Scotiabank Begins Coverage on ONE Gas (NYSE:OGS)

Investment analysts at Scotiabank assumed coverage on shares of ONE Gas (NYSE:OGS) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set a “sector outperform” rating and a $86.00 price target on the utilities provider’s stock. Scotiabank’s price objective would suggest a potential upside of 20.25% from the company’s previous close.

OGS has been the topic of a number of other research reports. Wells Fargo & Company upgraded ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price on the stock in a report on Thursday, August 6th. BTIG Research reiterated a “buy” rating and set a $96.00 price target on shares of ONE Gas in a report on Thursday, July 23rd. Capital One Financial set a $93.00 price target on ONE Gas in a research report on Friday, June 12th. Mizuho dropped their price objective 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. Finally, LADENBURG THALM/SH SH raised shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective on the stock in a report on Thursday, August 13th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.71.

ONE Gas Trading Down 0.4%

NYSE:OGS opened at $71.52 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37. ONE Gas has a one year low of $70.91 and a one year high of $90.78. The company has a market cap of $4.50 billion, a PE ratio of 15.41, a PEG ratio of 1.97 and a beta of 0.67. The firm has a 50-day moving average of $78.56 and a 200-day moving average of $81.29.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.19. The business had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities research analysts expect that ONE Gas will post 4.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OGS. Amundi increased its stake in shares of ONE Gas by 189.7% during the 1st quarter. Amundi now owns 20,117 shares of the utilities provider’s stock worth $1,733,000 after purchasing an additional 13,174 shares during the last quarter. Energy Income Partners LLC purchased a new position in ONE Gas in the second quarter valued at approximately $135,948,000. BlackRock Inc. purchased a new position in ONE Gas in the second quarter valued at approximately $701,266,000. ExodusPoint Capital Management LP grew its holdings in ONE Gas by 314.3% during the fourth quarter. ExodusPoint Capital Management LP now owns 210,820 shares of the utilities provider’s stock valued at $16,286,000 after purchasing an additional 159,934 shares during the period. Finally, Fifth Third Bancorp grew its holdings in ONE Gas by 2,807.9% during the first quarter. Fifth Third Bancorp now owns 20,355 shares of the utilities provider’s stock valued at $1,753,000 after purchasing an additional 19,655 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Company Profile