ONE Gas (NYSE:OGS) Rating Increased to Strong-Buy at BTIG Research

ONE Gas (NYSE:OGS) was upgraded by equities researchers at BTIG Research to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

OGS has been the topic of a number of other research reports. Wells Fargo & Company started coverage on shares of ONE Gas in a research report on Monday, May 11th. They set an “underweight” rating and a $85.00 price target on the stock. Mizuho lowered their target price on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday. Truist Financial dropped their price target on ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a research report on Friday. Finally, Wolfe Research began coverage on shares of ONE Gas in a research note on Tuesday, May 26th. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $90.10.

ONE Gas Stock Performance

NYSE:OGS opened at $77.85 on Friday. The company has a market capitalization of $4.89 billion, a PE ratio of 17.57, a P/E/G ratio of 2.59 and a beta of 0.66. The company has a 50 day simple moving average of $84.23 and a two-hundred day simple moving average of $82.59. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57. ONE Gas has a fifty-two week low of $70.87 and a fifty-two week high of $90.78.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The firm had revenue of $831.71 million during the quarter, compared to analyst estimates of $969.36 million. During the same quarter last year, the firm posted $1.99 EPS. The firm’s revenue for the quarter was down 11.1% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Research analysts anticipate that ONE Gas will post 4.72 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Alliancebernstein L.P. grew its holdings in shares of 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 buying an additional 1,490,492 shares during the last quarter. Norges Bank acquired a new stake in shares of ONE Gas in the 4th quarter worth about $70,767,000. Nuveen LLC raised its holdings in shares of ONE Gas by 101.1% in the 4th quarter. Nuveen LLC now owns 776,495 shares of the utilities provider’s stock worth $59,984,000 after acquiring an additional 390,344 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in ONE Gas by 37.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock valued at $108,029,000 after acquiring an additional 380,668 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in ONE Gas by 187.1% in the 2nd quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock valued at $39,560,000 after acquiring an additional 358,779 shares in the last quarter. 88.71% of the stock is 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.