ONE Gas (NYSE:OGS) Rating Lowered to “Sell” at Wall Street Zen

ONE Gas (NYSE:OGS) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley upped their price objective on shares of ONE Gas from $84.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Truist Financial started coverage on shares of ONE Gas in a research note on Monday, April 20th. They set a “buy” rating and a $99.00 price target 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 for the company. Stifel Nicolaus raised their price objective on shares of ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. Finally, Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, ONE Gas has an average rating of “Moderate Buy” and a consensus price target of $90.50.

ONE Gas Trading Up 0.1%

Shares of OGS stock opened at $82.47 on Friday. The company has a market capitalization of $5.18 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 2.72 and a beta of 0.72. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $86.98 and its two-hundred day moving average is $82.91. ONE Gas has a twelve month low of $70.87 and a twelve month high of $90.78.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.02). ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The company had revenue of $831.71 million for the quarter, compared to analysts’ expectations of $969.36 million. During the same quarter last year, the company earned $1.99 EPS. ONE Gas’s revenue for the quarter was down 11.1% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities analysts forecast that ONE Gas will post 4.86 EPS for the current year.

Insiders Place Their Bets

In other ONE Gas 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 completion of the transaction, the insider owned 2,246 shares of the company’s stock, valued at approximately $194,144.24. This trade represents a 30.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.92% of the company’s stock.

Institutional Trading of ONE Gas

A number of large investors have recently made changes to their positions in OGS. American Century Companies Inc. raised its stake in ONE Gas by 5.6% in the 3rd quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider’s stock valued at $308,899,000 after purchasing an additional 202,189 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of ONE Gas by 6.9% in the third quarter. Alliancebernstein L.P. now owns 1,707,792 shares of the utilities provider’s stock valued at $138,229,000 after buying an additional 110,305 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of ONE Gas by 37.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock valued at $108,029,000 after buying an additional 380,668 shares during the period. Boston Trust Walden Corp boosted its position in ONE Gas by 5.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,103,732 shares of the utilities provider’s stock worth $85,263,000 after acquiring an additional 55,507 shares during the last quarter. Finally, Morgan Stanley grew its stake in ONE Gas by 28.2% in the 4th quarter. Morgan Stanley now owns 992,430 shares of the utilities provider’s stock worth $76,665,000 after acquiring an additional 218,571 shares during the period. Institutional investors and hedge funds 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.