In the preceding three months, 5 analysts have released ratings for ONE Gas (NYSE:OGS), presenting a wide array of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 0 | 4 | 0 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 1 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $61.8, a high estimate of $65.00, and a low estimate of $58.00. This upward trend is evident, with the current average reflecting a 0.49% increase from the previous average price target of $61.50.
Interpreting Analyst Ratings: A Closer Look
A comprehensive examination of how financial experts perceive ONE Gas is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Stephen Byrd | Morgan Stanley | Lowers | Equal-Weight | $58.00 | $61.00 |
| Gabriel Moreen | Mizuho | Raises | Neutral | $65.00 | $64.00 |
| Stephen Byrd | Morgan Stanley | Raises | Equal-Weight | $61.00 | $58.00 |
| Gabriel Moreen | Mizuho | Raises | Neutral | $64.00 | $63.00 |
| William Appicelli | UBS | Announces | Sell | $61.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to ONE Gas. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of ONE Gas compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for ONE Gas's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into ONE Gas's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on ONE Gas analyst ratings.
Unveiling the Story Behind ONE Gas
ONE Gas Inc is a regulated natural gas utility company. It is involved in the distribution and sale of natural gas to residential, commercial, industrial, and transportation consumers through its network of pipelines and service lines. Almost all of the company's revenue is derived from natural gas sales in the states of Oklahoma, Kansas, and Texas. The company controls considerable market shares in Oklahoma and Kansas.
ONE Gas: A Financial Overview
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining ONE Gas's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -26.53% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.
Net Margin: ONE Gas's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 13.1%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.55%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): ONE Gas's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.28%, the company may face hurdles in achieving optimal financial performance.
Debt Management: ONE Gas's debt-to-equity ratio is below the industry average. With a ratio of 1.11, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
How Are Analyst Ratings Determined?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.