ONE Gas (NYSE:OGS – Get Free Report) announced its quarterly earnings results on Monday. The utilities provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05, FiscalAI reports. The company had revenue of $391.31 million during the quarter, compared to analyst estimates of $398.23 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 earnings per share.
ONE Gas Price Performance
Shares of OGS opened at $79.88 on Tuesday. The company has a 50 day moving average price of $76.22 and a 200-day moving average price of $80.82. ONE Gas has a fifty-two week low of $70.37 and a fifty-two week high of $90.78. The stock has a market capitalization of $5.02 billion, a PE ratio of 17.22, a PEG ratio of 2.04 and a beta of 0.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48.
ONE Gas Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Monday, November 16th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, November 16th. ONE Gas’s dividend payout ratio is presently 58.62%.
Wall Street Analysts Forecast Growth
OGS has been the subject of a number of analyst reports. Jefferies Financial Group downgraded shares of ONE Gas from a “buy” rating to a “hold” rating and lowered their price target for the company from $103.00 to $80.00 in a report on Wednesday, October 7th. BTIG Research set a $89.00 price objective on shares of ONE Gas in a research report on Tuesday, October 20th. Scotiabank started coverage on shares of ONE Gas in a research report on Tuesday, September 29th. They set a “sector outperform” rating and a $86.00 price objective on the stock. Truist Financial reduced their price target on ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Finally, Weiss Ratings raised shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, ONE Gas has a consensus rating of “Moderate Buy” and an average price target of $86.46.
View Our Latest Analysis on OGS
ONE Gas Company Profile
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