ONE Gas (NYSE:OGS) Stock Price Target Raised at Scotiabank

Key Points

• Scotiabank raised its ONE Gas price target from $86 to $87 and maintained a “sector outperform” rating, implying 5.89% upside from the prior close.
• ONE Gas reported quarterly EPS of $0.53, above the $0.48 consensus and $0.44 a year earlier; revenue grew 3.2% year over year but fell short of estimates.
• Analyst sentiment is moderately positive: seven analysts rate the stock Buy and six Hold, with a consensus “Moderate Buy” rating and an average target of $87.12.

ONE Gas (NYSE:OGS - Get Free Report) had its target price upped by Scotiabank from $86.00 to $87.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a "sector outperform" rating on the utilities provider's stock. Scotiabank's price target would indicate a potential upside of 5.89% from the company's previous close.

Other equities analysts have also issued reports about the stock. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Sunday. Morgan Stanley cut their price target on shares of ONE Gas from $79.00 to $78.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 21st. Weiss Ratings raised shares of ONE Gas from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. Truist Financial decreased their price objective on shares of ONE Gas from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, August 13th. Finally, Wells Fargo & Company upped their price objective on shares of ONE Gas from $85.00 to $86.00 and gave the company an "equal weight" rating in a report on Wednesday. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, ONE Gas has a consensus rating of "Moderate Buy" and an average price target of $87.12.

ONE Gas Stock Up 1.4%

Shares of NYSE:OGS traded up $1.13 during trading hours on Wednesday, hitting $82.16. The company's stock had a trading volume of 851,171 shares, compared to its average volume of 559,887. The firm's fifty day moving average price is $76.23 and its 200 day moving average price is $80.84. ONE Gas has a 52 week low of $70.37 and a 52 week high of $90.78. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 2.11 and a beta of 0.62. 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 (NYSE:OGS - Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.05. The firm had revenue of $391.31 million for the quarter, compared to the consensus estimate of $398.23 million. ONE Gas had a net margin of 12.61% and a return on equity of 8.81%. The company's quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. As a group, research analysts expect that ONE Gas will post 4.91 EPS for the current year.

Institutional Investors Weigh In On ONE Gas

A number of institutional investors have recently modified their holdings of OGS. Bessemer Group Inc. lifted its holdings in 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 acquiring an additional 208 shares during the last quarter. State of Wyoming acquired a new stake in ONE Gas during the second quarter worth $60,000. Versant Capital Management Inc increased its stake in ONE Gas by 219.3% during the second quarter. Versant Capital Management Inc now owns 878 shares of the utilities provider's stock worth $68,000 after acquiring an additional 603 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in ONE Gas during the second quarter worth $77,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in ONE Gas in the second quarter valued at $89,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about ONE Gas

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

• Positive Sentiment: ONE Gas reported third-quarter adjusted EPS of $0.53, beating the $0.48 consensus and improving on $0.44 a year earlier. Revenue grew 3.2% year over year, while the company raised its 2026 EPS guidance to $4.95–$5.01, above its prior range and the $4.91 consensus. ONE Gas third-quarter results and guidance
• Positive Sentiment: BTIG raised its price target on OGS to $95, a potentially supportive analyst signal. BTIG price target update
• Positive Sentiment: Shares crossed above their 200-day moving average, a technical signal that some investors may view favorably. Shares cross above 200-day moving average
• Neutral Sentiment: The company declared a quarterly dividend of $0.68 per share, equivalent to $2.72 annually and a stated yield of 3.4%. The dividend supports income-focused investors but was not reported as an increase. ONE Gas dividend announcement
• Negative Sentiment: Third-quarter revenue of $391.3 million fell short of analyst expectations of about $398.2 million, tempering the earnings and guidance news. Revenue versus estimates

About ONE Gas

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