ONE Gas, Inc. (OGS) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$86.00
Price Target
$89.60
Target Range
$83.00 — $99.00
Analyst Rating
Hold
Forward P/E17.9x
Trailing P/E19.7x
Forward PEG5.11
Implied Growth+11.2%
Median Target$90.00
Analyst Spread17.9%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$83
-3.5%
Consensus
$90
+4.2%
Bull Case
$99
+15.1%
Valuation Model TargetsConfidence: 49/100
Bear$41
Base$89
Bull$121
OGS Price Target Analysis
Updated May 7, 2026As of May 7, 2026, ONE Gas, Inc. (OGS) has a Wall Street consensus price target of $89.60, based on estimates from 14 covering analysts. With the stock currently trading at $86.00, this represents a potential upside of +4.2%. The company has a market capitalization of $5.40B.
Analyst price targets range from a low of $83.00 to a high of $99.00, representing a 18% spread in expectations. The median target of $90.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 4 analysts rating the stock as a Buy or Strong Buy,10 rating it Hold, and 0 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, OGS trades at a trailing P/E of 19.7x and forward P/E of 17.9x. The forward PEG ratio of 5.11 reflects a premium valuation. Analysts expect EPS to grow +11.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $89.30, with bear and bull scenarios of $40.89 and $120.88 respectively. Model confidence stands at 49/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Utilities stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+10.2%
Avg Forward P/E17.4x
Peers with Coverage9 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SRSpire Inc. | $5.1B | $86.21 | $97.00 | +12.5% | Buy | 16.6x | 15 |
 NJRNew Jersey Resources Corporation | $5.5B | $54.86 | $55.75 | +1.6% | Buy | 16.2x | 16 |
 SWXSouthwest Gas Holdings, Inc. | $6.6B | $90.82 | $96.00 | +5.7% | Buy | 21.3x | 13 |
 NWNNorthwest Natural Holding Company | $2.0B | $48.66 | $57.00 | +17.1% | Hold | 16.0x | 8 |
 RGCORGC Resources, Inc. | $238M | $23.01 | — | — | Buy | 17.6x | 4 |
 ATOAtmos Energy Corporation | $30.5B | $184.52 | $179.00 | -3.0% | Hold | 22.2x | 20 |
 NFGNational Fuel Gas Company | $7.7B | $81.51 | $101.00 | +23.9% | Buy | 10.5x | 18 |
 UGIUGI Corporation | $7.5B | $35.02 | $42.00 | +19.9% | Buy | 11.5x | 10 |
 CMSCMS Energy Corporation | $22.9B | $74.05 | $81.00 | +9.4% | Buy | 19.1x | 29 |
 NINiSource Inc. | $22.7B | $47.48 | $49.80 | +4.9% | Buy | 23.1x | 22 |
Upside Potential Comparison
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Start ComparisonOGS — Frequently Asked Questions
Quick answers to the most common questions about buying OGS stock.
What is the OGS stock price target for 2026?
The consensus price target for OGS is $89.6, close to the current price of $86 (4.2% implied move). Based on 14 analyst estimates, the stock appears fairly valued near current levels.
Is OGS a buy, sell, or hold?
OGS has a consensus rating of "Hold" based on 14 Wall Street analysts. The rating breakdown is mixed, with 10 Hold ratings making up the largest segment. The consensus 12-month price target of $89.6 implies 4.2% upside from current levels.
Is OGS stock overvalued or undervalued?
With a forward P/E of 17.8776x, OGS trades at a relatively low valuation. The consensus target of $89.6 implies 4.2% appreciation, suggesting the market may be pricing in risks.
How high can OGS stock go?
The most bullish Wall Street analyst has a price target of $99 for OGS, while the most conservative target is $83. The consensus of $89.6 represents the median expectation. Our quantitative valuation model projects a bull case target of $121 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover OGS stock?
OGS is moderately covered, with 14 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 4 have Buy ratings, 10 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the OGS stock forecast?
The 12-month OGS stock forecast based on 14 Wall Street analysts shows a consensus price target of $89.6, with estimates ranging from $83 (bear case) to $99 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $89, with bear/bull scenarios of $41/$121.
What is OGS's fair value based on fundamentals?
Our quantitative valuation model calculates OGS's fair value at $89 (base case), with a bear case of $41 and bull case of $121. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 49/100.
What is OGS's forward P/E ratio?
OGS trades at a forward P/E ratio of 17.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 19.7x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy OGS stock?
OGS appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $89.6 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do OGS price targets vary so much?
OGS analyst price targets range from $83 to $99, a 18% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $89.6 consensus represents the middle ground. Our model's $41-$121 range provides an independent fundamental perspective.