ONE Gas (NYSE:OGS) Reaches New 52-Week Low on Analyst Downgrade

Posted by on Oct 25th, 2023

ONE Gas, Inc. (NYSE:OGS – Get Free Report)’s share price hit a new 52-week low on Tuesday after Mizuho lowered their price target on the stock from $83.00 to $79.00. Mizuho currently has a neutral rating on the stock. ONE Gas traded as low as $64.18 and last traded at $64.28, with a volume of 385830 shares trading hands. The stock had previously closed at $65.38.

Several other analysts have also commented on OGS. StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Guggenheim cut their target price on ONE Gas from $73.00 to $64.00 in a research report on Monday, October 9th. Wells Fargo & Company cut their target price on ONE Gas from $81.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Friday, October 20th. Stifel Nicolaus boosted their target price on ONE Gas from $81.00 to $82.00 and gave the company a “hold” rating in a research report on Tuesday, August 15th. Finally, Morgan Stanley boosted their target price on ONE Gas from $70.00 to $71.00 and gave the company an “equal weight” rating in a research report on Thursday, September 21st. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $75.33.

Get Our Latest Analysis on ONE Gas

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OGS. Mackenzie Financial Corp grew its position in shares of ONE Gas by 4.5% in the first quarter. Mackenzie Financial Corp now owns 2,994 shares of the utilities provider’s stock valued at $264,000 after purchasing an additional 128 shares during the last quarter. Advisor Partners II LLC increased its stake in ONE Gas by 1.9% during the 1st quarter. Advisor Partners II LLC now owns 6,963 shares of the utilities provider’s stock worth $552,000 after buying an additional 128 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of ONE Gas by 1.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,329 shares of the utilities provider’s stock valued at $1,009,000 after purchasing an additional 138 shares in the last quarter. Captrust Financial Advisors grew its position in shares of ONE Gas by 0.5% during the 3rd quarter. Captrust Financial Advisors now owns 29,561 shares of the utilities provider’s stock valued at $2,081,000 after buying an additional 142 shares during the last quarter. Finally, Dearborn Partners LLC grew its position in shares of ONE Gas by 1.9% during the 2nd quarter. Dearborn Partners LLC now owns 7,934 shares of the utilities provider’s stock valued at $609,000 after buying an additional 150 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Trading Down 1.5 %

The firm’s 50-day simple moving average is $71.49 and its 200 day simple moving average is $76.42. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 0.71. The stock has a market cap of $3.57 billion, a P/E ratio of 15.74, a PEG ratio of 3.20 and a beta of 0.66.

ONE Gas (NYSE:OGS – Get Free Report) last issued its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.01). The firm had revenue of $398.11 million during the quarter, compared to analysts’ expectations of $397.88 million. ONE Gas had a net margin of 8.67% and a return on equity of 8.75%. The firm’s revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. As a group, equities research analysts anticipate that ONE Gas, Inc. will post 4.13 earnings per share for the current year.

ONE Gas Company Profile

(Get Free Report)

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.

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