FY2017 Earnings Estimate for ONE Gas Inc Issued By Seaport Global Securities (OGS)

ONE Gas Inc (NYSE:OGS) – Seaport Global Securities raised their FY2017 EPS estimates for ONE Gas in a report issued on Thursday. Seaport Global Securities analyst M. Levin now expects that the utilities provider will post earnings per share of $3.08 for the year, up from their prior estimate of $3.05.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, October 30th. The utilities provider reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.08. The business had revenue of $247.14 million during the quarter, compared to analyst estimates of $242.75 million. ONE Gas had a net margin of 10.42% and a return on equity of 8.22%. During the same quarter in the previous year, the business posted $0.24 EPS.

A number of other analysts have also commented on OGS. UBS Group lowered shares of ONE Gas from a “neutral” rating to a “sell” rating and boosted their price target for the company from $71.00 to $72.00 in a research note on Monday, October 2nd. Zacks Investment Research raised shares of ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Wednesday, November 8th. Morgan Stanley lifted their price objective on shares of ONE Gas from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Wednesday, December 13th. Finally, Jefferies Group reaffirmed a “sell” rating and set a $63.00 price objective on shares of ONE Gas in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company’s stock. ONE Gas has a consensus rating of “Hold” and an average price target of $73.75.

Shares of ONE Gas (NYSE OGS) traded down $0.60 during mid-day trading on Friday, reaching $69.19. 281,200 shares of the company’s stock were exchanged, compared to its average volume of 228,692. The company has a market cap of $3,648.19, a price-to-earnings ratio of 23.14, a PEG ratio of 3.85 and a beta of 0.11. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.62. ONE Gas has a fifty-two week low of $62.81 and a fifty-two week high of $79.51.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its holdings in ONE Gas by 6.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 357,940 shares of the utilities provider’s stock worth $26,223,000 after acquiring an additional 21,585 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in ONE Gas during the 4th quarter worth $285,000. Sterling Capital Management LLC purchased a new position in ONE Gas during the 3rd quarter worth $341,000. California Public Employees Retirement System boosted its holdings in ONE Gas by 9.6% during the 3rd quarter. California Public Employees Retirement System now owns 124,021 shares of the utilities provider’s stock worth $9,133,000 after acquiring an additional 10,821 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in ONE Gas by 76.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 6,158 shares of the utilities provider’s stock worth $453,000 after acquiring an additional 2,670 shares during the last quarter. 72.76% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.66%. This is an increase from ONE Gas’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, February 22nd. ONE Gas’s payout ratio is currently 56.19%.

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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.

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

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