ONE Gas (NYSE:OGS) Reaches New 12-Month Low - Time to Sell?

Key Points

• ONE Gas shares fell to a new 52-week low, trading as low as $74.69 and recently changing hands near $75.05.
• Analyst sentiment remains generally positive despite the decline: the stock has a consensus “Moderate Buy” rating and an average price target of $89.23, above its recent price.
• The company exceeded quarterly earnings expectations with $0.82 EPS versus a $0.63 consensus estimate, while reporting $411.64 million in revenue. ONE Gas also pays a quarterly dividend of $0.68 per share, representing a 3.6% annualized yield.

Shares of ONE Gas, Inc. (NYSE:OGS - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $74.69 and last traded at $75.05, with a volume of 115814 shares traded. The stock had previously closed at $76.24.

Analyst Ratings Changes

Several research firms have recently weighed in on OGS. Mizuho lowered their price objective on shares of ONE Gas from $94.00 to $89.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 9th. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 target price for the company in a research note on Thursday, August 13th. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Wolfe Research initiated coverage on shares of ONE Gas in a report on Tuesday, May 26th. They issued a "peer perform" rating for the company. Finally, Wells Fargo & Company upgraded shares of ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 price target on the stock in a research report on Thursday, August 6th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, ONE Gas currently has a consensus rating of "Moderate Buy" and an average target price of $89.23.

ONE Gas Stock Performance

The firm has a fifty day simple moving average of $79.46 and a 200 day simple moving average of $81.99. 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 cap of $4.71 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.10 and a beta of 0.67.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, topping 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 return on equity of 8.81% and a net margin of 12.47%.ONE Gas's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, sell-side analysts expect that ONE Gas, Inc. will post 4.91 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were paid a dividend of $0.68 per share. The ex-dividend date was Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a yield of 3.6%. ONE Gas's payout ratio is currently 58.62%.

Institutional Investors Weigh In On ONE Gas

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised its stake in shares of ONE Gas by 9.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,933 shares of the utilities provider's stock valued at $611,000 after buying an additional 681 shares in the last quarter. Tidal Investments LLC boosted its position in shares of ONE Gas by 1.9% during the 2nd quarter. Tidal Investments LLC now owns 160,107 shares of the utilities provider's stock valued at $12,339,000 after acquiring an additional 2,919 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of ONE Gas by 11.9% during the 2nd quarter. WINTON GROUP Ltd now owns 17,683 shares of the utilities provider's stock valued at $1,363,000 after acquiring an additional 1,876 shares in the last quarter. Engineers Gate Manager LP increased its stake in ONE Gas by 215.1% in the second quarter. Engineers Gate Manager LP now owns 37,634 shares of the utilities provider's stock valued at $2,900,000 after acquiring an additional 25,690 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in ONE Gas in the second quarter valued at about $157,000. Institutional investors own 88.71% of the company's stock.

ONE Gas Company Profile

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