ONE Gas (NYSE:OGS) Upgraded by Wells Fargo & Company to “Strong Sell” Rating

ONE Gas (NYSE:OGS) was upgraded by equities researchers at Wells Fargo & Company to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms have also recently commented on OGS. Truist Financial initiated coverage on ONE Gas in a research note on Monday, April 20th. They set a “buy” rating and a $99.00 target price for the company. Stifel Nicolaus increased their target price on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings upgraded ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Finally, Morgan Stanley increased their target price on ONE Gas from $84.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.50.

ONE Gas Stock Down 0.1%

Shares of NYSE:OGS opened at $84.87 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66. ONE Gas has a 52-week low of $70.87 and a 52-week high of $90.78. The company has a 50 day moving average of $87.21 and a two-hundred day moving average of $82.90. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.02). The business had revenue of $831.71 million for the quarter, compared to analysts’ expectations of $969.36 million. ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, analysts forecast that ONE Gas will post 4.86 earnings per share for the current fiscal year.

Insider Transactions at ONE Gas

In related news, insider Brian F. Brumfield sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total transaction of $86,440.00. Following the transaction, the insider directly owned 2,246 shares in the company, valued at $194,144.24. This trade represents a 30.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.92% of the stock is owned by company insiders.

Hedge Funds Weigh In On ONE Gas

Several large investors have recently added to or reduced their stakes in the company. Magellan Asset Management Ltd lifted its stake in ONE Gas by 18.2% during the first quarter. Magellan Asset Management Ltd now owns 57,731 shares of the utilities provider’s stock worth $4,972,000 after purchasing an additional 8,885 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in ONE Gas by 9.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,563 shares of the utilities provider’s stock worth $307,000 after purchasing an additional 314 shares during the last quarter. Meeder Asset Management Inc. bought a new position in ONE Gas during the first quarter worth $177,000. Parallel Advisors LLC lifted its stake in ONE Gas by 27.4% during the first quarter. Parallel Advisors LLC now owns 1,282 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 276 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in ONE Gas by 61.0% during the first quarter. Bessemer Group Inc. now owns 549 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 208 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

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.