ONE Gas, Inc. (NYSE:OGS) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• ONE Gas has a “Moderate Buy” consensus from 12 analysts, split evenly between buy and hold ratings, with an average 12-month price target of $89.23 versus a recent share price of $79.75.
• The company beat quarterly earnings expectations, reporting $0.82 EPS versus the $0.63 consensus, although revenue declined 2.8% year over year. Analysts expect full-year EPS of approximately $4.91.
• ONE Gas declared a quarterly dividend of $0.68 per share, equivalent to a $2.72 annualized payout and a 3.4% yield; institutional investors own 88.71% of the company’s stock.

Shares of ONE Gas, Inc. (NYSE:OGS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve analysts that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $89.2273.

A number of research firms have weighed in on OGS. Morgan Stanley reduced their target price on ONE Gas from $86.00 to $82.00 and set an "equal weight" rating for the company in a report on Friday, August 21st. Mizuho lowered their price target on shares of ONE Gas from $94.00 to $89.00 and set an "outperform" rating on the stock in a report on Tuesday, June 9th. Truist Financial cut 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 report on Thursday, August 13th. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, LADENBURG THALM/SH SH raised shares of ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 target price on the stock in a report on Thursday, August 13th.

ONE Gas Price Performance

ONE Gas stock opened at $79.75 on Friday. ONE Gas has a one year low of $74.06 and a one year high of $90.78. The business has a fifty day moving average price of $79.14 and a 200-day moving average price of $82.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37. The firm has a market capitalization of $5.01 billion, a P/E ratio of 17.19, a PEG ratio of 2.23 and a beta of 0.66.

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

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, August 17th. ONE Gas's payout ratio is 58.62%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Amundi increased its stake in ONE Gas by 189.7% in the 1st 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 last quarter. Energy Income Partners LLC bought a new stake in shares of ONE Gas during the 2nd quarter valued at about $135,948,000. Fifth Third Bancorp grew its holdings in shares of ONE Gas by 2,807.9% during the first 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 in the last quarter. BlackRock Inc. purchased a new position in shares of ONE Gas during the second quarter worth about $701,266,000. Finally, ExodusPoint Capital Management LP increased its position in shares of ONE Gas by 314.3% in the fourth quarter. ExodusPoint Capital Management LP now owns 210,820 shares of the utilities provider's stock worth $16,286,000 after purchasing an additional 159,934 shares during the last quarter. Institutional investors own 88.71% of the company's stock.

ONE Gas Company Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company's service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.

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