Morgan Stanley Has Lowered Expectations for ONE Gas (NYSE:OGS) Stock Price

ONE Gas (NYSE:OGS) had its target price decreased by analysts at Morgan Stanley from $86.00 to $82.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 2.83% from the company’s previous close.

A number of other brokerages have also commented on OGS. Wolfe Research started coverage on shares of ONE Gas in a research report on Tuesday, May 26th. They issued a “peer perform” rating on the stock. Mizuho reduced their price objective on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, June 9th. Truist Financial decreased their price objective on ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Weiss Ratings lowered ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price target for the company in a research report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.23.

ONE Gas Stock Down 2.0%

OGS stock traded down $1.65 during trading hours on Friday, reaching $79.74. 99,506 shares of the stock were exchanged, compared to its average volume of 544,057. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 2.24 and a beta of 0.66. The firm’s 50-day moving average is $78.82 and its 200-day moving average is $82.71. ONE Gas has a 12 month low of $74.06 and a 12 month high of $90.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.19. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The business had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. During the same period last year, the company earned $0.53 earnings per share. ONE Gas’s quarterly revenue was down 2.8% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities research analysts expect that ONE Gas will post 4.91 earnings per share for the current year.

Institutional Investors Weigh In On ONE Gas

A number of large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp increased its stake in ONE Gas by 3.4% in the 3rd quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock valued at $304,000 after buying an additional 125 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of ONE Gas by 3.5% during the fourth quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock valued at $312,000 after acquiring an additional 135 shares during the last quarter. Parallel Advisors LLC lifted its holdings in ONE Gas by 16.3% during the fourth quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock worth $78,000 after acquiring an additional 141 shares during the period. EverSource Wealth Advisors LLC boosted its position in ONE Gas by 25.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 161 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in ONE Gas by 0.4% in the 4th quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock valued at $3,137,000 after purchasing an additional 164 shares during the period. Institutional investors own 88.71% of the company’s stock.

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.