Bank of America Boosts ONE Gas (NYSE:OGS) Price Target to $92.00

ONE Gas (NYSE:OGS) had its price target hoisted by Bank of America from $90.00 to $92.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. Bank of America‘s price objective points to a potential upside of 16.82% from the company’s previous close.

Several other research firms have also issued reports on OGS. Jefferies Financial Group increased their target price on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Morgan Stanley reiterated an “underperform” rating and issued a $75.00 price target on shares of ONE Gas in a research report on Thursday, November 20th. Mizuho increased their price objective on shares of ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group upgraded shares of ONE Gas from a “sell” rating to a “neutral” rating and raised their price objective for the company from $66.00 to $86.00 in a research report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONE Gas in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, ONE Gas currently has a consensus rating of “Hold” and a consensus target price of $86.29.

ONE Gas Trading Up 0.0%

NYSE:OGS opened at $78.76 on Thursday. ONE Gas has a one year low of $66.38 and a one year high of $83.96. The business has a fifty day moving average price of $81.38 and a 200-day moving average price of $76.76. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 2.71 and a beta of 0.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.33.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $379.13 million during the quarter, compared to analyst estimates of $404.19 million. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.ONE Gas’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Sell-side analysts forecast that ONE Gas will post 4.26 EPS for the current year.

Institutional Trading of ONE Gas

Hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. lifted its position in shares of 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 buying an additional 1,490,492 shares in the last quarter. Norges Bank bought a new stake in ONE Gas in the 2nd quarter worth approximately $47,922,000. Nuveen LLC purchased a new stake in shares of ONE Gas during the 1st quarter worth approximately $29,697,000. Squarepoint Ops LLC boosted its position in shares of ONE Gas by 187.1% during the 2nd quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock valued at $39,560,000 after acquiring an additional 358,779 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of ONE Gas by 1,811.7% in the second quarter. Marshall Wace LLP now owns 256,498 shares of the utilities provider’s stock valued at $18,432,000 after purchasing an additional 243,081 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.