ONE Gas (NYSE:OGS) Stock Gets Price Target Cut from Morgan Stanley

ONE Gas (NYSE:OGS) had its price objective dropped by equities researchers at Morgan Stanley from $79.00 to $78.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 2.83% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Jefferies Financial Group cut shares of ONE Gas from a “buy” rating to a “hold” rating and lowered their target price for the company from $103.00 to $80.00 in a research note on Wednesday, October 7th. Wells Fargo & Company upgraded ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price target for the company in a research note on Thursday, August 6th. Truist Financial decreased their price target on ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Finally, LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective on the stock in a research report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $86.46.

ONE Gas Stock Performance

Shares of NYSE:OGS traded up $0.26 during mid-day trading on Wednesday, reaching $75.86. 84,049 shares of the company traded hands, compared to its average volume of 554,832. The company’s 50 day moving average price is $76.68 and its 200-day moving average price is $79.88. The firm has a market cap of $4.77 billion, a PE ratio of 16.36, a PEG ratio of 2.05 and a beta of 0.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37. ONE Gas has a 52 week low of $70.37 and a 52 week high of $90.78.

ONE Gas (NYSE:OGS) last released its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.19. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The company had revenue of $411.64 million during the quarter, compared to analyst estimates of $410.29 million. During the same period in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities analysts expect that ONE Gas will post 4.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OGS. Nisa Investment Advisors LLC increased its holdings in shares of ONE Gas by 2.4% in the third quarter. Nisa Investment Advisors LLC now owns 15,083 shares of the utilities provider’s stock worth $1,084,000 after purchasing an additional 352 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in ONE Gas during the third quarter valued at approximately $245,000. Farther Finance Advisors LLC grew its holdings in ONE Gas by 24.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,227 shares of the utilities provider’s stock valued at $448,000 after buying an additional 1,226 shares in the last quarter. Worth Asset Management LLC purchased a new position in ONE Gas during the 3rd quarter valued at approximately $234,000. Finally, Moody National Bank Trust Division purchased a new position in ONE Gas during the 3rd quarter valued at approximately $780,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

About ONE Gas