas by 247.0% during the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after buying an additional 247 shares in the last quarter. Quarry LP lifted its stake in 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 purchasing an additional 267 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in ONE Gas by 85.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 203 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of ONE Gas in the 3rd quarter worth about $36,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of ONE Gas in the 2nd quarter worth about $50,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Mizuho dropped their price target on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 9th. Capital One Financial set a $93.00 target price on ONE Gas in a research report on Friday, June 12th. Weiss Ratings lowered ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Wells Fargo & Company assumed coverage on ONE Gas in a research report on Monday, May 11th. They set an “underweight” rating and a $85.00 price target on the stock. Finally, Truist Financial reduced their price objective on shares of ONE Gas from $95.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $89.70.

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.