ONE Gas (NYSE:OGS) Stock Rating Upgraded by Wells Fargo & Company

ONE Gas (NYSE:OGS) was upgraded by research analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a $85.00 price objective on the utilities provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 7.24% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Wall Street Zen lowered ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Capital One Financial set a $93.00 target price on ONE Gas in a research note on Friday, June 12th. Morgan Stanley upped their price target on ONE Gas from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, Wolfe Research started coverage on shares of ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, ONE Gas has an average rating of “Hold” and an average price target of $89.70.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $79.26 on Thursday. 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 company has a market capitalization of $4.97 billion, a P/E ratio of 17.08, a P/E/G ratio of 2.55 and a beta of 0.66. The firm’s 50 day simple moving average is $78.09 and its two-hundred day simple moving average is $82.56.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 12.47% and a return on equity of 8.92%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Research analysts expect that ONE Gas will post 4.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OGS. Alliancebernstein L.P. increased its stake in ONE Gas by 1,393.0% in the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock worth $114,795,000 after purchasing an additional 1,490,492 shares during the period. Norges Bank bought a new position in shares of ONE Gas in the fourth quarter worth about $70,767,000. Nuveen LLC grew its holdings in shares of ONE Gas by 101.1% in the fourth quarter. Nuveen LLC now owns 776,495 shares of the utilities provider’s stock worth $59,984,000 after purchasing an additional 390,344 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in ONE Gas by 37.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock worth $108,029,000 after buying an additional 380,668 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in ONE Gas by 187.1% during the 2nd quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock valued at $39,560,000 after buying an additional 358,779 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

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.