{
  "id": 12710527,
  "title": "Jefferies downgrades ONE Gas stock rating on rate concerns",
  "url": "https://urgent.news/2026/10/07/jefferies-downgrades-one-gas-stock-rating-on-rate-concerns",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T20:52:43.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/jefferies-downgrades-one-gas-stock-rating-on-rate-concerns-93CH-4937538"
  },
  "original_language": "en",
  "account": "Jefferies recently downgraded ONE Gas Inc. (NYSE: OGS) to a \"Hold\" rating from \"Buy,\" reducing its price target from $103 to $80. The stock is currently trading at $72.65, close to its 52-week low of $70.37. The downgrade is attributed to higher-than-expected interest rates, lower-than-anticipated earnings for fiscal year 2027, and uncertainties in Texas. Jefferies also cut its EPS estimates for fiscal years 2027-2030 by 2% to 3%, projecting $4.88 EPS, which is flat year-over-year and 3.5% below consensus estimates. The stock's P/E ratio currently stands at 15.65. Despite being a defensive, well-capitalized local distribution company with a 12-year streak of dividend increases, ONE Gas faces near-term challenges in the current high-interest rate environment. The company reported strong Q2 2026 results, with adjusted earnings of $0.82 per share, up 52% year-over-year and revenue of $411.63 million, slightly beating estimates. Ladenburg Thalmann upgraded ONE Gas to a \"Buy\" rating, citing its current market discount.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}