Wall Street analysts forecast that ONE Gas, Inc. (NYSE:OGS) will announce sales of $242.75 million for the current quarter, according to Zacks. Two analysts have provided estimates for ONE Gas’ earnings, with estimates ranging from $237.20 million to $248.30 million. ONE Gas posted sales of $232.19 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.5%. The firm is scheduled to issue its next quarterly earnings results on Monday, October 30th.

On average, analysts expect that ONE Gas will report full-year sales of $242.75 million for the current fiscal year, with estimates ranging from $1.47 billion to $1.52 billion. For the next financial year, analysts expect that the firm will post sales of $1.54 billion per share, with estimates ranging from $1.50 billion to $1.57 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow ONE Gas.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. The firm had revenue of $279.69 million during the quarter, compared to the consensus estimate of $257.87 million. During the same period in the prior year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year.

Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Group LLC reissued a “sell” rating and issued a $62.00 price target on shares of ONE Gas in a report on Sunday, September 10th. BidaskClub raised ONE Gas from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Finally, Morgan Stanley raised their price target on ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company. ONE Gas has a consensus rating of “Hold” and a consensus price target of $66.17.

Several institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of ONE Gas by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,654 shares of the utilities provider’s stock worth $534,000 after purchasing an additional 23 shares during the period. World Asset Management Inc lifted its holdings in shares of ONE Gas by 0.8% during the first quarter. World Asset Management Inc now owns 3,206 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 25 shares during the period. US Bancorp DE lifted its holdings in shares of ONE Gas by 0.4% during the second quarter. US Bancorp DE now owns 7,589 shares of the utilities provider’s stock worth $530,000 after purchasing an additional 28 shares during the period. Capstone Asset Management Co. lifted its holdings in shares of ONE Gas by 1.0% during the second quarter. Capstone Asset Management Co. now owns 4,152 shares of the utilities provider’s stock worth $290,000 after purchasing an additional 40 shares during the period. Finally, Suntrust Banks Inc. lifted its holdings in shares of ONE Gas by 1.3% during the second quarter. Suntrust Banks Inc. now owns 6,241 shares of the utilities provider’s stock worth $435,000 after purchasing an additional 81 shares during the period. 73.16% of the stock is owned by hedge funds and other institutional investors.

Shares of ONE Gas (NYSE OGS) opened at 75.31 on Friday. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 26.24 and a beta of 0.11. The stock has a 50 day moving average of $74.52 and a 200-day moving average of $70.42. ONE Gas has a 1-year low of $55.98 and a 1-year high of $76.06.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, August 10th. ONE Gas’s dividend payout ratio (DPR) is 58.54%.

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

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