Wall Street brokerages expect that ONE Gas Inc (NYSE:OGS) will announce earnings per share of $0.83 for the current quarter, Zacks reports. Two analysts have issued estimates for ONE Gas’ earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.79. ONE Gas posted earnings per share of $0.80 during the same quarter last year, which indicates a positive year-over-year growth rate of 3.7%. The company is expected to announce its next quarterly earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that ONE Gas will report full-year earnings of $3.02 per share for the current year, with EPS estimates ranging from $2.99 to $3.09. For the next fiscal year, analysts anticipate that the company will post earnings of $3.16 per share, with EPS estimates ranging from $3.09 to $3.29. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for ONE Gas.
ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.08. ONE Gas had a net margin of 10.42% and a return on equity of 8.22%. The firm had revenue of $247.14 million during the quarter, compared to the consensus estimate of $242.75 million. During the same period in the previous year, the firm posted $0.24 earnings per share.
Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Group reiterated a “sell” rating and issued a $63.00 target price on shares of ONE Gas in a research note on Wednesday, December 20th. UBS Group cut shares of ONE Gas from a “neutral” rating to a “sell” rating and boosted their target price for the company from $71.00 to $72.00 in a research note on Monday, October 2nd. Finally, Morgan Stanley boosted their target price on shares of ONE Gas from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Wednesday, December 13th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $73.75.
A number of institutional investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in ONE Gas by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,654 shares of the utilities provider’s stock worth $534,000 after buying an additional 23 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of ONE Gas by 1.3% in the 2nd quarter. Suntrust Banks Inc. now owns 6,241 shares of the utilities provider’s stock valued at $435,000 after purchasing an additional 81 shares in the last quarter. Amalgamated Bank boosted its stake in shares of ONE Gas by 1.4% in the 2nd quarter. Amalgamated Bank now owns 7,428 shares of the utilities provider’s stock valued at $519,000 after purchasing an additional 102 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of ONE Gas by 6.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the utilities provider’s stock valued at $172,000 after purchasing an additional 139 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in shares of ONE Gas by 3.9% in the 2nd quarter. M&T Bank Corp now owns 4,018 shares of the utilities provider’s stock valued at $280,000 after purchasing an additional 150 shares in the last quarter. 72.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of ONE Gas (NYSE OGS) traded down $0.58 during midday trading on Thursday, hitting $71.69. 195,500 shares of the stock were exchanged, compared to its average volume of 180,650. The firm has a market capitalization of $3,777.83, a PE ratio of 23.98, a P/E/G ratio of 3.94 and a beta of 0.11. ONE Gas has a 52-week low of $61.42 and a 52-week high of $79.51. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 0.73.
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ONE Gas Company Profile
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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