Jefferies upgrades One Gas citing potential in unique financing structure

ReutersApr 7, 2025 11:52 AM

Brokerage Jefferies upgrades energy utility co One Gas OGS.N to "buy" from "hold" and raises PT to $84 from $76

New PT represents a 14% upside to stock's last close

Brokerage believes OGS is a defensive utility company that can perform well in uncertain economic times

Brokerage sees upside to company's unique financing structure, potentially boosting earnings if interest rates are cut

Lower natural gas prices could help improve outlook for OGS customers, says brokerage

3 of 9 brokerages rate stock "buy" or higher, 5 rate hold, 1 rates "sell"; their median PT is $75.5 - according to data compiled by LSEG

As of last close, OGS up 6.3% YTD

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