ONE Gas (NYSE:OGS) Downgraded by Wall Street Zen to Sell

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

OGS has been the topic of a number of other reports. Scotiabank initiated coverage on shares of ONE Gas in a research report on Tuesday, September 29th. They issued a “sector outperform” rating and a $86.00 target price on the stock. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Wells Fargo & Company raised shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price target for the company in a research report on Thursday, August 6th. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a research note on Friday, June 12th. Finally, Morgan Stanley cut their price objective on shares of ONE Gas from $82.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday, September 18th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $87.12.

ONE Gas Trading Up 0.3%

OGS opened at $72.57 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. ONE Gas has a 52 week low of $70.37 and a 52 week high of $90.78. The stock has a market cap of $4.56 billion, a PE ratio of 15.64, a PEG ratio of 1.99 and a beta of 0.64. The business has a 50 day moving average of $77.29 and a 200-day moving average of $80.46.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.19. The company had revenue of $411.64 million for the quarter, compared to analysts’ expectations of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts predict that ONE Gas will post 4.91 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, August 17th. ONE Gas’s dividend payout ratio is 58.62%.

Institutional Trading of ONE Gas

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in ONE Gas by 24.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,227 shares of the utilities provider’s stock worth $448,000 after buying an additional 1,226 shares during the last quarter. Worth Asset Management LLC purchased a new stake in shares of ONE Gas during the 3rd quarter valued at about $234,000. Moody National Bank Trust Division purchased a new stake in shares of ONE Gas during the 3rd quarter valued at about $780,000. Versant Capital Management Inc grew its stake in shares of ONE Gas by 19.9% in the third quarter. Versant Capital Management Inc now owns 1,053 shares of the utilities provider’s stock worth $76,000 after acquiring an additional 175 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of ONE Gas by 9.4% in the second quarter. Sequoia Financial Advisors LLC now owns 7,933 shares of the utilities provider’s stock worth $611,000 after acquiring an additional 681 shares during the period. 88.71% of the stock is currently owned by institutional investors.

About ONE Gas