$0.84 Earnings Per Share Expected for ONE Gas Inc (OGS) This Quarter

Equities analysts forecast that ONE Gas Inc (NYSE:OGS) will report $0.84 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for ONE Gas’ earnings, with estimates ranging from $0.79 to $0.89. ONE Gas posted earnings per share of $0.80 during the same quarter last year, which would indicate a positive year over year growth rate of 5%. The firm is expected to issue its next earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that ONE Gas will report full year earnings of $3.05 per share for the current financial year, with EPS estimates ranging from $2.98 to $3.10. For the next fiscal year, analysts anticipate that the business will post earnings of $3.14 per share, with EPS estimates ranging from $3.08 to $3.29. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover ONE Gas.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.08. ONE Gas had a net margin of 10.42% and a return on equity of 8.22%. The business had revenue of $247.14 million for the quarter, compared to analysts’ expectations of $242.75 million. During the same period in the prior year, the company posted $0.24 EPS.

Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Wednesday, November 8th. Morgan Stanley increased their target price on shares of ONE Gas from $72.00 to $75.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 13th. Jefferies Group reiterated a “sell” rating and issued a $63.00 target price on shares of ONE Gas in a research note on Wednesday, December 20th. Finally, UBS Group cut shares of ONE Gas from a “neutral” rating to a “sell” rating and increased their target price for the stock from $71.00 to $72.00 in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company’s stock. ONE Gas has a consensus rating of “Hold” and a consensus price target of $73.75.

ONE Gas (OGS) traded down $0.15 during midday trading on Friday, reaching $69.04. 201,244 shares of the company’s stock traded hands, compared to its average volume of 184,696. ONE Gas has a fifty-two week low of $62.81 and a fifty-two week high of $79.51. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.62. The stock has a market cap of $3,609.00, a PE ratio of 23.09, a PEG ratio of 3.81 and a beta of 0.11.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This is a boost from ONE Gas’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.67%. ONE Gas’s dividend payout ratio is currently 56.19%.

Several large investors have recently modified their holdings of OGS. Wells Fargo & Company MN increased its holdings in shares of ONE Gas by 15.9% in the 2nd quarter. Wells Fargo & Company MN now owns 75,562 shares of the utilities provider’s stock worth $5,276,000 after buying an additional 10,363 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of ONE Gas by 6.9% in the 2nd quarter. Alliancebernstein L.P. now owns 124,840 shares of the utilities provider’s stock worth $8,715,000 after buying an additional 8,060 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of ONE Gas by 73.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,695 shares of the utilities provider’s stock worth $328,000 after buying an additional 1,995 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of ONE Gas by 27.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 466,754 shares of the utilities provider’s stock worth $32,585,000 after buying an additional 101,420 shares during the last quarter. Finally, Nationwide Fund Advisors increased its holdings in shares of ONE Gas by 3.7% in the 2nd quarter. Nationwide Fund Advisors now owns 143,321 shares of the utilities provider’s stock worth $10,005,000 after buying an additional 5,149 shares during the last quarter. 72.76% of the stock is currently owned by hedge funds and other institutional investors.

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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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