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

Wall Street Zen cut shares of ONE Gas (NYSE:OGS) from a hold rating to a sell rating in a report released on Saturday,Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on OGS. Capital One Financial set a $93.00 price target on shares of ONE Gas in a research note on Friday, June 12th. Morgan Stanley reduced their price objective on shares of ONE Gas from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. BTIG Research reaffirmed a “buy” rating and issued a $96.00 target price on shares of ONE Gas in a report on Thursday, July 23rd. Finally, Scotiabank initiated coverage on shares of ONE Gas in a report on Tuesday, September 29th. They issued a “sector outperform” rating and a $86.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $87.12.

ONE Gas Trading Up 1.6%

ONE Gas stock opened at $73.68 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. The business’s fifty day simple moving average is $77.20 and its two-hundred day simple moving average is $80.34. ONE Gas has a 12 month low of $70.37 and a 12 month high of $90.78. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64.

ONE Gas (NYSE:OGS) last released its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.19. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%. The firm had revenue of $411.64 million for the quarter, compared to analysts’ expectations of $410.29 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. 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 4.91 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, August 17th. ONE Gas’s dividend payout ratio (DPR) is currently 58.62%.

Institutional Investors Weigh In On ONE Gas

Hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of ONE Gas in the second quarter worth about $701,266,000. Energy Income Partners LLC purchased a new stake in shares of ONE Gas during the second quarter worth about $135,948,000. Bank of New York Mellon Corp purchased a new stake in shares of ONE Gas during the second quarter worth about $56,308,000. Bank of America Corp DE purchased a new stake in shares of ONE Gas during the second quarter worth about $44,011,000. Finally, Legal & General Group Plc purchased a new position in ONE Gas in the 2nd quarter worth approximately $23,103,000. Institutional investors own 88.71% of the company’s stock.

About ONE Gas