ONE Gas (NYSE:OGS) Price Target Raised to $92.00

ONE Gas (NYSE:OGS) had its price target hoisted by Bank of America from $90.00 to $92.00 in a research note issued to investors on Thursday,Benzinga reports. Bank of America currently has a buy rating on the utilities provider’s stock.

Other analysts have also issued research reports about the company. Weiss Ratings reissued a “buy (b-)” rating on shares of ONE Gas in a research note on Wednesday, October 8th. Morgan Stanley reiterated an “underperform” rating and set a $75.00 price target on shares of ONE Gas in a report on Thursday, November 20th. UBS Group raised shares of ONE Gas from a “sell” rating to a “neutral” rating and raised their price target for the stock from $66.00 to $86.00 in a report on Tuesday, November 18th. Jefferies Financial Group increased their target price on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Mizuho boosted their price target on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, ONE Gas currently has a consensus rating of “Hold” and an average target price of $86.29.

ONE Gas Stock Performance

ONE Gas stock opened at $78.76 on Thursday. The firm has a fifty day simple moving average of $81.38 and a two-hundred day simple moving average of $76.77. The company has a quick ratio of 0.33, a current ratio of 0.47 and a debt-to-equity ratio of 0.74. ONE Gas has a twelve month low of $66.38 and a twelve month high of $83.96. The company has a market capitalization of $4.73 billion, a PE ratio of 18.36, a P/E/G ratio of 2.71 and a beta of 0.79.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $379.13 million for the quarter, compared to the consensus estimate of $404.19 million. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Research analysts expect that ONE Gas will post 4.26 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were given a dividend of $0.67 per share. The ex-dividend date was Friday, November 14th. This represents a $2.68 annualized dividend and a dividend yield of 3.4%. ONE Gas’s payout ratio is currently 62.47%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Caldwell Trust Co purchased a new position in shares of ONE Gas in the 2nd quarter valued at approximately $33,000. Advisory Services Network LLC bought a new position in ONE Gas in the third quarter worth $36,000. Daiwa Securities Group Inc. purchased a new position in ONE Gas during the second quarter valued at $50,000. Avalon Trust Co purchased a new position in ONE Gas during the second quarter valued at $51,000. Finally, UMB Bank n.a. boosted its holdings in shares of ONE Gas by 36.1% during the 2nd quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock valued at $62,000 after buying an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Company Profile

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.