ONE Gas (NYSE:OGS) Earns Buy (B-) Rating from Weiss Ratings

ONE Gas (NYSE:OGS)‘s stock had its “buy (b-)” rating reiterated by stock analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

OGS has been the topic of several other reports. Mizuho raised shares of ONE Gas from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $77.00 to $86.00 in a research report on Friday, September 26th. Jefferies Financial Group raised their price objective on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley reissued an “outperform” rating and set a $72.00 price objective on shares of ONE Gas in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.69.

ONE Gas Price Performance

Shares of OGS opened at $82.86 on Friday. ONE Gas has a twelve month low of $66.38 and a twelve month high of $83.27. The firm’s fifty day simple moving average is $77.95 and its 200-day simple moving average is $75.74. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 3.43 and a beta of 0.85. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.74.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The business had revenue of $423.70 million for the quarter, compared to analyst estimates of $432.69 million. During the same period last year, the business earned $0.48 EPS. The company’s revenue was up 19.7% on a year-over-year basis. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Equities analysts forecast that ONE Gas will post 4.26 EPS for the current fiscal year.

Institutional Trading of ONE Gas

Several institutional investors and hedge funds have recently modified their holdings of the business. Caldwell Trust Co acquired a new position in ONE Gas during the second quarter worth approximately $33,000. Daiwa Securities Group Inc. bought a new position in ONE Gas during the 2nd quarter valued at $50,000. Avalon Trust Co acquired a new stake in shares of ONE Gas in the 2nd quarter worth about $51,000. UMB Bank n.a. increased its holdings in shares of ONE Gas by 36.1% in the 2nd quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 227 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in shares of ONE Gas by 5,362.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 874 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 858 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.