ONE Gas (NYSE:OGS) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of ONE Gas (NYSE:OGS) from a hold rating to a sell rating in a research note published on Saturday morning.

Other equities analysts have also issued research reports about the company. Truist Financial assumed coverage on ONE Gas in a research note on Monday, April 20th. They issued a “buy” rating and a $99.00 price objective on the stock. Wells Fargo & Company assumed coverage on ONE Gas in a research note on Monday, May 11th. They issued an “underweight” rating and a $85.00 price objective on the stock. Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Stifel Nicolaus boosted their price objective on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Finally, Morgan Stanley boosted their price objective on ONE Gas from $84.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ONE Gas has an average rating of “Moderate Buy” and a consensus price target of $90.50.

ONE Gas Price Performance

ONE Gas stock opened at $82.47 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57. The firm has a market cap of $5.18 billion, a P/E ratio of 18.62, a P/E/G ratio of 2.72 and a beta of 0.72. The business’s fifty day moving average is $86.98 and its two-hundred day moving average is $82.91. ONE Gas has a 52 week low of $70.87 and a 52 week high of $90.78.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). The business had revenue of $831.71 million during the quarter, compared to analyst estimates of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.ONE Gas’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.99 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts forecast that ONE Gas will post 4.86 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be given a dividend of $0.68 per share. The ex-dividend date is Monday, May 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.3%. ONE Gas’s payout ratio is presently 61.40%.

Insider Buying and Selling 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 stock was sold at an average price of $86.44, for a total transaction of $86,440.00. Following the completion of the sale, the insider owned 2,246 shares in the company, valued at $194,144.24. The trade was a 30.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ONE Gas

Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in ONE Gas by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock valued at $2,534,000 after purchasing an additional 1,461 shares during the last quarter. NewEdge Advisors LLC increased its holdings in ONE Gas by 895.0% in the first quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 2,685 shares during the last quarter. Empowered Funds LLC increased its holdings in ONE Gas by 9.8% in the first quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock valued at $442,000 after purchasing an additional 522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in ONE Gas by 18.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 219,598 shares of the utilities provider’s stock valued at $16,599,000 after purchasing an additional 34,647 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in ONE Gas in the first quarter valued at about $5,876,000. Institutional investors own 88.71% of the company’s stock.

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.