Equities analysts predict that ONE Gas Inc (NYSE:OGS) will announce earnings per share (EPS) of $0.34 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for ONE Gas’ earnings, with estimates ranging from $0.30 to $0.38. ONE Gas reported earnings of $0.39 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 12.8%. The firm is scheduled to issue its next quarterly earnings report on Monday, July 30th.
On average, analysts expect that ONE Gas will report full year earnings of $3.13 per share for the current financial year, with EPS estimates ranging from $3.08 to $3.20. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.29 per share, with EPS estimates ranging from $3.23 to $3.32. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for ONE Gas.
ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, April 30th. The utilities provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.48 by $0.24. ONE Gas had a return on equity of 8.96% and a net margin of 10.90%. The business had revenue of $638.46 million during the quarter, compared to analyst estimates of $562.60 million. During the same period last year, the business posted $1.44 earnings per share.
A number of research analysts recently issued reports on OGS shares. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Friday, June 22nd. Jefferies Financial Group upgraded ONE Gas from an “underperform” rating to a “hold” rating in a report on Wednesday, April 25th. Bank of America reiterated an “underperform” rating on shares of ONE Gas in a report on Tuesday, February 27th. Finally, Morgan Stanley decreased their target price on ONE Gas from $73.00 to $70.00 and set an “underweight” rating for the company in a report on Wednesday, June 13th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. ONE Gas presently has an average rating of “Hold” and a consensus target price of $71.40.
ONE Gas opened at $75.25 on Friday, according to Marketbeat.com. ONE Gas has a 52 week low of $62.20 and a 52 week high of $79.51. The firm has a market cap of $3.94 billion, a PE ratio of 25.51, a PEG ratio of 4.22 and a beta of 0.17. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 0.44.
The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Monday, May 14th were issued a $0.46 dividend. The ex-dividend date was Friday, May 11th. This represents a $1.84 dividend on an annualized basis and a yield of 2.45%. ONE Gas’s dividend payout ratio (DPR) is presently 62.37%.
In related news, Director Michael G. Hutchinson bought 700 shares of the firm’s stock in a transaction that occurred on Friday, May 25th. The stock was purchased at an average cost of $73.10 per share, for a total transaction of $51,170.00. Following the completion of the acquisition, the director now owns 8,630 shares in the company, valued at approximately $630,853. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.62% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in ONE Gas by 3.5% during the 1st quarter. BlackRock Inc. now owns 5,873,860 shares of the utilities provider’s stock worth $387,794,000 after buying an additional 201,349 shares during the last quarter. American Century Companies Inc. lifted its holdings in ONE Gas by 11.8% during the 1st quarter. American Century Companies Inc. now owns 3,850,380 shares of the utilities provider’s stock worth $254,202,000 after buying an additional 407,643 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in ONE Gas by 0.4% during the 1st quarter. Victory Capital Management Inc. now owns 877,907 shares of the utilities provider’s stock worth $57,959,000 after buying an additional 3,658 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in ONE Gas by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 828,236 shares of the utilities provider’s stock worth $54,680,000 after buying an additional 39,326 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its holdings in ONE Gas by 25.5% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 645,045 shares of the utilities provider’s stock worth $42,586,000 after buying an additional 131,084 shares during the last quarter. 74.13% of the stock is owned by institutional investors.
ONE Gas Company Profile
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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