ONE Gas (NYSE:OGS) Upgraded at Truist Financial

Truist Financial upgraded shares of ONE Gas (NYSE:OGS) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley raised their price objective on ONE Gas from $84.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Finally, Stifel Nicolaus raised their price objective on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, ONE Gas has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

ONE Gas Trading Down 0.8%

Shares of OGS stock opened at $86.34 on Monday. The stock’s fifty day moving average price is $86.95 and its two-hundred day moving average price is $82.40. The company has a market cap of $5.42 billion, a PE ratio of 19.76, a P/E/G ratio of 2.26 and a beta of 0.75. ONE Gas has a fifty-two week low of $70.87 and a fifty-two week high of $90.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.60.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The company had revenue of $689.37 million for the quarter, compared to the consensus estimate of $990.44 million. During the same quarter last year, the business posted $1.34 EPS. ONE Gas’s revenue for the quarter was up 9.3% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities analysts predict that ONE Gas will post 4.75 EPS for the current fiscal year.

Insider Buying and Selling at ONE Gas

In related news, insider Brian F. Brumfield sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total transaction of $86,440.00. Following the sale, the insider owned 2,246 shares of the company’s stock, valued at $194,144.24. This trade represents a 30.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.92% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in ONE Gas during the 4th quarter worth about $25,000. Triumph Capital Management lifted its holdings in ONE Gas by 247.0% during the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after buying an additional 247 shares during the period. Garner Asset Management Corp acquired a new position in ONE Gas during the 4th quarter worth about $29,000. Torren Management LLC acquired a new position in ONE Gas during the 4th quarter worth about $31,000. Finally, Quarry LP lifted its holdings in ONE Gas by 188.0% during the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after buying an additional 267 shares during the period. 88.71% of the stock is owned by institutional investors and hedge funds.

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.