Morgan Stanley Boosts ONE Gas (NYSE:OGS) Price Target to $81.00

ONE Gas (NYSE:OGS) had its price objective increased by equities researchers at Morgan Stanley from $80.00 to $81.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 1.49% from the company’s current price.

Several other research firms also recently commented on OGS. Truist Financial reduced their price objective on ONE Gas from $99.00 to $95.00 and set a “buy” rating for the company in a report on Monday, May 18th. BTIG Research began coverage on shares of ONE Gas in a research note on Friday, June 12th. They set a “buy” rating and a $93.00 target price on the stock. Wells Fargo & Company initiated coverage on shares of ONE Gas in a report on Monday, May 11th. They set an “underweight” rating and a $85.00 price target on the stock. Mizuho reduced their price target 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. Finally, Wall Street Zen cut shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $90.00.

ONE Gas Stock Performance

Shares of OGS opened at $79.81 on Friday. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 2.71 and a beta of 0.66. The business’s fifty day simple moving average is $79.09 and its two-hundred day simple moving average is $82.35. ONE Gas has a 12 month low of $71.71 and a 12 month high of $90.78. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.02). The business had revenue of $831.71 million during the quarter, compared to analysts’ expectations of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.99 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Research analysts anticipate that ONE Gas will post 4.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ONE Gas

A number of large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of ONE Gas in the 4th quarter worth approximately $25,000. Triumph Capital Management grew its position in ONE Gas by 247.0% during the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after buying an additional 247 shares during the period. Garner Asset Management Corp bought a new stake in ONE Gas during the fourth quarter valued at approximately $29,000. Torren Management LLC bought a new stake in ONE Gas during the fourth quarter valued at approximately $31,000. Finally, Quarry LP increased its holdings in ONE Gas by 188.0% during the fourth quarter. Quarry LP now owns 409 shares of the utilities provider’s stock valued at $32,000 after buying an additional 267 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

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.