ONE Gas (NYSE:OGS) Coverage Initiated by Analysts at Scotiabank

Stock analysts at Scotiabank started coverage on shares of ONE Gas (NYSE:OGS - Get Free Report) in a 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 target suggests a potential upside of 19.46% from the company's previous close.

A number of other research firms also recently weighed in on OGS. Truist Financial reduced their price target on ONE Gas from $89.00 to $87.00 and set a "buy" rating for the company in a research report on Thursday, August 13th. Mizuho reduced their target price on shares of ONE Gas from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, June 9th. LADENBURG THALM/SH SH raised shares of ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 target price for the company in a research report on Thursday, August 13th. Morgan Stanley cut their price target on shares of ONE Gas from $82.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Friday, September 18th. Finally, BTIG Research restated a "buy" rating and set a $96.00 price objective on shares of ONE Gas in a research note on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.71.

ONE Gas Stock Up 0.3%

NYSE OGS traded up $0.19 during trading on Tuesday, hitting $71.99. 9,436 shares of the company traded hands, compared to its average volume of 549,112. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $78.56 and a 200 day simple moving average of $81.29. The company has a market capitalization of $4.53 billion, a P/E ratio of 15.53, a PEG ratio of 1.97 and a beta of 0.67. ONE Gas has a 12 month low of $70.91 and a 12 month high of $90.78.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its holdings in ONE Gas by 495.7% during the 4th 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 during the period. Bessemer Group Inc. increased its stake in shares of ONE Gas by 61.0% during the 1st quarter. Bessemer Group Inc. now owns 549 shares of the utilities provider's stock worth $47,000 after purchasing an additional 208 shares during the last quarter. State of Wyoming bought a new stake in ONE Gas during the 2nd quarter valued at $60,000. EverSource Wealth Advisors LLC grew its position in shares of ONE Gas by 25.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider's stock valued at $62,000 after purchasing an additional 161 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in ONE Gas by 219.3% in the second quarter. Versant Capital Management Inc now owns 878 shares of the utilities provider's stock valued at $68,000 after acquiring an additional 603 shares during the last quarter. Institutional investors own 88.71% of the company's stock.

Key Stories Impacting ONE Gas

Here are the key news stories impacting ONE Gas this week:

• Positive Sentiment: Scotiabank initiated coverage of ONE Gas with a “Sector Outperform” rating and an $86 price target, implying approximately 20% upside from the referenced share price. The new coverage provides a favorable external view of the regulated gas utility’s valuation and outlook. Scotiabank initiates ONE Gas coverage
• Positive Sentiment: Zacks highlighted OGS as an attractive dividend and value stock. Its analysis also said the shares appear technically oversold after a 9.7% four-week decline, while analyst earnings-estimate revisions could help fuel a turnaround. ONE Gas dividend stock analysis
• Neutral Sentiment: Additional Zacks commentary compared ONE Gas with Atmos Energy as a gas-distribution value investment and included OGS among low-leverage stocks that could benefit as U.S. Treasury yields cool. These are broader screening-based opinions rather than company-specific developments. ONE Gas versus Atmos Energy value analysis
• Negative Sentiment: ONE Gas shares touched a new 52-week low of $71.26, signaling persistent selling pressure and investor concern despite the company’s income-oriented profile. ONE Gas reaches 52-week low

ONE Gas Company Profile