Zacks Research Estimates ONE Gas’ FY2024 Earnings (NYSE:OGS)

ONE Gas, Inc. (NYSE:OGS) – Research analysts at Zacks Research upped their FY2024 EPS estimates for shares of ONE Gas in a report released on Monday, November 25th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $3.86 for the year, up from their previous estimate of $3.84. The consensus estimate for ONE Gas’ current full-year earnings is $3.88 per share. Zacks Research also issued estimates for ONE Gas’ Q1 2025 earnings at $1.82 EPS, Q4 2025 earnings at $1.31 EPS, Q1 2026 earnings at $1.87 EPS, Q2 2026 earnings at $0.64 EPS and Q3 2026 earnings at $0.60 EPS.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS.

A number of other brokerages also recently weighed in on OGS. Morgan Stanley increased their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company cut their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.10.

ONE Gas Stock Up 0.8 %

Shares of NYSE OGS opened at $77.59 on Thursday. The firm has a market capitalization of $4.40 billion, a PE ratio of 20.21 and a beta of 0.67. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. ONE Gas has a 1 year low of $55.50 and a 1 year high of $78.89. The firm’s 50-day moving average is $73.85 and its 200-day moving average is $68.46.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, November 19th. ONE Gas’s payout ratio is currently 68.75%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its stake in ONE Gas by 55.2% in the first quarter. Janus Henderson Group PLC now owns 287,006 shares of the utilities provider’s stock valued at $18,520,000 after buying an additional 102,092 shares in the last quarter. Jane Street Group LLC lifted its stake in ONE Gas by 283.6% in the first quarter. Jane Street Group LLC now owns 193,232 shares of the utilities provider’s stock valued at $12,469,000 after buying an additional 142,865 shares in the last quarter. Boston Partners bought a new position in ONE Gas in the first quarter valued at approximately $708,000. Pathstone Holdings LLC lifted its stake in ONE Gas by 113.5% in the third quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock valued at $1,688,000 after buying an additional 12,060 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in ONE Gas by 19.2% in the second quarter. Panagora Asset Management Inc. now owns 313,816 shares of the utilities provider’s stock valued at $20,037,000 after buying an additional 50,515 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.