ONE Gas, Inc. (NYSE:OGS) Given Consensus Recommendation of “Hold” by Brokerages

ONE Gas, Inc. (NYSE:OGS) has been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $85.8571.

Several research firms recently issued reports on OGS. Jefferies Financial Group increased their price target on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. UBS Group cut their target price on ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday. Bank of America lifted their price target on ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Morgan Stanley restated an “underperform” rating and set a $75.00 price objective on shares of ONE Gas in a research report on Thursday, November 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ONE Gas in a research report on Wednesday, October 8th.

ONE Gas Price Performance

Shares of OGS stock opened at $77.34 on Friday. The firm has a fifty day moving average of $80.85 and a 200-day moving average of $76.98. ONE Gas has a 12-month low of $66.38 and a 12-month high of $83.96. The company has a quick ratio of 0.33, a current ratio of 0.47 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 2.67 and a beta of 0.79.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $379.13 million during the quarter, compared to the consensus estimate of $404.19 million. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. On average, equities research analysts forecast that ONE Gas will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.68 annualized dividend and a dividend yield of 3.5%. ONE Gas’s payout ratio is 62.47%.

Hedge Funds Weigh In On ONE Gas

Several institutional investors and hedge funds have recently added to or reduced their stakes in OGS. Hudson Bay Capital Management LP acquired a new position in shares of ONE Gas during the third quarter worth $1,628,000. Swiss Life Asset Management Ltd bought a new stake in ONE Gas during the 3rd quarter worth $234,000. CIBC Private Wealth Group LLC increased its holdings in ONE Gas by 126.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,252 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 698 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in ONE Gas in the 3rd quarter worth about $517,000. Finally, Captrust Financial Advisors raised its position in ONE Gas by 1.9% in the third quarter. Captrust Financial Advisors now owns 40,438 shares of the utilities provider’s stock valued at $3,273,000 after purchasing an additional 761 shares during the last quarter. 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.