ONE Gas, Inc. (OGS) Issues FY17 Earnings Guidance
ONE Gas, Inc. (NYSE:OGS) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $2.94-$3.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.00.
ONE Gas, Inc. (NYSE:OGS) traded down 1.09% during mid-day trading on Monday, reaching $75.60. 144,777 shares of the company were exchanged. The stock has a 50-day moving average price of $74.76 and a 200 day moving average price of $72.16. The company has a market capitalization of $3.95 billion, a PE ratio of 26.34 and a beta of 0.10. ONE Gas, Inc. has a one year low of $56.64 and a one year high of $76.59.
ONE Gas (NYSE:OGS) last posted its 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). The company had revenue of $279.69 million for the quarter, compared to the consensus estimate of $257.87 million. ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. ONE Gas’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS. Analysts predict that ONE Gas, Inc. will post $2.98 EPS for the current year.
Several research firms have issued reports on OGS. UBS AG cut shares of ONE Gas from a neutral rating to a sell rating and upped their target price for the company from $71.00 to $72.00 in a research note on Monday, October 2nd. Zacks Investment Research cut shares of ONE Gas from a buy rating to a hold rating in a research note on Wednesday, September 13th. Jefferies Group LLC restated a sell rating and set a $62.00 target price on shares of ONE Gas in a research note on Sunday, September 10th. BidaskClub upgraded shares of ONE Gas from a buy rating to a strong-buy rating in a research note on Saturday, August 26th. Finally, Morgan Stanley increased their price objective on shares of ONE Gas from $68.00 to $72.00 and gave the stock an underperform rating in a research note on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. ONE Gas currently has an average rating of Hold and a consensus target price of $67.50.
ILLEGAL ACTIVITY NOTICE: “ONE Gas, Inc. (OGS) Issues FY17 Earnings Guidance” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/10/30/one-gas-inc-ogs-issues-fy17-earnings-guidance.html.
About ONE Gas
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.
Receive News & Ratings for ONE Gas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas Inc. and related companies with MarketBeat.com's FREE daily email newsletter.