ONE Gas (NYSE:OGS) Rating Increased to Buy at LADENBURG THALM/SH SH

ONE Gas (NYSE:OGS) was upgraded by LADENBURG THALM/SH SH from a “neutral” rating to a “buy” rating in a report released on Thursday, MarketBeat reports. The brokerage currently has a $85.50 target price on the utilities provider’s stock. LADENBURG THALM/SH SH’s price target points to a potential upside of 6.46% from the company’s previous close.

Several other analysts have also commented on the stock. Capital One Financial set a $93.00 price target on shares of ONE Gas in a research report on Friday, June 12th. Morgan Stanley increased their price objective on ONE Gas from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Truist Financial cut their target price on ONE Gas from $95.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings downgraded ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, ONE Gas currently has an average rating of “Moderate Buy” and an average target price of $89.32.

ONE Gas Trading Up 0.9%

Shares of OGS stock opened at $80.31 on Thursday. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. ONE Gas has a twelve month low of $73.91 and a twelve month high of $90.78. The company’s 50-day moving average price is $78.32 and its 200-day moving average price is $82.61. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 2.20 and a beta of 0.66.

ONE Gas (NYSE:OGS) last released its quarterly earnings data 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 firm had revenue of $411.64 million during the quarter, compared to analysts’ expectations of $410.29 million. During the same period last year, the business earned $0.53 earnings per share. ONE Gas’s 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. As a group, equities analysts predict that ONE Gas will post 4.88 earnings per share for the current year.

Hedge Funds Weigh In On ONE Gas

A number of hedge funds have recently made changes to their positions in OGS. Triumph Capital Management raised its holdings in shares of ONE Gas by 247.0% in the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after buying an additional 247 shares during the period. Garner Asset Management Corp purchased a new position in ONE Gas during the 4th quarter valued at about $29,000. Torren Management LLC acquired a new position in ONE Gas in the 4th quarter valued at about $31,000. Quarry LP grew its position in ONE Gas by 188.0% in the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 267 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in ONE Gas during the third quarter worth about $36,000. Hedge funds and other institutional investors 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.