What is the best trade option for ONE Gas Inc. (OGS) stock?

Currently, ONE Gas Inc. [OGS] is trading at $87.54, up 0.45%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OGS shares have gain 7.37% over the last week, with a monthly amount glided 18.76%, and seem to be holding up well over a long-time horizon.

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On 1, November 2022, /C O R R E C T I O N — ONE Gas, Inc./. In a post published today on Yahoo Finance, This news release is being issued as a correction to our third quarter 2022 financial results and report released on October 31, 2022. The sole purpose of this correction is due to an inadvertent error that omitted the “Repayment of long-term debt” line in the financing activities section of the unaudited Consolidated Statements of Cash Flows. No other changes have been made to the news release. The complete, corrected release follows:.

From an analyst’s perspective:

ONE Gas Inc. [NYSE: OGS] stock has seen the most recent analyst activity on April 29, 2022, when Mizuho downgraded its rating to a Neutral but kept the price target unchanged to $92 for it. Previously, BofA Securities upgraded its rating to Buy on February 17, 2022, and kept the price target unchanged to $83. On January 06, 2022, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $80 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $78 on December 15, 2021. UBS upgraded its rating to a Buy. UBS downgraded its rating to Neutral for this stock on March 22, 2021, and upped its price target to $80. In a note dated March 11, 2021, Edward Jones initiated an Hold rating.

This stock has fluctuated between a low of $64.37 and a high of $92.26 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $82.43 within the next 12 months. ONE Gas Inc. [NYSE: OGS] shares were valued at $87.54 at the most recent close of the market. An investor can expect a potential drop of -5.84% based on the average OGS price forecast.

Analyzing the OGS fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 86.63 points at the first support level, and at 85.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.20, and for the 2nd resistance point, it is at 88.85.

ONE Gas Inc. [OGS] reported earnings per share of $0.59 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.59/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.83 per share as compared to estimates of $1.93 per share, a difference of -$0.1 representing a surprise of -5.20%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for ONE Gas Inc. [NYSE:OGS] is 0.90.

Transactions by insiders

Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 1 selling 800 shares in the past 3 months. Recent insider trading involved RODRIGUEZ EDUARDO A, Director, that happened on Sep 27 when 800.0 shares were sold. Director, Hutchinson Michael G completed a deal on Mar 11 to sell 750.0 shares.