ONE Gas (OGS) Issues FY17 Earnings Guidance

ONE Gas (NYSE:OGS) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.06-3.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.03. ONE Gas also updated its FY18 guidance to $2.96-3.20 EPS.

Shares of ONE Gas (NYSE:OGS) opened at $69.79 on Thursday. ONE Gas has a twelve month low of $62.81 and a twelve month high of $79.51. The stock has a market capitalization of $3,606.37, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 3.76 and a beta of 0.11. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. ONE Gas had a return on equity of 8.22% and a net margin of 10.42%. The business had revenue of $247.14 million during the quarter, compared to the consensus estimate of $242.75 million. During the same quarter last year, the firm posted $0.24 EPS. equities research analysts expect that ONE Gas will post 3.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.46 per share. This is an increase from ONE Gas’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, February 22nd. This represents a $1.84 annualized dividend and a yield of 2.64%. ONE Gas’s dividend payout ratio (DPR) is currently 56.19%.

OGS has been the subject of several research reports. UBS Group downgraded ONE Gas from a neutral rating to a sell rating and raised their price target for the company from $71.00 to $72.00 in a report on Monday, October 2nd. Zacks Investment Research downgraded ONE Gas from a buy rating to a hold rating in a report on Wednesday, January 3rd. Jefferies Group reissued a sell rating and set a $63.00 target price on shares of ONE Gas in a report on Wednesday, December 20th. Finally, Morgan Stanley lifted their target price on ONE Gas from $72.00 to $75.00 and gave the stock an underweight rating in a report on Wednesday, December 13th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $73.75.

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ONE Gas Company Profile

ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.

Earnings History and Estimates for ONE Gas (NYSE:OGS)

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