ONE Gas (NYSE:OGS) Price Target Cut to $78.00 by Analysts at Morgan Stanley

Key Points

• Morgan Stanley cut ONE Gas’s price target from $79 to $78 while maintaining an “equal weight” rating, implying 2.83% upside from the prior close.
• Analyst sentiment remains mixed but centered on “Hold,” with a consensus price target of $86.46 from 13 analysts.
• ONE Gas shares rose 0.3% to $75.86, while institutional ownership remains high at 88.71%; the company recently exceeded quarterly EPS expectations, reporting $0.82 versus a $0.63 consensus.

ONE Gas (NYSE:OGS - Get Free Report) had its price objective decreased by research analysts at Morgan Stanley from $79.00 to $78.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's price objective would indicate a potential upside of 2.83% from the stock's previous close.

Several other research analysts also recently issued reports on the stock. BTIG Research set a $89.00 target price on shares of ONE Gas in a research note on Tuesday. Weiss Ratings downgraded shares of ONE Gas from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. LADENBURG THALM/SH SH raised ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 price objective on the stock in a research report on Thursday, August 13th. 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 research note on Thursday, August 6th. Finally, Wall Street Zen lowered ONE Gas from a "hold" rating to a "sell" rating in a report on Saturday, October 10th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $86.46.

ONE Gas Stock Up 0.3%

Shares of NYSE:OGS traded up $0.26 on Wednesday, hitting $75.86. 84,049 shares of the company traded hands, compared to its average volume of 554,832. ONE Gas has a 52 week low of $70.37 and a 52 week high of $90.78. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $76.68 and a 200-day simple moving average of $79.88. The company has a market cap of $4.77 billion, a PE ratio of 16.36, a PEG ratio of 2.05 and a beta of 0.64.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.19. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%. The firm had revenue of $411.64 million during the quarter, compared to analyst estimates of $410.29 million. During the same quarter in the previous year, the firm earned $0.53 EPS. ONE Gas's quarterly revenue 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, research analysts expect that ONE Gas will post 4.91 earnings per share for the current year.

Institutional Investors Weigh In On ONE Gas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amundi raised its position in ONE Gas by 189.7% in the first quarter. Amundi now owns 20,117 shares of the utilities provider's stock worth $1,733,000 after acquiring an additional 13,174 shares during the period. Energy Income Partners LLC bought a new stake in shares of ONE Gas during the 2nd quarter valued at $135,948,000. BlackRock Inc. purchased a new stake in shares of ONE Gas in the 2nd quarter worth $701,266,000. Ieq Capital LLC purchased a new stake in shares of ONE Gas in the 2nd quarter worth $3,428,000. Finally, Fifth Third Bancorp raised its holdings in ONE Gas by 2,807.9% in the 1st quarter. Fifth Third Bancorp now owns 20,355 shares of the utilities provider's stock worth $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.

About ONE Gas

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