Wall Street analysts forecast that ONE Gas, Inc. (NYSE:OGS) will report $0.27 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for ONE Gas’ earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.29. ONE Gas reported earnings per share of $0.24 in the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, October 30th.

According to Zacks, analysts expect that ONE Gas will report full year earnings of $2.99 per share for the current financial year, with EPS estimates ranging from $2.97 to $3.00. For the next fiscal year, analysts expect that the company will report earnings of $3.13 per share, with EPS estimates ranging from $3.06 to $3.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for ONE Gas.

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

OGS has been the topic of a number of recent analyst reports. Morgan Stanley lifted 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. UBS AG lowered ONE Gas from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $71.00 to $72.00 in a report on Monday. BidaskClub downgraded ONE Gas from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reissued a “sell” rating and issued a $62.00 target price on shares of ONE Gas in a research report on Sunday, September 10th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $67.50.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in ONE Gas by 7,323.6% during the first quarter. BlackRock Inc. now owns 5,499,707 shares of the utilities provider’s stock worth $371,780,000 after purchasing an additional 5,425,623 shares during the last quarter. William Blair Investment Management LLC bought a new stake in ONE Gas during the second quarter worth about $23,194,000. First Trust Advisors LP lifted its stake in ONE Gas by 612.0% during the second quarter. First Trust Advisors LP now owns 349,710 shares of the utilities provider’s stock worth $24,413,000 after purchasing an additional 300,592 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in ONE Gas by 41.6% during the second quarter. Goldman Sachs Group Inc. now owns 692,197 shares of the utilities provider’s stock worth $48,322,000 after purchasing an additional 203,201 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in ONE Gas by 13.1% during the second quarter. Northern Trust Corp now owns 1,289,191 shares of the utilities provider’s stock worth $89,998,000 after purchasing an additional 149,153 shares during the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

ONE Gas (NYSE:OGS) traded up 0.43% on Wednesday, hitting $74.02. The company had a trading volume of 215,808 shares. The stock has a market capitalization of $3.87 billion, a PE ratio of 25.79 and a beta of 0.10. ONE Gas has a one year low of $55.98 and a one year high of $76.06. The stock has a 50 day moving average of $74.67 and a 200-day moving average of $71.29.

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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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