Brokerages Set ONE Gas, Inc. (NYSE:OGS) Target Price at $89.00
by Scott Moore · The Cerbat GemShares of ONE Gas, Inc. (NYSE:OGS – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $89.00.
A number of equities analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of ONE Gas from $84.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Truist Financial assumed coverage on shares of ONE Gas in a research note on Monday, April 20th. They set a “buy” rating and a $99.00 target price on the stock. Weiss Ratings raised shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Finally, Stifel Nicolaus boosted their target price on shares of ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th.
Read Our Latest Analysis on ONE Gas
Insider Activity at ONE Gas
In other news, insider Brian F. Brumfield sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total transaction of $86,440.00. Following the transaction, the insider directly owned 2,246 shares in the company, valued at $194,144.24. The trade was a 30.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.92% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On ONE Gas
A number of large investors have recently bought and sold shares of OGS. Mackenzie Financial Corp raised its position in ONE Gas by 3.4% in the third quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock worth $304,000 after purchasing an additional 125 shares in the last quarter. Corient Private Wealth LLC raised its position in ONE Gas by 3.5% in the fourth quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock worth $312,000 after purchasing an additional 135 shares in the last quarter. Parallel Advisors LLC raised its position in ONE Gas by 16.3% in the fourth quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 141 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in ONE Gas by 25.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 161 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in ONE Gas by 0.4% in the fourth quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock worth $3,137,000 after purchasing an additional 164 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.
ONE Gas Price Performance
NYSE OGS opened at $87.72 on Friday. The stock has a market capitalization of $5.51 billion, a P/E ratio of 20.07, a P/E/G ratio of 2.28 and a beta of 0.75. ONE Gas has a 1 year low of $70.87 and a 1 year high of $90.78. The business’s fifty day moving average is $87.10 and its two-hundred day moving average is $82.58. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.60.
ONE Gas (NYSE:OGS – Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The company had revenue of $689.37 million for the quarter, compared to analysts’ expectations of $990.44 million. During the same quarter in the prior year, the company earned $1.34 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, research analysts forecast that ONE Gas will post 4.77 earnings per share for the current fiscal year.
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.