ONE Gas (NYSE:OGS) Now Covered by Analysts at Wolfe Research

Research analysts at Wolfe Research assumed coverage on shares of ONE Gas (NYSE:OGS) in a research note issued to investors on Tuesday. The brokerage set a “peer perform” rating on the utilities provider’s stock.

Several other brokerages also recently issued reports on OGS. Stifel Nicolaus raised their target price on shares of ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Morgan Stanley set a $82.00 target price on shares of ONE Gas in a research note on Thursday. Weiss Ratings upgraded shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Wells Fargo & Company began 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 for the company. Finally, Wall Street Zen downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.50.

ONE Gas Stock Down 0.8%

Shares of ONE Gas stock traded down $0.63 during trading hours on Tuesday, reaching $81.87. 156,175 shares of the company’s stock were exchanged, compared to its average volume of 487,065. The company has a 50 day moving average of $86.51 and a two-hundred day moving average of $82.97. ONE Gas has a fifty-two week low of $70.87 and a fifty-two week high of $90.78. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. The stock has a market cap of $5.14 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.80 and a beta of 0.72.

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). ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The business had revenue of $831.71 million for the quarter, compared to analyst estimates of $969.36 million. During the same quarter in the prior year, the company earned $1.99 earnings per share. The company’s quarterly revenue was down 11.1% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, sell-side analysts forecast that ONE Gas will post 4.72 EPS for the current fiscal year.

Hedge Funds Weigh In On ONE Gas

Institutional investors have recently modified their holdings of the business. Groupe la Francaise boosted its stake in ONE Gas by 6.8% in the first quarter. Groupe la Francaise now owns 5,132 shares of the utilities provider’s stock valued at $442,000 after buying an additional 327 shares in the last quarter. Amundi increased its stake in shares of ONE Gas by 189.7% in the first quarter. Amundi now owns 20,117 shares of the utilities provider’s stock valued at $1,733,000 after buying an additional 13,174 shares during the period. EverSource Wealth Advisors LLC raised its holdings in ONE Gas by 96.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,566 shares of the utilities provider’s stock valued at $135,000 after buying an additional 767 shares during the last quarter. California State Teachers Retirement System boosted its position in ONE Gas by 21.0% during the 1st quarter. California State Teachers Retirement System now owns 70,430 shares of the utilities provider’s stock worth $6,066,000 after buying an additional 12,245 shares during the period. Finally, Energy Income Partners LLC boosted its position in ONE Gas by 1.1% during the 1st quarter. Energy Income Partners LLC now owns 1,331,076 shares of the utilities provider’s stock worth $114,646,000 after buying an additional 14,085 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

About ONE Gas

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.