OGS
ONE Gas, Inc. Utilities - Utilities - Regulated Gas Investor Relations →
ONE Gas, Inc. (OGS) closed at $82.49 as of 2026-02-02, trading 19.2% above its 200-week moving average of $69.20. The stock moved further from the line this week, up from 15.0% last week. The 14-week RSI sits at 56, indicating neutral momentum.
Over the past 581 weeks of data, OGS has crossed below its 200-week moving average 13 times. On average, these episodes lasted 9 weeks. Historically, investors who bought OGS at the start of these episodes saw an average one-year return of +3.0%.
With a market cap of $4.9 billion, OGS is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 8.5%. The stock trades at 1.6x book value.
Share count has increased 11.6% over three years, indicating dilution.
Over the past 11.2 years, a hypothetical investment of $100 in OGS would have grown to $272, compared to $407 for the S&P 500. OGS has returned 9.3% annualized vs 13.3% for the index, underperforming the broader market over this period.
Free cash flow has been declining. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: OGS vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After OGS Crosses Below the Line?
Across 13 historical episodes, buying OGS when it crossed below its 200-week moving average produced an average return of +1.3% after 12 months (median +0.0%), compared to +23.9% for the S&P 500 over the same periods. 46% of those episodes were profitable after one year. After 24 months, the average return was +10.8% vs +38.8% for the index.
Each line shows $100 invested at the moment OGS crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
OGS has crossed below its 200-week MA 13 times with an average 1-year return of +3.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 2020 | Mar 2020 | 1 | 7.3% | +13.2% | +47.5% |
| Jun 2020 | Jun 2020 | 1 | 1.2% | +5.8% | +35.4% |
| Aug 2020 | Nov 2020 | 11 | 10.0% | -0.5% | +32.9% |
| Jan 2021 | Mar 2021 | 12 | 11.3% | +12.3% | +35.2% |
| May 2021 | Dec 2021 | 31 | 15.5% | +15.7% | +28.4% |
| Feb 2022 | Feb 2022 | 1 | 0.7% | +11.6% | +26.2% |
| Sep 2022 | Oct 2022 | 4 | 7.8% | +0.2% | +32.0% |
| Nov 2022 | Jan 2023 | 5 | 4.0% | -15.0% | +26.5% |
| Mar 2023 | Mar 2023 | 1 | 1.3% | -11.7% | +23.0% |
| Jul 2023 | Jul 2023 | 1 | 0.5% | -12.1% | +22.2% |
| Aug 2023 | Sep 2023 | 1 | 0.6% | -1.8% | +22.8% |
| Sep 2023 | Sep 2024 | 51 | 18.0% | +4.5% | +22.5% |
| Jan 2025 | Jan 2025 | 1 | 1.1% | +17.4% | +25.8% |
| Average | 9 | — | +3.0% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02