ONE Gas, Inc. (NYSE:OGS) Receives $89.70 Average Target Price from Brokerages

ONE Gas, Inc. (NYSE:OGS) has earned an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $89.70.

OGS has been the topic of several recent analyst reports. Truist Financial reduced their price target on ONE Gas from $95.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings downgraded ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Mizuho reduced their target price on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 9th. Capital One Financial set a $93.00 target price on ONE Gas in a research report on Friday, June 12th. Finally, Wolfe Research initiated coverage on ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating for the company.

Institutional Investors Weigh In On ONE Gas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in ONE Gas in the 2nd quarter worth about $701,266,000. Energy Income Partners LLC bought a new stake in shares of ONE Gas during the second quarter valued at approximately $135,948,000. Alliancebernstein L.P. boosted its holdings in shares of 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 valued at $114,795,000 after purchasing an additional 1,490,492 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of ONE Gas by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock valued at $108,029,000 after purchasing an additional 380,668 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in shares of ONE Gas by 5.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,103,732 shares of the utilities provider’s stock valued at $85,263,000 after purchasing an additional 55,507 shares during the period. Institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

OGS stock opened at $80.35 on Monday. The stock has a market cap of $5.04 billion, a PE ratio of 17.32, a P/E/G ratio of 2.62 and a beta of 0.66. ONE Gas has a 12 month low of $73.91 and a 12 month high of $90.78. The company has a 50-day moving average price of $78.15 and a 200 day moving average price of $82.56. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.19. The company had revenue of $411.64 million for the quarter, compared to analyst estimates of $410.29 million. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts anticipate that ONE Gas will post 4.88 earnings per share for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, August 17th. ONE Gas’s dividend payout ratio (DPR) is currently 58.62%.

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.