ONE Gas Enters Forward Sale Agreement with JPMorgan

An announcement from ONE Gas ( (OGS) ) is now available.

On May 8, 2025, ONE Gas, Inc. entered into a forward sale agreement with JPMorgan Chase Bank for 2,500,000 shares of its common stock, with settlement expected by December 31, 2026. Additionally, the company signed an underwriting agreement with J.P. Morgan Securities LLC for a public offering of the same number of shares, with an option for an additional 375,000 shares, marking a strategic move to enhance its financial flexibility and market presence.

The most recent analyst rating on (OGS) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on ONE Gas stock, see the OGS Stock Forecast page.

Spark’s Take on OGS Stock

According to Spark, TipRanks’ AI Analyst, OGS is a Outperform.

ONE Gas shows strong financial stability with robust profitability and operational efficiency. While there are challenges in revenue growth and liquidity, the company’s strong balance sheet and positive technical trends suggest resilience and potential for future growth. Valuation metrics are reasonable, and the dividend yield provides income appeal. Recent earnings call insights reinforce confidence in strategic initiatives despite some cost pressures.

To see Spark’s full report on OGS stock, click here.

More about ONE Gas

ONE Gas, Inc. operates in the natural gas utility industry, providing natural gas distribution services to customers in various regions. The company focuses on delivering safe and reliable energy solutions to its stakeholders.

Average Trading Volume: 533,890

Technical Sentiment Signal: Buy

Current Market Cap: $4.62B

Find detailed analytics on OGS stock on TipRanks’ Stock Analysis page.