OGS Stock Summary and Trading Ideas (One Gas | NYSE:OGS)

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 trades on the NYSE stock market under the symbol OGS.

As of May 3, 2024, OGS stock price declined to $65.45 with 247,250 million shares trading.

OGS has a beta of 0.28, meaning it tends to be less sensitive to market movements. OGS has a correlation of 0.02 to the broad based SPY ETF.

OGS has a market cap of $3.70 billion. This is considered a Mid Cap stock.

Last quarter One Gas reported $606 million in Revenue and $1.27 earnings per share. This fell short of revenue expectation by $-290 million and met earnings estimates .

In the last 3 years, OGS stock traded as high as $92.26 and as low as $55.50.

The top ETF exchange traded funds that OGS belongs to (by Net Assets): IJH, VTI, VB, IWM, VBR.

OGS has underperformed the market in the last year with a price return of -14.7% while the SPY ETF gained +27.0%. However, in the short term, OGS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.9% vs +3.7% return in SPY. But in the last 2 weeks, OGS shares have been beat by the market, returning +1.6% compared to an SPY return of +3.3%.

OGS support price is $64.97 and resistance is $66.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OGS stock will trade within this expected range on the day.