ONE Gas (NYSE:OGS) Given New $82.00 Price Target at Morgan Stanley

Key Points

• Morgan Stanley lowered ONE Gas’s price target to $82 from $86 while maintaining an “equal weight” rating, implying roughly 2.83% upside from the stock’s $79.74 price. Analysts’ consensus remains “Moderate Buy,” with an average target of $89.23.
• ONE Gas exceeded quarterly earnings expectations, reporting $0.82 EPS versus the $0.63 estimate and $411.64 million in revenue, although revenue declined 2.8% year over year. The company reaffirmed fiscal 2026 EPS guidance of $4.83–$4.95.
• Institutional investors hold 88.71% of ONE Gas shares, with major additions from BlackRock, Energy Income Partners, AllianceBernstein, Goldman Sachs and Morgan Stanley.

ONE Gas (NYSE:OGS - Get Free Report) had its target price cut by equities research analysts at Morgan Stanley from $86.00 to $82.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's target price suggests a potential upside of 2.83% from the company's current price.

OGS has been the subject of a number of other research reports. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a research report on Friday, June 12th. Mizuho lowered their price target on ONE Gas from $94.00 to $89.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 9th. BTIG Research reiterated a "buy" rating and issued a $96.00 price objective on shares of ONE Gas in a research report on Thursday, July 23rd. Wolfe Research initiated coverage on ONE Gas in a research report on Tuesday, May 26th. They set a "peer perform" rating on the stock. Finally, Truist Financial cut their target price on ONE Gas from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, August 13th. 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 $89.23.

ONE Gas Stock Performance

OGS traded down $1.65 during midday trading on Friday, reaching $79.74. The company's stock had a trading volume of 99,506 shares, compared to its average volume of 544,057. The stock has a market cap of $5.01 billion, a P/E ratio of 17.19, a PEG ratio of 2.24 and a beta of 0.66. The company has a fifty day simple moving average of $78.82 and a 200 day simple moving average of $82.71. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. ONE Gas has a twelve month low of $74.06 and a twelve month high of $90.78.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of ONE Gas during the second quarter worth approximately $701,266,000. Energy Income Partners LLC acquired a new position in shares of ONE Gas in the 2nd quarter valued at $135,948,000. Alliancebernstein L.P. boosted its position in shares of ONE Gas by 1,393.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider's stock worth $114,795,000 after purchasing an additional 1,490,492 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in ONE Gas by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider's stock valued at $108,029,000 after purchasing an additional 380,668 shares during the last quarter. Finally, Morgan Stanley lifted its stake in ONE Gas by 28.2% in the fourth quarter. Morgan Stanley now owns 992,430 shares of the utilities provider's stock valued at $76,665,000 after buying an additional 218,571 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

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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