Analysts expect ONE Gas Inc (NYSE:OGS) to post earnings of $0.28 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for ONE Gas’ earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.25. ONE Gas posted earnings of $0.36 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 22.2%. The business is expected to report its next quarterly earnings report after the market closes on Monday, October 29th.
According to Zacks, analysts expect that ONE Gas will report full year earnings of $3.25 per share for the current fiscal year, with EPS estimates ranging from $3.14 to $3.36. For the next financial year, analysts forecast that the company will report earnings of $3.38 per share, with EPS estimates ranging from $3.27 to $3.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow ONE Gas.
ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, July 30th. The utilities provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. ONE Gas had a net margin of 10.80% and a return on equity of 8.85%. The business had revenue of $292.52 million for the quarter, compared to analysts’ expectations of $275.30 million. During the same period last year, the business earned $0.39 earnings per share.
OGS has been the topic of a number of recent research reports. Jefferies Financial Group reiterated a “$75.39” rating and set a $67.00 price target on shares of ONE Gas in a research report on Wednesday, July 18th. ValuEngine upgraded shares of ONE Gas from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Friday, June 22nd. Wells Fargo & Co increased their price target on shares of ONE Gas from $78.00 to $84.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. Finally, Morgan Stanley set a $76.00 price target on shares of ONE Gas and gave the company a “sell” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. ONE Gas has an average rating of “Hold” and a consensus price target of $77.50.
NYSE OGS traded down $1.23 on Friday, reaching $80.00. 233,515 shares of the company’s stock traded hands, compared to its average volume of 234,444. ONE Gas has a 12 month low of $62.20 and a 12 month high of $85.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.47 and a quick ratio of 0.36. The stock has a market capitalization of $4.32 billion, a P/E ratio of 27.12, a PEG ratio of 4.44 and a beta of 0.17.
In related news, Director Arcilia Acosta acquired 1,265 shares of the company’s stock in a transaction dated Thursday, August 30th. The stock was purchased at an average price of $78.94 per share, with a total value of $99,859.10. Following the completion of the purchase, the director now owns 2,277 shares in the company, valued at approximately $179,746.38. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.62% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new stake in shares of ONE Gas during the second quarter valued at approximately $972,000. Janney Montgomery Scott LLC purchased a new stake in shares of ONE Gas during the second quarter valued at approximately $245,000. Zacks Investment Management boosted its stake in shares of ONE Gas by 3.3% during the second quarter. Zacks Investment Management now owns 29,905 shares of the utilities provider’s stock valued at $2,235,000 after purchasing an additional 955 shares during the period. Carillon Tower Advisers Inc. boosted its stake in shares of ONE Gas by 65.9% during the second quarter. Carillon Tower Advisers Inc. now owns 266,506 shares of the utilities provider’s stock valued at $19,919,000 after purchasing an additional 105,825 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of ONE Gas during the second quarter valued at approximately $3,191,000. 74.24% of the stock is owned by hedge funds and other institutional investors.
About ONE Gas
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.
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