ONE Gas (NYSE:OGS) Upgraded by Mizuho to Outperform Rating

Key Points

• Mizuho has upgraded ONE Gas from a "neutral" rating to an "outperform" rating, with a target price of $86.00, suggesting a potential upside of 10.80% from its previous close.
• In contrast, Morgan Stanley has decreased its price target on ONE Gas from $71.00 to $66.00, maintaining an "equal weight" rating on the stock.
• ONE Gas reported a revenue of $423.70 million for its last quarter, experiencing a 19.7% year-over-year increase, although it fell short of analyst estimates of $432.69 million.

ONE Gas (NYSE:OGS - Get Free Report) was upgraded by research analysts at Mizuho from a "neutral" rating to an "outperform" rating in a research report issued to clients and investors on Friday,Finviz reports. The brokerage currently has a $86.00 target price on the utilities provider's stock. Mizuho's target price indicates a potential upside of 10.80% from the stock's previous close.

Separately, Morgan Stanley lowered their price target on ONE Gas from $71.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, ONE Gas presently has an average rating of "Moderate Buy" and a consensus target price of $78.06.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $77.62 on Friday. The stock has a market cap of $4.66 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 3.24 and a beta of 0.85. The business has a fifty day simple moving average of $75.05 and a 200-day simple moving average of $74.71. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74. ONE Gas has a 12 month low of $66.38 and a 12 month high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The company had revenue of $423.70 million for the quarter, compared to analyst estimates of $432.69 million. During the same period last year, the company earned $0.48 earnings per share. The business's revenue was up 19.7% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, sell-side analysts anticipate that ONE Gas will post 4.26 EPS for the current fiscal year.

Hedge Funds Weigh In On ONE Gas

A number of large investors have recently modified their holdings of OGS. Squarepoint Ops LLC grew its holdings in ONE Gas by 12.0% during the fourth quarter. Squarepoint Ops LLC now owns 23,842 shares of the utilities provider's stock worth $1,651,000 after purchasing an additional 2,557 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in ONE Gas by 7.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 184,951 shares of the utilities provider's stock worth $12,808,000 after purchasing an additional 12,593 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in ONE Gas by 11.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,887 shares of the utilities provider's stock worth $269,000 after purchasing an additional 394 shares during the period. GAMMA Investing LLC grew its holdings in ONE Gas by 15,222.9% during the first quarter. GAMMA Investing LLC now owns 101,744 shares of the utilities provider's stock worth $7,691,000 after purchasing an additional 101,080 shares during the period. Finally, Merit Financial Group LLC bought a new position in ONE Gas during the first quarter worth about $623,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.