Morgan Stanley Has Lowered Expectations for ONE Gas (NYSE:OGS) Stock Price

Key Points

• Morgan Stanley lowered its ONE Gas price target from $82 to $79 while maintaining an “equal weight” rating, implying roughly 5.35% upside from the prior close.
• ONE Gas shares fell 1.6% to $74.98, near their 52-week low of $74.65. Analysts have a “Moderate Buy” consensus rating and an average price target of $88.95.
• The company beat quarterly earnings expectations, reporting $0.82 EPS versus the $0.63 consensus, though revenue declined 2.8% year over year. Institutional investors own approximately 88.7% of the stock.

ONE Gas (NYSE:OGS - Get Free Report) had its target price cut by equities researchers at Morgan Stanley from $82.00 to $79.00 in a research note issued on Friday, Benzinga reports. The firm presently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's price objective points to a potential upside of 5.35% from the company's previous close.

A number of other analysts have also issued reports on OGS. Truist Financial dropped their target price on ONE Gas from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. Mizuho cut their target price on ONE Gas from $94.00 to $89.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 9th. Wolfe Research began coverage on ONE Gas in a research note on Tuesday, May 26th. They set a "peer perform" rating for the company. Capital One Financial set a $93.00 price objective on ONE Gas in a report on Friday, June 12th. Finally, Weiss Ratings downgraded shares of ONE Gas from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, ONE Gas presently has an average rating of "Moderate Buy" and a consensus target price of $88.95.

ONE Gas Trading Down 1.6%

Shares of NYSE OGS traded down $1.25 on Friday, reaching $74.98. 220,220 shares of the company traded hands, compared to its average volume of 540,107. The company has a 50 day moving average of $79.46 and a 200 day moving average of $81.99. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. ONE Gas has a fifty-two week low of $74.65 and a fifty-two week high of $90.78. The stock has a market capitalization of $4.71 billion, a PE ratio of 16.16, a P/E/G ratio of 2.10 and a beta of 0.67.

ONE Gas (NYSE:OGS - Get Free Report) last released its 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 firm had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. ONE Gas's revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities research analysts forecast that ONE Gas will post 4.91 earnings per share for the current fiscal year.

Institutional Trading of ONE Gas

A number of hedge funds have recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of ONE Gas by 61.0% in the first quarter. Bessemer Group Inc. now owns 549 shares of the utilities provider's stock valued at $47,000 after purchasing an additional 208 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in ONE Gas by 495.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the utilities provider's stock worth $43,000 after buying an additional 466 shares in the last quarter. State of Wyoming acquired a new stake in ONE Gas during the second quarter worth $60,000. EverSource Wealth Advisors LLC increased its holdings in ONE Gas by 25.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider's stock valued at $62,000 after buying an additional 161 shares during the period. Finally, Versant Capital Management Inc increased its holdings in ONE Gas by 219.3% in the 2nd quarter. Versant Capital Management Inc now owns 878 shares of the utilities provider's stock valued at $68,000 after buying an additional 603 shares during the period. Institutional investors own 88.71% of the company's stock.

About ONE Gas

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