ONE Gas (NYSE:OGS) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $2.96-3.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.13.
Several research firms have commented on OGS. Morgan Stanley cut their target price on ONE Gas from $69.00 to $65.00 and set an underweight rating on the stock in a research note on Tuesday, February 13th. Wells Fargo & Co set a $69.00 target price on ONE Gas and gave the company a hold rating in a research note on Tuesday, February 13th. Jefferies Group restated a sell rating and issued a $63.00 target price on shares of ONE Gas in a research note on Wednesday, December 20th. Finally, Zacks Investment Research cut ONE Gas from a buy rating to a hold rating in a research note on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $70.80.
ONE Gas (NYSE:OGS) traded down $0.99 during midday trading on Wednesday, reaching $66.67. The company’s stock had a trading volume of 254,321 shares, compared to its average volume of 253,721. The company has a market cap of $3,563.50, a PE ratio of 22.63, a price-to-earnings-growth ratio of 3.77 and a beta of 0.03. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 0.73. ONE Gas has a 12-month low of $63.16 and a 12-month high of $79.51.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.76%. This is a boost from ONE Gas’s previous quarterly dividend of $0.42. ONE Gas’s dividend payout ratio is currently 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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