ONE Gas, Inc. (NYSE:OGS) Sees Large Increase in Short Interest

ONE Gas, Inc. (NYSE:OGS) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 3,000,962 shares, a growth of 18.8% from the March 31st total of 2,526,288 shares. Based on an average daily trading volume, of 430,333 shares, the days-to-cover ratio is presently 7.0 days. Approximately 4.8% of the company’s stock are short sold.

Insider Buying and Selling at ONE Gas

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total value of $86,440.00. Following the completion of the sale, the insider directly owned 2,246 shares in the company, valued at approximately $194,144.24. This represents a 30.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new position in ONE Gas during the fourth quarter worth approximately $25,000. Triumph Capital Management boosted its position in ONE Gas by 247.0% during the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 247 shares in the last quarter. Garner Asset Management Corp purchased a new position in ONE Gas during the fourth quarter worth approximately $29,000. Torren Management LLC purchased a new position in ONE Gas during the fourth quarter worth approximately $31,000. Finally, Quarry LP boosted its position in ONE Gas by 188.0% during the fourth quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 267 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Stock Down 0.3%

NYSE:OGS traded down $0.26 during mid-day trading on Friday, hitting $88.96. 440,304 shares of the company’s stock traded hands, compared to its average volume of 363,948. The company has a fifty day moving average of $87.30 and a 200 day moving average of $82.71. ONE Gas has a twelve month low of $70.87 and a twelve month high of $90.78. The company has a market capitalization of $5.58 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.99 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.60.

ONE Gas (NYSE:OGS) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The company had revenue of $689.37 million for the quarter, compared to analyst estimates of $990.44 million. During the same period in the prior year, the company posted $1.34 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, analysts forecast that ONE Gas will post 4.8 EPS for the current year.

Wall Street Analysts Forecast Growth

OGS has been the subject of several research reports. Morgan Stanley upped their target price on ONE Gas from $84.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Stifel Nicolaus boosted their price target on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, February 24th. Truist Financial initiated coverage on ONE Gas in a research report on Monday, April 20th. They issued a “buy” rating and a $99.00 price target for the company. Finally, Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, ONE Gas has an average rating of “Moderate Buy” and a consensus price target of $89.00.

About ONE Gas

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.