ONE Gas (NYSE:OGS) Announces Quarterly Earnings Results

ONE Gas (NYSE:OGS) posted its earnings results on Monday. The utilities provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.02), Zacks reports. The business had revenue of $831.71 million for the quarter, compared to analyst estimates of $969.36 million. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%. ONE Gas updated its FY 2026 guidance to 4.830-4.950 EPS.

ONE Gas Stock Performance

OGS stock traded down $0.12 during mid-day trading on Monday, reaching $88.79. 397,355 shares of the stock traded hands, compared to its average volume of 468,080. The company has a quick ratio of 0.48, a current ratio of 0.60 and a debt-to-equity ratio of 0.68. ONE Gas has a 52 week low of $70.87 and a 52 week high of $90.78. The business has a 50-day moving average of $87.30 and a two-hundred day moving average of $82.75. The firm has a market capitalization of $5.57 billion, a PE ratio of 20.32, a P/E/G ratio of 2.98 and a beta of 0.72.

Insider Transactions at ONE Gas

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total transaction of $86,440.00. Following the completion of the sale, the insider directly owned 2,246 shares in the company, valued at $194,144.24. This represents a 30.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On ONE Gas

A number of hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. boosted 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 valued at $114,795,000 after acquiring an additional 1,490,492 shares during the period. Morgan Stanley lifted its stake in shares of ONE Gas by 28.2% in the fourth quarter. Morgan Stanley now owns 992,430 shares of the utilities provider’s stock valued at $76,665,000 after buying an additional 218,571 shares during the period. Energy Income Partners LLC lifted its stake in shares of ONE Gas by 22.2% in the third quarter. Energy Income Partners LLC now owns 846,247 shares of the utilities provider’s stock valued at $68,495,000 after buying an additional 153,760 shares during the period. Nuveen LLC lifted its stake in shares of ONE Gas by 101.1% in the fourth quarter. Nuveen LLC now owns 776,495 shares of the utilities provider’s stock valued at $59,984,000 after buying an additional 390,344 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of ONE Gas by 0.4% in the third quarter. Franklin Resources Inc. now owns 720,381 shares of the utilities provider’s stock valued at $58,308,000 after buying an additional 2,546 shares during the period. 88.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ONE Gas Company Profile

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.