ONE Gas, Inc. (NYSE:OGS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of ONE Gas, Inc. (NYSE:OGS) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $89.90.

OGS has been the subject of several analyst reports. Truist Financial cut their price target on ONE Gas from $99.00 to $95.00 and set a “buy” rating for the company in a report on Monday, May 18th. Wolfe Research began coverage on ONE Gas in a report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Capital One Financial set a $93.00 price objective on ONE Gas in a research report on Friday, June 12th. BTIG Research initiated coverage on ONE Gas in a research note on Friday, June 12th. They issued a “buy” rating and a $93.00 target price for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ONE Gas in a research report on Friday, June 26th.

ONE Gas Stock Performance

Shares of NYSE OGS opened at $78.24 on Thursday. The company has a market cap of $4.91 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 2.65 and a beta of 0.66. ONE Gas has a 12 month low of $71.71 and a 12 month high of $90.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. The company has a 50-day simple moving average of $80.14 and a 200-day simple moving average of $82.31.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.02). ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The firm had revenue of $831.71 million for the quarter, compared to analysts’ expectations of $969.36 million. During the same period in the previous year, the company posted $1.99 EPS. The business’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. On average, equities analysts anticipate that ONE Gas will post 4.72 earnings per share for the current year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. ONE Gas’s dividend payout ratio is currently 61.40%.

Institutional Investors Weigh In On ONE Gas

Several hedge funds have recently modified their holdings of OGS. V Square Quantitative Management LLC purchased a new stake in ONE Gas in the fourth quarter valued at approximately $25,000. Triumph Capital Management raised its stake in ONE Gas by 247.0% during the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 247 shares during the period. Garner Asset Management Corp purchased a new position in ONE Gas during the fourth quarter worth approximately $29,000. Torren Management LLC acquired a new position in shares of ONE Gas in the 4th quarter valued at $31,000. Finally, Quarry LP boosted its holdings in shares of ONE Gas by 188.0% in the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 267 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

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.