ONE Gas (NYSE:OGS) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded ONE Gas to “sell” from “hold,” while other analysts delivered mixed views. The broader consensus remains “hold,” with a $87.12 average price target.
• ONE Gas shares opened at $72.57, near their 52-week low of $70.37 and below their 50-day and 200-day moving averages of $77.29 and $80.46, respectively.
• The company exceeded quarterly earnings expectations, reporting $0.82 EPS versus the $0.63 consensus and $411.64 million in revenue, though revenue declined 2.8% year over year.

ONE Gas (NYSE:OGS - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently issued reports on the stock. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a research report on Friday, June 12th. Jefferies Financial Group lowered shares of ONE Gas from a "buy" rating to a "hold" rating and reduced their target price for the stock from $103.00 to $80.00 in a research note on Wednesday. Truist Financial dropped their price target on ONE Gas from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, August 13th. BTIG Research restated a "buy" rating and issued a $96.00 price target on shares of ONE Gas in a report on Thursday, July 23rd. Finally, Morgan Stanley reduced their price objective on ONE Gas from $82.00 to $79.00 and set an "equal weight" rating for the company in a research report on Friday, September 18th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $87.12.

ONE Gas Price Performance

Shares of OGS opened at $72.57 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48. The stock has a 50 day simple moving average of $77.29 and a 200 day simple moving average of $80.46. ONE Gas has a 52-week low of $70.37 and a 52-week high of $90.78. The firm has a market capitalization of $4.56 billion, a PE ratio of 15.64, a P/E/G ratio of 1.99 and a beta of 0.64.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its position 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 in the last quarter. Bessemer Group Inc. grew its holdings in shares of ONE Gas by 61.0% in the 1st quarter. Bessemer Group Inc. now owns 549 shares of the utilities provider's stock valued at $47,000 after acquiring an additional 208 shares in the last quarter. State of Wyoming bought a new position in shares of ONE Gas in the 2nd quarter valued at about $60,000. Versant Capital Management Inc increased its position in shares of 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. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of ONE Gas in the second quarter valued at about $77,000. Institutional investors own 88.71% of the company's stock.

About ONE Gas

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