Jefferies downgrades ONE Gas stock rating on rate concerns
Jefferies downgraded ONE Gas (OGS) to Hold, cutting its price target to $80 from $103, citing higher interest rates and muted earnings expectations. The stock trades at $72.65, near its 52-week low. Jefferies reduced EPS estimates for 2027-2030, projecting $4.88 EPS for 2027, below consensus. OGS offers a 3.72% dividend yield and has raised its dividend for 12 years. Despite recent Q2 2026 earnings beat, Jefferies sees near-term hurdles.


