ONE Gas (NYSE:OGS) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

ONE Gas (NYSE:OGS) announced its quarterly earnings data on Monday. The utilities provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06, FiscalAI reports. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%. The firm had revenue of $391.31 million for the quarter, compared to the consensus estimate of $398.23 million.

ONE Gas Trading Up 1.7%

Shares of ONE Gas stock traded up $1.34 during mid-day trading on Monday, hitting $79.88. The stock had a trading volume of 656,914 shares, compared to its average volume of 556,527. The firm has a 50-day moving average of $76.20 and a two-hundred day moving average of $80.81. ONE Gas has a 12-month low of $70.37 and a 12-month high of $90.78. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The firm has a market cap of $5.02 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 2.07 and a beta of 0.64.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a $0.68 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. ONE Gas’s dividend payout ratio is 58.62%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Morgan Stanley lowered their price objective on ONE Gas from $79.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 21st. Scotiabank assumed coverage on ONE Gas in a research note on Tuesday, September 29th. They issued a “sector outperform” rating and a $86.00 target price for the company. LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 target price for the company in a research note on Thursday, August 13th. Weiss Ratings upgraded ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Finally, Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a report on Sunday. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.46.

About ONE Gas