ONE Gas (NYSE:OGS) Reaches New 52-Week Low – Time to Sell?

ONE Gas, Inc. (NYSE:OGS) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $71.66 and last traded at $71.8050, with a volume of 189425 shares changing hands. The stock had previously closed at $72.29.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OGS. Weiss Ratings upgraded shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Capital One Financial set a $93.00 price target on shares of ONE Gas in a report on Friday, June 12th. Truist Financial reduced their price objective on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Mizuho lowered their price objective on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, June 9th. Finally, LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 target price for the company in a research note on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $88.95.

ONE Gas Trading Down 0.4%

The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 2.02 and a beta of 0.67. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48. The business has a fifty day moving average of $79.04 and a two-hundred day moving average of $81.61.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.19. The firm had revenue of $411.64 million during the quarter, compared to analysts’ expectations of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.ONE Gas’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities analysts expect that ONE Gas, Inc. will post 4.92 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.68 dividend. The ex-dividend date was Monday, August 17th. This represents a $2.72 annualized dividend and a dividend yield of 3.8%. ONE Gas’s payout ratio is currently 58.62%.

Institutional Investors Weigh In On ONE Gas

A number of large investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC raised its position in ONE Gas by 9.4% during the second quarter. Sequoia Financial Advisors LLC now owns 7,933 shares of the utilities provider’s stock worth $611,000 after acquiring an additional 681 shares during the last quarter. Tidal Investments LLC increased its stake in shares of ONE Gas by 1.9% during the 2nd quarter. Tidal Investments LLC now owns 160,107 shares of the utilities provider’s stock worth $12,339,000 after purchasing an additional 2,919 shares in the last quarter. WINTON GROUP Ltd increased its stake in shares of ONE Gas by 11.9% during the 2nd quarter. WINTON GROUP Ltd now owns 17,683 shares of the utilities provider’s stock worth $1,363,000 after purchasing an additional 1,876 shares in the last quarter. Engineers Gate Manager LP raised its position in shares of ONE Gas by 215.1% during the 2nd quarter. Engineers Gate Manager LP now owns 37,634 shares of the utilities provider’s stock worth $2,900,000 after purchasing an additional 25,690 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in ONE Gas in the 2nd quarter valued at approximately $157,000. 88.71% of the stock is owned by institutional investors and hedge funds.

About ONE Gas