Analysts predict that ONE Gas Inc (NYSE:OGS) will report earnings per share of $0.27 for the current quarter, Zacks reports. Two analysts have made estimates for ONE Gas’ earnings. The highest EPS estimate is $0.31 and the lowest is $0.23. ONE Gas posted earnings of $0.36 per share in the same quarter last year, which would suggest a negative year over year growth rate of 25%. The business is expected to issue its next quarterly earnings results on Monday, October 29th.
On average, analysts expect that ONE Gas will report full year earnings of $3.23 per share for the current fiscal year, with EPS estimates ranging from $3.12 to $3.36. For the next fiscal year, analysts forecast that the firm will post earnings of $3.38 per share, with EPS estimates ranging from $3.26 to $3.50. Zacks Investment Research’s 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 released its earnings results on Monday, July 30th. The utilities provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. ONE Gas had a return on equity of 8.85% and a net margin of 10.80%. The firm had revenue of $292.52 million during the quarter, compared to analysts’ expectations of $275.30 million. During the same period in the prior year, the company earned $0.39 earnings per share.
Several brokerages have recently issued reports on OGS. Jefferies Financial Group reiterated a “$75.39” rating and set a $67.00 price target on shares of ONE Gas in a report on Wednesday, July 18th. Morgan Stanley upped their price target on shares of ONE Gas from $70.00 to $76.00 and gave the stock an “underweight” rating in a report on Monday, July 16th. Finally, Zacks Investment Research downgraded shares of ONE Gas from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. 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. ONE Gas presently has an average rating of “Hold” and a consensus target price of $73.40.
Shares of NYSE:OGS traded down $0.29 during trading on Wednesday, hitting $79.58. 263,863 shares of the company were exchanged, compared to its average volume of 190,629. The company has a market capitalization of $4.20 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 4.32 and a beta of 0.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.36 and a current ratio of 0.47. ONE Gas has a 1-year low of $62.20 and a 1-year high of $80.69.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Monday, August 13th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, August 10th. This represents a $1.84 annualized dividend and a dividend yield of 2.31%. ONE Gas’s dividend payout ratio (DPR) is presently 62.37%.
In related news, Director Michael G. Hutchinson purchased 700 shares of the stock in a transaction dated Friday, May 25th. The stock was bought at an average cost of $73.10 per share, for a total transaction of $51,170.00. Following the completion of the acquisition, the director now owns 8,630 shares of the company’s stock, valued at $630,853. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.62% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. BlueMountain Capital Management LLC increased its holdings in shares of ONE Gas by 8.2% during the second quarter. BlueMountain Capital Management LLC now owns 9,414 shares of the utilities provider’s stock worth $704,000 after buying an additional 711 shares in the last quarter. Aperio Group LLC increased its holdings in shares of ONE Gas by 1.1% during the second quarter. Aperio Group LLC now owns 64,751 shares of the utilities provider’s stock worth $4,839,000 after buying an additional 730 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in ONE Gas by 2.4% in the first quarter. Great West Life Assurance Co. Can now owns 31,606 shares of the utilities provider’s stock valued at $2,087,000 after purchasing an additional 743 shares during the period. Flinton Capital Management LLC increased its holdings in ONE Gas by 10.4% in the first quarter. Flinton Capital Management LLC now owns 8,330 shares of the utilities provider’s stock valued at $550,000 after purchasing an additional 782 shares during the period. Finally, Riverhead Capital Management LLC increased its holdings in ONE Gas by 10.7% in the first quarter. Riverhead Capital Management LLC now owns 8,270 shares of the utilities provider’s stock valued at $546,000 after purchasing an additional 800 shares during the period. Institutional investors own 74.78% of the company’s stock.
ONE Gas Company Profile
ONE Gas, Inc 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 serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
Recommended Story: Tariff
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.