$349.50 Million in Sales Expected for ONE Gas, Inc. (NYSE:OGS) This Quarter

Analysts expect ONE Gas, Inc. (NYSE:OGSGet Rating) to post $349.50 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for ONE Gas’ earnings. The lowest sales estimate is $331.09 million and the highest is $367.91 million. ONE Gas posted sales of $315.65 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.7%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that ONE Gas will report full year sales of $2.10 billion for the current year, with estimates ranging from $1.88 billion to $2.31 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.18 billion, with estimates ranging from $1.96 billion to $2.39 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover ONE Gas.

ONE Gas (NYSE:OGSGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The utilities provider reported $1.12 EPS for the quarter, hitting analysts’ consensus estimates of $1.12. ONE Gas had a return on equity of 8.90% and a net margin of 9.74%. The firm had revenue of $593.74 million during the quarter, compared to analysts’ expectations of $499.74 million. During the same quarter last year, the business posted $1.09 EPS. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year.

A number of brokerages have issued reports on OGS. Morgan Stanley raised their price target on ONE Gas from $82.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 20th. Bank of America raised ONE Gas from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Thursday, February 17th. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a research note on Monday, May 9th. Finally, Mizuho lowered ONE Gas from a “buy” rating to a “neutral” rating and set a $92.00 price target on the stock. in a research note on Friday, April 29th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.25.

In other news, Director Michael G. Hutchinson sold 750 shares of ONE Gas stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $86.12, for a total value of $64,590.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.38% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp raised its holdings in shares of ONE Gas by 4.5% during the 1st quarter. Mackenzie Financial Corp now owns 2,994 shares of the utilities provider’s stock valued at $264,000 after buying an additional 128 shares during the period. Fifth Third Bancorp raised its holdings in shares of ONE Gas by 48.8% during the 4th quarter. Fifth Third Bancorp now owns 421 shares of the utilities provider’s stock valued at $33,000 after buying an additional 138 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of ONE Gas by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 7,906 shares of the utilities provider’s stock valued at $613,000 after buying an additional 141 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of ONE Gas by 3.6% during the 4th quarter. Benjamin Edwards Inc. now owns 4,153 shares of the utilities provider’s stock valued at $322,000 after buying an additional 143 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in shares of ONE Gas by 1.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the utilities provider’s stock valued at $1,071,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 81.64% of the company’s stock.

NYSE:OGS traded up $0.18 during mid-day trading on Wednesday, reaching $84.90. The company’s stock had a trading volume of 242,629 shares, compared to its average volume of 277,771. The company’s fifty day simple moving average is $86.73 and its two-hundred day simple moving average is $78.67. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.96 and a quick ratio of 0.93. ONE Gas has a twelve month low of $62.52 and a twelve month high of $92.26. The stock has a market cap of $4.59 billion, a P/E ratio of 21.83, a P/E/G ratio of 4.14 and a beta of 0.52.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, May 13th. ONE Gas’s dividend payout ratio is currently 63.75%.

About ONE Gas (Get Rating)

ONE Gas, Inc, together with its subsidiaries, 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 provides natural gas distribution services to 2.2 million customers in three states.

Recommended Stories

Get a free copy of the Zacks research report on ONE Gas (OGS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.