ONE Gas, Inc. (NYSE:OGS) Stock Has Average Price Target of $87.12

Shares of ONE Gas, Inc. (NYSE:OGS) have been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $86.46.

OGS has been the subject of a number of analyst reports. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective for the company in a research note on Thursday, August 13th. Morgan Stanley decreased their price objective on shares of ONE Gas from $79.00 to $78.00 and set an “equal weight” rating for the company in a report on Wednesday. Truist Financial lowered their target price on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Scotiabank assumed coverage on shares of ONE Gas in a report on Tuesday, September 29th. They issued a “sector outperform” rating and a $86.00 target price on the stock. Finally, BTIG Research set a $89.00 target price on shares of ONE Gas in a report on Tuesday.

Hedge Funds Weigh In On ONE Gas

A number of institutional investors have recently made changes to their positions in OGS. BlackRock Inc. bought a new stake in ONE Gas during the 2nd quarter valued at approximately $701,266,000. Energy Income Partners LLC acquired a new position in ONE Gas during the 2nd quarter valued at $135,948,000. Bank of New York Mellon Corp acquired a new position in ONE Gas during the 2nd quarter valued at $56,308,000. Bank of America Corp DE acquired a new position in ONE Gas during the 2nd quarter valued at $44,011,000. Finally, Legal & General Group Plc acquired a new position in ONE Gas during the 2nd quarter valued at $23,103,000. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Stock Up 0.0%

OGS opened at $75.63 on Friday. The business has a 50 day moving average price of $76.58 and a 200 day moving average price of $79.78. ONE Gas has a twelve month low of $70.37 and a twelve month high of $90.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48. The firm has a market cap of $4.75 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 2.08 and a beta of 0.64.

ONE Gas (NYSE:OGS) last announced its earnings results 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 firm had revenue of $411.64 million during the quarter, compared to analysts’ expectations of $410.29 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company’s 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. Research analysts forecast that ONE Gas will post 4.91 EPS for the current year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, August 17th. ONE Gas’s dividend payout ratio (DPR) is currently 58.62%.

About ONE Gas