ONE Gas (NYSE:OGS) Hits New 1-Year Low – Time to Sell?

ONE Gas, Inc. (NYSE:OGS) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $71.66 and last traded at $71.8050, with a volume of 189425 shares changing hands. The stock had previously closed at $72.29.

Analysts Set New Price Targets

OGS has been the topic of a number of research reports. Mizuho cut their price target on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 9th. Morgan Stanley decreased their price objective on ONE Gas from $82.00 to $79.00 and set an “equal weight” rating for the company in a report on Friday, September 18th. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. BTIG Research reissued a “buy” rating and issued a $96.00 target price on shares of ONE Gas in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company upgraded ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price on the stock in a report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.95.

ONE Gas Trading Down 0.0%

The stock has a market cap of $4.52 billion, a P/E ratio of 15.50, a PEG ratio of 1.98 and a beta of 0.67. The firm’s 50-day simple moving average is $78.72 and its 200 day simple moving average is $81.43. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.19. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The business had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities research analysts anticipate that ONE Gas, Inc. will post 4.92 earnings per share for the current year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 17th. ONE Gas’s payout ratio is presently 58.62%.

Hedge Funds Weigh In On ONE Gas

A number of hedge funds have recently modified their holdings of OGS. Bessemer Group Inc. boosted its holdings in shares of 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 buying an additional 208 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of ONE Gas by 495.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 466 shares in the last quarter. State of Wyoming purchased a new stake in shares of ONE Gas in the 2nd quarter valued at approximately $60,000. EverSource Wealth Advisors LLC boosted its stake in ONE Gas by 25.2% in the 4th 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 boosted its stake in ONE Gas by 219.3% in the 2nd quarter. Versant Capital Management Inc now owns 878 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 603 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Company Profile