ONE Gas (OGS) Releases FY17 Earnings Guidance

ONE Gas (NYSE:OGS) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.06-3.10 for the period, compared to the Thomson Reuters consensus estimate of $3.03. ONE Gas also updated its FY18 guidance to $2.96-3.20 EPS.

Shares of ONE Gas (OGS) traded up $0.08 during trading on Tuesday, hitting $68.99. The stock had a trading volume of 271,905 shares, compared to its average volume of 209,300. The firm has a market cap of $3,602.19, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 3.75 and a beta of 0.11. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. ONE Gas has a fifty-two week low of $61.97 and a fifty-two week high of $79.51.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.08. ONE Gas had a return on equity of 8.22% and a net margin of 10.42%. The firm had revenue of $247.14 million during the quarter, compared to analyst estimates of $242.75 million. During the same period in the previous year, the company earned $0.24 EPS. equities research analysts predict that ONE Gas will post 3.02 EPS for the current year.

Several research firms recently weighed in on OGS. Zacks Investment Research upgraded ONE Gas from a hold rating to a buy rating and set a $85.00 target price for the company in a report on Wednesday, November 8th. Morgan Stanley boosted their target price on ONE Gas from $72.00 to $75.00 and gave the stock an underweight rating in a report on Wednesday, December 13th. Jefferies Group restated a sell rating and issued a $63.00 target price on shares of ONE Gas in a report on Wednesday, December 20th. Finally, UBS Group lowered ONE Gas from a neutral rating to a sell rating and boosted their target price for the stock from $71.00 to $72.00 in a report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the stock. ONE Gas currently has an average rating of Hold and a consensus price target of $73.75.

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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.

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

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