LADENBURG THALM/SH SH Upgrades ONE Gas (NYSE:OGS) to Buy

Key Points

• LADENBURG THALM/SH SH upgraded ONE Gas to “buy” from “neutral” and set an $85.50 price target, implying 6.46% upside from the prior close.
• ONE Gas reported quarterly EPS of $0.82, beating the $0.63 consensus estimate, while revenue of $411.64 million was slightly above expectations but declined 2.8% year over year.
• Analyst sentiment is moderately positive, with six Buy and six Hold ratings and a consensus price target of $89.32; institutional investors own 88.71% of the company’s stock.

ONE Gas (NYSE:OGS - Get Free Report) was upgraded by equities researchers at LADENBURG THALM/SH SH from a "neutral" rating to a "buy" rating in a note issued to investors on Thursday, MarketBeat.com reports. The firm currently has a $85.50 price target on the utilities provider's stock. LADENBURG THALM/SH SH's price target would indicate a potential upside of 6.46% from the stock's previous close.

OGS has been the subject of several other reports. Wall Street Zen upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings lowered ONE Gas from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. BTIG Research reaffirmed a "buy" rating and issued a $96.00 target price on shares of ONE Gas in a report on Thursday, July 23rd. Truist Financial dropped their target price on ONE Gas from $95.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Finally, Morgan Stanley lifted their price target on ONE Gas from $80.00 to $81.00 and gave the company an "equal weight" rating in a research note on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $89.32.

ONE Gas Stock Up 0.9%

OGS stock opened at $80.31 on Thursday. The firm has a 50-day moving average price of $78.32 and a 200-day moving average price of $82.61. ONE Gas has a 12 month low of $73.91 and a 12 month high of $90.78. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $5.05 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 2.20 and a beta 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 for 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 period in the previous year, the firm posted $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities research analysts anticipate that ONE Gas will post 4.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp grew its stake in ONE Gas by 3.4% during the 3rd quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider's stock valued at $304,000 after acquiring an additional 125 shares in the last quarter. Corient Private Wealth LLC raised its holdings in ONE Gas by 3.5% in the 4th quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider's stock valued at $312,000 after acquiring an additional 135 shares during the last quarter. Parallel Advisors LLC lifted its stake in ONE Gas by 16.3% in the 4th quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider's stock worth $78,000 after purchasing an additional 141 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in ONE Gas by 25.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider's stock worth $62,000 after purchasing an additional 161 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of ONE Gas by 0.4% during the 4th quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider's stock worth $3,137,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds 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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