Mizuho Sets New $79.00 Price Target for ONE Gas Stock
October 27, 2023
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Mizuho recently set a new price target of $79.00 for the ONE ($NYSE:OGS) Gas stock, a leading natural gas distribution company in the United States. They are known for their commitment to safety and reliability with an excellent customer service record. With Mizuho’s strong financial analysis capabilities and its strong outlook on ONE Gas’s future prospects, this new price target should help encourage more investors to enter the stock market and purchase ONE Gas shares.
This could result in further growth in the stock’s value and boost shareholder confidence in the company. It is a sign of the trust that Mizuho has in the company and will help drive further investment into the stock.
Market Price
While the new price target is higher than the current opening price, investors seem to be cautious about the stock, given the dip in price. It will be interesting to see how the analysts’ assessment affects the stock price over the long term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for One Gas. More…
| Total Revenues | Net Income | Net Margin |
| 2.61k | 226.04 | 8.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for One Gas. More…
| Operations | Investing | Financing |
| 2.03k | -684.02 | -1.32k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for One Gas. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.34k | 4.68k | 47.88 |
Key Ratios Snapshot
Some of the financial key ratios for One Gas are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.2% | 6.8% | 14.3% |
| FCF Margin | ROE | ROA |
| 51.9% | 8.8% | 3.2% |
Analysis
GoodWhale has performed an analysis on ONE GAS‘s fundamentals and has concluded that it is classified as a ‘cheetah’, referring to companies which have achieved high revenue or earnings growth but are considered less stable due to lower profitability. Considering its intermediate health score of 4/10 with regard to its cashflows and debt, ONE GAS is likely to pay off debt and fund future operations. In terms of other fundamentals, ONE GAS is strong in asset and dividend, and medium in growth and profitability. Given these findings, investors who are looking for high-growth companies may be interested in investing in ONE GAS. However, due to the company’s lower profitability, investors should consider the risks carefully before making an investment. More…
Peers
Gas Inc is one of the world’s leading suppliers of natural gas. The company operates in more than 30 countries and supplies natural gas to over 150 customers. Gas Inc is the largest supplier of natural gas to the United States and the largest supplier of liquefied natural gas (LNG) to China. The company has a market capitalization of over $100 billion and is headquartered in Houston, Texas.
– Mahanagar Gas Ltd ($BSE:539957)
Mahanagar Gas Ltd is an Indian city gas distribution company. It is a joint venture between GAIL and the Government of Maharashtra. The company was incorporated in 1995 and is headquartered in Mumbai.
Mahanagar Gas Ltd has a market cap of 88.58B as of March 31st, 2022. The company has a Return on Equity of 12.43%. Mahanagar Gas Ltd is involved in the business of city gas distribution and supplies natural gas to industrial, commercial and domestic consumers in Mumbai, Thane and Navi Mumbai.
– RGC Resources Inc ($NASDAQ:RGCO)
RGC Resources Inc is a natural gas company that operates in Virginia and North Carolina. The company has a market cap of 240.64M as of 2022 and a Return on Equity of -13.92%. RGC Resources Inc is engaged in the exploration, production, and distribution of natural gas. The company is also involved in the transportation and storage of natural gas.
– Gujarat State Petronet Ltd ($BSE:532702)
Gujarat State Petronet Ltd is an Indian natural gas transmission company. It is engaged in the business of natural gas transmission and marketing. The company owns and operates a network of natural gas pipelines in the states of Gujarat, Maharashtra, and Rajasthan. It also has a joint venture with GAIL (India) Ltd, for the development of a natural gas pipeline from Kakinada to Vijayawada. The company has a market cap of 133.77B as of 2022 and a Return on Equity of 22.98%.
Summary
ONE Gas Inc. (NYSE:OGS) has recently been assigned a new price target of $79.00 by Mizuho, a major investment bank. Investors should consider this update and consider if ONE Gas has potential to reach this new target. A comprehensive analysis of ONE Gas’s financials, performance, and current standing in the industry should be conducted to determine if it would be a good investment.
Furthermore, investors should compare ONE Gas to its direct competitors in order to assess if it has better prospects than other companies in the industry. Finally, investors should analyze macroeconomic trends that may affect ONE Gas and consider what additional measures the company could take to improve its performance.
