Wall Street Zen Upgrades ONE Gas (NYSE:OGS) to “Hold”

ONE Gas (NYSE:OGS) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also issued reports on the stock. BTIG Research set a $89.00 price target on shares of ONE Gas in a report on Tuesday, October 20th. Scotiabank began coverage on ONE Gas in a report on Tuesday, September 29th. They set a “sector outperform” rating and a $86.00 price objective for the company. Truist Financial lowered their price objective on ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Jefferies Financial Group lowered ONE Gas from a “buy” rating to a “hold” rating and reduced their target price for the company from $103.00 to $80.00 in a research report on Wednesday, October 7th. Finally, LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 target price on the stock in a research report on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.46.

ONE Gas Trading Up 0.1%

ONE Gas stock opened at $78.01 on Friday. The business has a 50-day simple moving average of $76.47 and a two-hundred day simple moving average of $79.63. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The company has a market cap of $4.90 billion, a P/E ratio of 16.81, a P/E/G ratio of 2.14 and a beta of 0.64. ONE Gas has a 52-week low of $70.37 and a 52-week high of $90.78.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $410.29 million. During the same period last year, the firm posted $0.53 EPS. The company’s revenue was down 2.8% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Analysts predict that ONE Gas will post 4.91 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Amundi grew its holdings in shares of ONE Gas by 189.7% in the first quarter. Amundi now owns 20,117 shares of the utilities provider’s stock worth $1,733,000 after acquiring an additional 13,174 shares during the period. Energy Income Partners LLC bought a new stake in ONE Gas during the second quarter valued at about $135,948,000. BlackRock Inc. bought a new stake in shares of ONE Gas during the second quarter valued at approximately $701,266,000. Ieq Capital LLC bought a new position in shares of ONE Gas during the 2nd quarter valued at about $3,428,000. Finally, Fifth Third Bancorp raised its holdings in shares of ONE Gas by 2,807.9% during the 1st quarter. Fifth Third Bancorp now owns 20,355 shares of the utilities provider’s stock worth $1,753,000 after acquiring an additional 19,655 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

About ONE Gas