Analysts expect that ONE Gas (NYSE:OGS) will report $0.34 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for ONE Gas’ earnings. The highest EPS estimate is $0.38 and the lowest is $0.30. ONE Gas posted earnings per share of $0.39 during the same quarter last year, which indicates a negative year over year growth rate of 12.8%. The company is scheduled to issue its next earnings results on Monday, July 30th.
According to Zacks, analysts expect that ONE Gas will report full-year earnings of $3.12 per share for the current fiscal year, with EPS estimates ranging from $3.08 to $3.20. For the next financial year, analysts anticipate that the business will report earnings of $3.29 per share, with EPS estimates ranging from $3.26 to $3.32. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for ONE Gas.
ONE Gas (NYSE:OGS) last issued its 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 net margin of 10.90% and a return on equity of 8.96%. The company had revenue of $638.46 million for the quarter, compared to the consensus estimate of $562.60 million. During the same period in the previous year, the firm earned $1.44 earnings per share.
A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, April 25th. Jefferies Group raised shares of ONE Gas from an “underperform” rating to a “hold” rating in a research report on Wednesday, April 25th. Morgan Stanley reduced their price objective on shares of ONE Gas from $69.00 to $65.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 13th. Wells Fargo set a $69.00 price objective on shares of ONE Gas and gave the company a “hold” rating in a research report on Tuesday, February 13th. Finally, Bank of America reissued an “underperform” rating on shares of ONE Gas in a research report on Tuesday, February 27th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $71.60.
Shares of NYSE OGS traded up $0.19 during mid-day trading on Friday, hitting $70.80. The stock had a trading volume of 176,367 shares, compared to its average volume of 216,697. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 0.44. ONE Gas has a 1 year low of $62.20 and a 1 year high of $79.51. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 3.98 and a beta of 0.14.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 14th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Friday, May 11th. ONE Gas’s payout ratio is currently 62.37%.
A number of institutional investors have recently modified their holdings of OGS. Schwab Charles Investment Management Inc. increased its position in ONE Gas by 6.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 357,940 shares of the utilities provider’s stock valued at $26,223,000 after purchasing an additional 21,585 shares during the period. SG Americas Securities LLC grew its position in shares of ONE Gas by 61.6% in the 4th quarter. SG Americas Securities LLC now owns 31,695 shares of the utilities provider’s stock worth $2,322,000 after buying an additional 12,080 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of ONE Gas in the 4th quarter worth about $6,877,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of ONE Gas in the 4th quarter worth about $4,797,000. Finally, Chicago Equity Partners LLC grew its position in shares of ONE Gas by 26.8% in the 4th quarter. Chicago Equity Partners LLC now owns 77,150 shares of the utilities provider’s stock worth $5,652,000 after buying an additional 16,320 shares during the period. 75.38% of the stock is currently owned by institutional investors and hedge funds.
ONE Gas Company Profile
ONE Gas, Inc engages in the provision of natural gas distribution services. It also offers natural gas to residential, commercial, industrial, and transportation customers. The company was founded in 1906 and is headquartered in Tulsa, OK.
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