ONE Gas (OGS) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ONE Gas in the last twelve months. There are currently 6 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" OGS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OGS, but not buy additional shares or sell existing shares.
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6 brokers have issued 1-year price targets for ONE Gas' shares. Their OGS share price forecasts range from $70.00 to $83.00. On average, they expect the company's share price to reach $78.50 in the next year. This suggests that the stock has a possible downside of 3.5%.
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ONE Gas' stock was trading at $75.72 at the beginning of the year. Since then, OGS shares have increased by 7.5% and is now trading at $81.38.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
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ONE Gas, Inc. (NYSE:OGS) issued its quarterly earnings results on Monday, May, 1st. The utilities provider reported $1.84 earnings per share for the quarter, missing analysts' consensus estimates of $1.85 by $0.01. The utilities provider had revenue of $1.03 billion for the quarter, compared to analyst estimates of $688.68 million. ONE Gas had a trailing twelve-month return on equity of 8.90% and a net margin of 8.54%. ONE Gas's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.83 earnings per share.

ONE Gas announced a quarterly dividend on Monday, May 1st. Investors of record on Wednesday, May 17th will be given a dividend of $0.65 per share on Friday, June 2nd. This represents a $2.60 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Tuesday, May 16th.
Read our dividend analysis for OGS.

ETFs with the largest weight of ONE Gas (NYSE:OGS) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Invesco DWA Utilities Momentum ETF (PUI), Tortoise North American Pipeline Fund (TPYP), First Trust EIP Carbon Impact ETF (ECLN), SPDR S&P Dividend ETF (SDY), First Trust North American Energy Infrastructure Fund (EMLP) and Invesco S&P MidCap 400 Pure Growth ETF (RFG).

ONE Gas (NYSE:OGS) pays an annual dividend of $2.60 per share and currently has a dividend yield of 3.21%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 63.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OGS will have a dividend payout ratio of 60.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OGS.

ONE Gas issued an update on its FY23 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of $4.02-$4.26 for the period, compared to the consensus earnings per share estimate of $4.13.

18 employees have rated ONE Gas Chief Executive Officer Pierce Norton on Glassdoor.com. Pierce Norton has an approval rating of 100% among the company's employees. This puts Pierce Norton in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other ONE Gas investors own include ONEOK (OKE), SilverBow Resources (SBOW), Realty Income (O), AbbVie (ABBV), AT&T (T), Gilead Sciences (GILD), Johnson & Johnson (JNJ), Verizon Communications (VZ), Abbott Laboratories (ABT) and Mastercard (MA).

ONE Gas trades on the New York Stock Exchange (NYSE) under the ticker symbol "OGS."

ONE Gas' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.46%), State Street Corp (11.31%), American Century Companies Inc. (5.17%), Victory Capital Management Inc. (2.22%), Geode Capital Management LLC (1.92%) and Wellington Management Group LLP (1.81%). Insiders that own company stock include Eduardo A Rodriguez, Jeffrey J Husen and Michael G Hutchinson.
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Shares of OGS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OGS stock can currently be purchased for approximately $81.38.

ONE Gas (NYSE:OGS) has a market capitalization of $4.51 billion and generates $2.58 billion in revenue each year. The utilities provider earns $221.74 million in net income (profit) each year or $4.10 on an earnings per share basis.

The company employs 3,800 workers across the globe.

ONE Gas' mailing address is 15 EAST FIFTH STREET, TULSA OK, 74103. The official website for the company is www.onegas.com. The utilities provider can be reached via phone at (918) 947-7000 or via email at ir@onegas.com.