Truist Financial Issues Pessimistic Forecast for ONE Gas (NYSE:OGS) Stock Price

ONE Gas (NYSE:OGS) had its price target cut by investment analysts at Truist Financial from $95.00 to $89.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. Truist Financial’s price objective would indicate a potential upside of 11.20% from the company’s current price.

Several other equities analysts also recently weighed in on OGS. Wall Street Zen downgraded ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Mizuho lowered their price target on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, June 9th. Wolfe Research started coverage on shares of ONE Gas in a research note on Tuesday, May 26th. They set a “peer perform” rating for the company. BTIG Research initiated coverage on shares of ONE Gas in a research report on Friday, June 12th. They set a “buy” rating and a $93.00 price objective on the stock. Finally, Morgan Stanley increased their target price on shares of ONE Gas from $80.00 to $81.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ONE Gas currently has a consensus rating of “Hold” and a consensus price target of $89.70.

ONE Gas Trading Down 0.3%

Shares of NYSE OGS opened at $80.03 on Wednesday. The business’s 50 day moving average is $78.69 and its two-hundred day moving average is $82.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. ONE Gas has a 1-year low of $71.71 and a 1-year high of $90.78. The stock has a market capitalization of $5.02 billion, a P/E ratio of 18.07, a PEG ratio of 2.72 and a beta of 0.66.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). The company had revenue of $831.71 million for the quarter, compared to analysts’ expectations of $969.36 million. ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter last year, the company earned $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, research analysts expect that ONE Gas will post 4.74 EPS for the current year.

Institutional Investors Weigh In On ONE Gas

Hedge funds and other institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in ONE Gas during the 4th quarter valued at $25,000. Triumph Capital Management grew its position in ONE Gas by 247.0% in the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 247 shares during the last quarter. Garner Asset Management Corp purchased a new stake in ONE Gas in the fourth quarter worth $29,000. Torren Management LLC purchased a new stake in ONE Gas in the fourth quarter worth $31,000. Finally, Quarry LP lifted its position in shares of 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. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

About ONE Gas

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.