ONE Gas (NYSE:OGS) Stock Price Expected to Rise, Morgan Stanley Analyst Says

ONE Gas (NYSE:OGS) had its price target lifted by analysts at Morgan Stanley from $80.00 to $81.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 1.44% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Mizuho decreased their price objective on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 9th. Wall Street Zen downgraded ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Truist Financial cut their price objective on ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Wolfe Research initiated coverage on ONE Gas in a research note on Tuesday, May 26th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company assumed coverage on shares of ONE Gas in a research report on Monday, May 11th. They set an “underweight” rating and a $85.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $90.00.

ONE Gas Trading Up 0.1%

ONE Gas stock traded up $0.06 during mid-day trading on Friday, hitting $79.85. The company’s stock had a trading volume of 165,798 shares, compared to its average volume of 556,225. 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 business has a 50 day moving average price of $79.19 and a 200-day moving average price of $82.37. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 2.65 and a beta of 0.66.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The company had revenue of $831.71 million for the quarter, compared to analysts’ expectations of $969.36 million. During the same period last year, the company posted $1.99 EPS. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, analysts forecast that ONE Gas will post 4.72 EPS for the current year.

Hedge Funds Weigh In On ONE Gas

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ONE Gas by 4.6% during 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 position in ONE Gas by 895.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock valued at $226,000 after buying an additional 2,685 shares in the last quarter. Empowered Funds LLC increased its position in ONE Gas by 9.8% during the 1st quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock valued at $442,000 after buying an additional 522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in ONE Gas by 18.7% during 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 buying 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 worth $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.