Weiss Ratings Reiterates "Buy (B-)" Rating for ONE Gas (NYSE:OGS)

Key Points

• ONE Gas has received a "Buy (B-)" rating from Weiss Ratings, indicating strong analyst support for the stock despite mixed evaluations from other firms.
• Recent trading saw ONE Gas's stock price rise to $81.43, alongside a reported market capitalization of $4.89 billion.
• The company posted a quarterly earnings result of $0.53 EPS, aligning with analyst expectations, and indicated a 19.7% revenue increase year-over-year.

ONE Gas (NYSE:OGS - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other research analysts have also issued reports on OGS. Morgan Stanley reduced their target price on ONE Gas from $71.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Mizuho raised ONE Gas from a "neutral" rating to an "outperform" rating and upped their target price for the company from $77.00 to $86.00 in a research report on Friday, September 26th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $78.06.

ONE Gas Stock Up 0.5%

Shares of OGS traded up $0.43 during trading hours on Wednesday, hitting $81.43. The company had a trading volume of 7,178 shares, compared to its average volume of 504,622. The company has a market capitalization of $4.89 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 3.33 and a beta of 0.85. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.74. ONE Gas has a one year low of $66.38 and a one year high of $82.25. The company's fifty day moving average price is $76.28 and its two-hundred day moving average price is $75.12.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of ONE Gas by 2.3% in the first quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider's stock valued at $485,136,000 after purchasing an additional 147,186 shares during the period. Wellington Management Group LLP grew its holdings in ONE Gas by 1.0% during the first quarter. Wellington Management Group LLP now owns 3,397,926 shares of the utilities provider's stock worth $256,849,000 after acquiring an additional 33,210 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in ONE Gas by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,151,670 shares of the utilities provider's stock worth $162,645,000 after acquiring an additional 26,742 shares during the period. Alliancebernstein L.P. grew its holdings in ONE Gas by 1,393.0% during the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider's stock worth $114,795,000 after acquiring an additional 1,490,492 shares during the period. Finally, Geode Capital Management LLC grew its holdings in ONE Gas by 6.0% during the second quarter. Geode Capital Management LLC now owns 1,478,961 shares of the utilities provider's stock worth $106,290,000 after acquiring an additional 84,296 shares during the period. 88.71% of the stock is owned by institutional investors and hedge funds.

About ONE Gas

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.

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