ONE Gas (NYSE:OGS) Price Target Raised to $87.00

ONE Gas (NYSE:OGS) had its price objective raised by research analysts at Mizuho from $86.00 to $87.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. Mizuho’s target price would suggest a potential upside of 6.55% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Morgan Stanley reissued an “outperform” rating and set a $72.00 target price on shares of ONE Gas in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a research note on Wednesday, October 8th. UBS Group upgraded ONE Gas from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $66.00 to $86.00 in a research report on Tuesday. Finally, Jefferies Financial Group raised their target price on ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.39.

ONE Gas Stock Performance

OGS traded up $1.24 during trading on Tuesday, hitting $81.65. The stock had a trading volume of 97,826 shares, compared to its average volume of 495,905. The firm has a market capitalization of $4.90 billion, a P/E ratio of 19.03, a PEG ratio of 3.20 and a beta of 0.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47. ONE Gas has a twelve month low of $66.38 and a twelve month high of $83.39. The company’s 50-day moving average price is $79.84 and its 200 day moving average price is $76.26.

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

Institutional Trading of ONE Gas

Institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp grew its holdings in ONE Gas by 3.4% in the third quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock valued at $304,000 after purchasing an additional 125 shares during the last quarter. Diversified Trust Co boosted its position in shares of ONE Gas by 1.4% in the 2nd quarter. Diversified Trust Co now owns 10,660 shares of the utilities provider’s stock worth $766,000 after buying an additional 151 shares in the last quarter. Parallel Advisors LLC grew its stake in ONE Gas by 20.1% in the 2nd quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 152 shares during the last quarter. Modern Wealth Management LLC grew its stake in ONE Gas by 3.3% in the 3rd quarter. Modern Wealth Management LLC now owns 5,587 shares of the utilities provider’s stock valued at $452,000 after acquiring an additional 178 shares during the last quarter. Finally, Capital Advisors Inc. OK increased its holdings in ONE Gas by 7.1% during the 3rd quarter. Capital Advisors Inc. OK now owns 2,998 shares of the utilities provider’s stock valued at $243,000 after acquiring an additional 200 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

About ONE Gas

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.