BUZZ-Jefferies upgrades One Gas citing potential in unique financing structure

Reuters2025-04-07
BUZZ-Jefferies upgrades One Gas citing potential in unique financing structure

** 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

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment