Scotiabank Has Positive Outlook for ONE Gas FY2026 Earnings

ONE Gas, Inc. (NYSE:OGS) – Scotiabank upped their FY2026 EPS estimates for shares of ONE Gas in a research note issued to investors on Wednesday, November 11th. Scotiabank analyst I. Rapp now expects that the utilities provider will post earnings per share of $4.98 for the year, up from their previous estimate of $4.89. Scotiabank currently has a “Sector Outperform” rating and a $87.00 price target on the stock. The consensus estimate for ONE Gas’ current full-year earnings is $4.93 per share. Scotiabank also issued estimates for ONE Gas’ FY2027 earnings at $5.01 EPS.

OGS has been the topic of several other research reports. Jefferies Financial Group lowered ONE Gas from a “buy” rating to a “hold” rating and decreased their price target for the company from $103.00 to $80.00 in a research note on Wednesday, October 7th. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a research report on Sunday, November 1st. Wells Fargo & Company upped their price objective on ONE Gas from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 4th. Ladenburg Thalmann & Co. Inc. raised ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective on the stock in a research note on Thursday, August 13th. Finally, Truist Financial reduced their price objective on ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.12.

ONE Gas Stock Up 0.4%

NYSE OGS opened at $82.69 on Friday. The business has a fifty day moving average price of $76.49 and a two-hundred day moving average price of $80.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.58 and a quick ratio of 0.40. ONE Gas has a fifty-two week low of $70.37 and a fifty-two week high of $90.78. The stock has a market capitalization of $5.20 billion, a PE ratio of 17.63, a PEG ratio of 2.17 and a beta of 0.62.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, November 2nd. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. ONE Gas had a net margin of 12.61% and a return on equity of 8.80%. The business had revenue of $391.31 million for the quarter, compared to analysts’ expectations of $398.23 million. During the same period last year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Monday, November 16th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.72 annualized dividend and a yield of 3.3%. ONE Gas’s dividend payout ratio is presently 58.00%.

Hedge Funds Weigh In On ONE Gas

Several institutional investors and hedge funds have recently added to or reduced their stakes in OGS. Gabelli Funds LLC raised its holdings in ONE Gas by 11.5% in the 3rd quarter. Gabelli Funds LLC now owns 212,800 shares of the utilities provider’s stock valued at $15,294,000 after buying an additional 22,000 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in ONE Gas by 1.2% during the 3rd quarter. Gamco Investors INC. ET AL now owns 39,410 shares of the utilities provider’s stock worth $2,832,000 after buying an additional 450 shares during the period. Benjamin Edwards Inc. boosted its position in ONE Gas by 4.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 20,844 shares of the utilities provider’s stock worth $1,498,000 after buying an additional 888 shares during the period. First Trust Advisors LP grew its holdings in ONE Gas by 11.3% during the 3rd quarter. First Trust Advisors LP now owns 636,485 shares of the utilities provider’s stock worth $45,744,000 after acquiring an additional 64,453 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in ONE Gas by 18.9% during the 3rd quarter. Voya Investment Management LLC now owns 39,428 shares of the utilities provider’s stock worth $2,834,000 after acquiring an additional 6,265 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc. is a regulated natural gas distribution company that delivers natural gas to residential, commercial and industrial customers. Its operations serve communities in Oklahoma, Kansas and Texas. The company operates through three utility divisions: Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. Its services include distributing natural gas through local pipeline systems and maintaining the infrastructure used to provide that service. ONE Gas became an independent, publicly traded company in 2014 after separating from ONEOK, Inc. Its business is focused on natural gas distribution rather than exploration or production.