ONE Gas (NYSE:OGS) Reaches New 52-Week Low - Time to Sell?

Key Points

• ONE Gas shares fell to a new 52-week low of $70.37, trading below both their 50-day and 200-day moving averages.
• Despite the decline, analysts maintain a “Moderate Buy” consensus with an average price target of $88.71, implying potential upside from current levels.
• The company beat quarterly earnings estimates, reported $0.82 in EPS, and maintains a quarterly dividend of $0.68 per share, equating to a 3.8% annualized yield.

ONE Gas, Inc. (NYSE:OGS - Get Free Report) shares hit a new 52-week low during trading on Thursday. The company traded as low as $70.37 and last traded at $70.9740, with a volume of 14142 shares trading hands. The stock had previously closed at $71.87.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on OGS shares. Weiss Ratings upgraded ONE Gas from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, September 21st. Mizuho cut their target price on ONE Gas from $94.00 to $89.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 9th. Morgan Stanley reduced their target price on ONE Gas from $82.00 to $79.00 and set an "equal weight" rating for the company in a research note on Friday, September 18th. Wells Fargo & Company raised shares of ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 price target for the company in a research report on Thursday, August 6th. Finally, Scotiabank began coverage on shares of ONE Gas in a research note on Tuesday. They issued a "sector outperform" rating and a $86.00 price target for the company. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, ONE Gas currently has a consensus rating of "Moderate Buy" and an average price target of $88.71.

ONE Gas Stock Down 1.1%

The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 1.98 and a beta of 0.67. The stock has a 50 day moving average of $78.27 and a 200 day moving average of $81.09. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66.

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, 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 firm had revenue of $411.64 million during the quarter, compared to analyst estimates of $410.29 million. During the same period in the previous year, the company earned $0.53 earnings per share. ONE Gas's quarterly revenue was down 2.8% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, analysts expect that ONE Gas, Inc. will post 4.92 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, August 17th. ONE Gas's payout ratio is 58.62%.

Institutional Investors Weigh In On ONE Gas

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its stake in ONE Gas by 9.4% during the second quarter. Sequoia Financial Advisors LLC now owns 7,933 shares of the utilities provider's stock valued at $611,000 after purchasing an additional 681 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of ONE Gas by 1.9% in the 2nd quarter. Tidal Investments LLC now owns 160,107 shares of the utilities provider's stock worth $12,339,000 after acquiring an additional 2,919 shares during the period. WINTON GROUP Ltd increased its stake in shares of ONE Gas by 11.9% in the second quarter. WINTON GROUP Ltd now owns 17,683 shares of the utilities provider's stock valued at $1,363,000 after purchasing an additional 1,876 shares during the period. Engineers Gate Manager LP increased its position in ONE Gas by 215.1% in the 2nd 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 position in shares of ONE Gas in the second quarter worth $157,000. 88.71% of the stock is owned by institutional investors and hedge funds.

About ONE Gas

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