ONE Gas Inc (NYSE:OGS) – Investment analysts at Seaport Global Securities boosted their FY2017 earnings estimates for shares of ONE Gas in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Levin now forecasts that the utilities provider will post earnings of $3.08 per share for the year, up from their previous forecast of $3.05.
ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.08. The company had revenue of $247.14 million for the quarter, compared to analysts’ expectations of $242.75 million. ONE Gas had a return on equity of 8.22% and a net margin of 10.42%. During the same period in the previous year, the business posted $0.24 earnings per share.
Several other analysts have also recently weighed in on the company. Zacks Investment Research cut ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Jefferies Group restated a “sell” rating and set a $63.00 price target on shares of ONE Gas in a report on Wednesday, December 20th. Morgan Stanley boosted their price target on ONE Gas from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Wednesday, December 13th. Finally, UBS Group cut ONE Gas from a “neutral” rating to a “sell” rating and boosted their price target for the stock from $71.00 to $72.00 in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $73.75.
Shares of ONE Gas (OGS) opened at $69.04 on Friday. The firm has a market capitalization of $3,616.82, a PE ratio of 23.09, a PEG ratio of 3.81 and a beta of 0.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 1.14. ONE Gas has a twelve month low of $62.81 and a twelve month high of $79.51.
Several large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its stake in shares of ONE Gas by 1,953.3% in the second quarter. D.A. Davidson & CO. now owns 2,505 shares of the utilities provider’s stock worth $174,000 after acquiring an additional 2,383 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of ONE Gas in the second quarter worth approximately $243,000. Shelton Capital Management acquired a new position in shares of ONE Gas in the second quarter worth approximately $272,000. M&T Bank Corp lifted its stake in shares of ONE Gas by 3.9% in the second quarter. M&T Bank Corp now owns 4,018 shares of the utilities provider’s stock worth $280,000 after acquiring an additional 150 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of ONE Gas in the fourth quarter worth approximately $285,000. Institutional investors own 72.76% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.46 per share. This is a boost from ONE Gas’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, February 22nd. ONE Gas’s payout ratio is 56.19%.
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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.
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