ONE Gas, Inc. (NYSE:OGS) Receives $81.72 Consensus Price Target from Analysts

by · The Cerbat Gem

ONE Gas, Inc. (NYSE:OGS – Get Free Report) has been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $81.7222.

OGS has been the subject of a number of research analyst reports. UBS Group upgraded ONE Gas from a “sell” rating to a “neutral” rating and raised their target price for the company from $66.00 to $86.00 in a report on Tuesday, November 18th. Mizuho raised their price objective on shares of ONE Gas from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Morgan Stanley restated an “underperform” rating and issued a $75.00 price objective on shares of ONE Gas in a report on Thursday, November 20th. Jefferies Financial Group increased their target price on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a research note on Wednesday, October 8th.

Read Our Latest Stock Analysis on OGS

ONE Gas Stock Performance

Shares of OGS stock opened at $83.74 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47. The firm has a market cap of $5.02 billion, a P/E ratio of 19.52, a P/E/G ratio of 3.10 and a beta of 0.79. The firm’s 50 day moving average price is $81.16 and its 200-day moving average price is $76.61. ONE Gas has a one year low of $66.38 and a one year high of $83.96.

ONE Gas (NYSE:OGS – Get Free Report) last announced its earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The company had revenue of $379.13 million for the quarter, compared to analyst estimates of $404.19 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. As a group, equities research analysts predict that ONE Gas will post 4.26 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, November 14th. ONE Gas’s payout ratio is presently 62.47%.

Hedge Funds Weigh In On ONE Gas

Several hedge funds and other institutional investors have recently made changes to their positions in OGS. Caldwell Trust Co acquired a new position in ONE Gas during the 2nd quarter worth approximately $33,000. Advisory Services Network LLC purchased a new stake in shares of ONE Gas during the 3rd quarter worth $36,000. Daiwa Securities Group Inc. purchased a new stake in shares of ONE Gas during the 2nd quarter worth $50,000. Avalon Trust Co acquired a new position in shares of ONE Gas during the second quarter worth $51,000. Finally, UMB Bank n.a. increased its holdings in ONE Gas by 36.1% in the second quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock valued at $62,000 after buying an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Company Profile

(Get Free Report)

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.

Featured Articles