Analysts Expect ONE Gas, Inc. (OGS) Will Announce Earnings of $0.28 Per Share
Wall Street brokerages predict that ONE Gas, Inc. (NYSE:OGS) will post earnings of $0.28 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ONE Gas’ earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.26. ONE Gas posted earnings of $0.24 per share during the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The firm is scheduled to issue its next earnings results after the market closes on Monday, October 30th.
On average, 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 financial year, analysts expect that the firm will post earnings of $3.13 per share, with EPS estimates ranging from $3.08 to $3.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover ONE Gas.
ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The firm had revenue of $279.69 million for the quarter, compared to the consensus estimate of $257.87 million. During the same period last year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis.
OGS has been the subject of several recent research reports. Zacks Investment Research lowered ONE Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Jefferies Group LLC reiterated a “sell” rating and issued a $62.00 price target on shares of ONE Gas in a research report on Sunday, September 10th. BidaskClub upgraded ONE Gas from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Morgan Stanley lifted their price target on ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research report on Thursday, August 10th. Finally, 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 research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $67.50.
A number of hedge funds and other institutional investors have recently made changes to their positions in OGS. BlackRock Inc. lifted its stake in ONE Gas by 7,323.6% in 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 in the second quarter worth about $23,194,000. First Trust Advisors LP lifted its stake in ONE Gas by 612.0% in 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% in 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% in 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. 73.10% of the stock is owned by institutional investors and hedge funds.
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Shares of ONE Gas (NYSE OGS) traded down 0.08% during midday trading on Monday, reaching $75.10. The company’s stock had a trading volume of 47,277 shares. The company’s 50-day moving average price is $74.66 and its 200-day moving average price is $71.90. ONE Gas has a 12 month low of $56.64 and a 12 month high of $76.06. The company has a market cap of $3.93 billion, a PE ratio of 26.17 and a beta of 0.10.
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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