ONE Gas (NYSE:OGS) Sets New 12-Month Low - What's Next?

Key Points

• ONE Gas shares fell to a new 52-week low of $71.66, below the 50-day and 200-day moving averages, with the stock last trading around $71.81.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating from 12 analysts and an average price target of $88.95, implying potential upside from current levels.
• The company exceeded quarterly earnings expectations with EPS of $0.82 versus $0.63 anticipated and maintains a quarterly dividend of $0.68, equal to a 3.8% yield.

ONE Gas, Inc. (NYSE:OGS - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $71.66 and last traded at $71.8050, with a volume of 189425 shares changing hands. The stock had previously closed at $72.29.

Analysts Set New Price Targets

A number of equities analysts recently commented on OGS shares. Weiss Ratings upgraded shares of ONE Gas from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday. BTIG Research reaffirmed a "buy" rating and set a $96.00 price objective on shares of ONE Gas in a research report on Thursday, July 23rd. LADENBURG THALM/SH SH raised ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 target price on the stock in a research report on Thursday, August 13th. Wells Fargo & Company upgraded ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 target price for the company in a research note on Thursday, August 6th. Finally, Mizuho lowered their price target on ONE Gas from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, June 9th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $88.95.

ONE Gas Stock Down 0.4%

The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 2.02 and a beta of 0.67. The firm's 50 day simple moving average is $79.04 and its 200-day simple moving average is $81.61.

ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.19. The business had revenue of $411.64 million for the quarter, compared to analysts' expectations of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The business's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, sell-side analysts anticipate that ONE Gas, Inc. will post 4.92 earnings per share for the current year.

ONE Gas Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, August 17th. ONE Gas's dividend payout ratio is presently 58.62%.

Institutional Trading of ONE Gas

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in ONE Gas in the 2nd quarter valued at about $701,266,000. Energy Income Partners LLC purchased a new position in shares of ONE Gas in the 2nd quarter valued at approximately $135,948,000. Norges Bank purchased a new position in shares of ONE Gas in the 4th quarter valued at approximately $70,767,000. Bank of New York Mellon Corp acquired a new position in shares of ONE Gas in the second quarter valued at approximately $56,308,000. Finally, Bank of America Corp DE acquired a new position in shares of ONE Gas in the second quarter valued at approximately $44,011,000. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Company Profile

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