Scotiabank Has Positive Forecast for ONE Gas FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS forecast for ONE Gas to $4.98 from $4.89 and estimates FY2027 EPS at $5.01. It maintains a “Sector Outperform” rating and an $87 price target.
• Analyst sentiment is broadly positive: seven analysts rate the stock Buy and six Hold, giving it a “Moderate Buy” consensus and an average price target of $87.12.
• ONE Gas beat quarterly EPS expectations, reporting $0.53 versus the $0.48 consensus, though revenue of $391.31 million came in below estimates. The company also declared a quarterly dividend of $0.68 per share, equivalent to a 3.3% annualized yield.

ONE Gas, Inc. (NYSE:OGS - Free Report) - Equities researchers at Scotiabank raised their FY2026 earnings per share (EPS) estimates for ONE Gas in a report released on Wednesday, November 11th. Scotiabank analyst I. Rapp now forecasts that the utilities provider will post earnings of $4.98 per share for the year, up from their prior forecast of $4.89. Scotiabank currently has a "Sector Outperform" rating and a $87.00 target price on the stock. The consensus estimate for ONE Gas' current full-year earnings is $4.93 per share. Scotiabank also issued estimates for ONE Gas' FY2027 earnings at $5.01 EPS.

Several other research analysts have also recently weighed in on OGS. Wells Fargo & Company increased their price objective on ONE Gas from $85.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 4th. Weiss Ratings raised ONE Gas from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 23rd. Jefferies Financial Group cut shares of ONE Gas from a "buy" rating to a "hold" rating and reduced their target price for the company from $103.00 to $80.00 in a research report on Wednesday, October 7th. Morgan Stanley decreased 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 research note on Wednesday, October 21st. Finally, Truist Financial lowered their price target on shares of ONE Gas from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $87.12.

ONE Gas Stock Performance

OGS opened at $82.69 on Friday. The business has a fifty day simple moving average of $76.49 and a 200 day simple moving average of $80.97. The company has a market capitalization of $5.20 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 2.17 and a beta of 0.62. ONE Gas has a 1 year low of $70.37 and a 1 year high of $90.78. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.58 and a quick ratio of 0.40.

ONE Gas (NYSE:OGS - Get Free Report) last announced its earnings results on Monday, November 2nd. The utilities provider reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.05. The company had revenue of $391.31 million for the quarter, compared to analyst estimates of $398.23 million. ONE Gas had a return on equity of 8.80% and a net margin of 12.61%. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Monday, November 16th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.72 dividend on an annualized basis and a yield of 3.3%. ONE Gas's dividend payout ratio is currently 58.00%.

Hedge Funds Weigh In On ONE Gas

Hedge funds have recently added to or reduced their stakes in the stock. Gabelli Funds LLC lifted its position in shares of ONE Gas by 11.5% during the 3rd quarter. Gabelli Funds LLC now owns 212,800 shares of the utilities provider's stock valued at $15,294,000 after acquiring an additional 22,000 shares during the period. Gamco Investors INC. ET AL increased its position in shares of ONE Gas by 1.2% in the third quarter. Gamco Investors INC. ET AL now owns 39,410 shares of the utilities provider's stock worth $2,832,000 after purchasing an additional 450 shares during the period. Benjamin Edwards Inc. increased its position in shares of ONE Gas by 4.4% in the third quarter. Benjamin Edwards Inc. now owns 20,844 shares of the utilities provider's stock worth $1,498,000 after purchasing an additional 888 shares during the period. First Trust Advisors LP increased its position in shares of ONE Gas by 11.3% in the third quarter. First Trust Advisors LP now owns 636,485 shares of the utilities provider's stock worth $45,744,000 after purchasing an additional 64,453 shares during the period. Finally, Voya Investment Management LLC raised its stake in ONE Gas by 18.9% in the third quarter. Voya Investment Management LLC now owns 39,428 shares of the utilities provider's stock valued at $2,834,000 after purchasing an additional 6,265 shares in the last quarter. Institutional investors own 88.71% of the company's stock.

About ONE Gas

ONE Gas, Inc. is a regulated natural gas distribution company that delivers natural gas to residential, commercial and industrial customers. Its operations serve communities in Oklahoma, Kansas and Texas. The company operates through three utility divisions: Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. Its services include distributing natural gas through local pipeline systems and maintaining the infrastructure used to provide that service. ONE Gas became an independent, publicly traded company in 2014 after separating from ONEOK, Inc. Its business is focused on natural gas distribution rather than exploration or production.

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.