Wall Street Zen Upgrades ONE Gas (NYSE:OGS) to Hold

Key Points

• Wall Street Zen upgraded ONE Gas from “Sell” to “Hold,” matching the broader analyst consensus. Six analysts rate the stock a Buy and seven rate it a Hold, with an average price target of $86.46.
• ONE Gas shares opened at $78.01, below the consensus target, with a market capitalization of approximately $4.90 billion and a 52-week range of $70.37 to $90.78.
• The company exceeded quarterly earnings expectations, reporting $0.82 EPS versus the $0.63 consensus and $411.64 million in revenue. However, revenue declined 2.8% year over year, while institutional investors own 88.71% of the stock.

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

A number of other research analysts have also recently issued reports on the company. Wells Fargo & Company raised ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 target price for the company in a research note on Thursday, August 6th. 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 report on Thursday, August 13th. Jefferies Financial Group cut ONE Gas from a "buy" rating to a "hold" rating and cut their price objective for the company from $103.00 to $80.00 in a report on Wednesday, October 7th. LADENBURG THALM/SH SH upgraded ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 price objective for the company in a research report on Thursday, August 13th. Finally, Scotiabank initiated coverage on ONE Gas in a research note on Tuesday, September 29th. They set a "sector outperform" rating and a $86.00 target price for the company. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $86.46.

ONE Gas Trading Down 0.3%

Shares of NYSE OGS opened at $78.01 on Friday. The company's fifty day moving average is $76.47 and its 200-day moving average is $79.69. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 2.15 and a beta of 0.64. ONE Gas has a twelve month low of $70.37 and a twelve month 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.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.19. The company had revenue of $411.64 million during the quarter, compared to analyst estimates of $410.29 million. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The firm's revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts predict that ONE Gas will post 4.91 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OGS. Bessemer Group Inc. raised its stake in 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 during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of ONE Gas by 495.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 466 shares during the last quarter. State of Wyoming acquired a new position in shares of ONE Gas in the second quarter valued at $60,000. Versant Capital Management Inc raised 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 purchasing an additional 603 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of ONE Gas in the second quarter valued at about $77,000. 88.71% of the stock is currently owned by institutional investors.

About ONE Gas

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.