ONE Gas Inc (OGS) to Post Q4 2017 Earnings of $0.89 Per Share, Seaport Global Securities Forecasts

ONE Gas Inc (NYSE:OGS) – Stock analysts at Seaport Global Securities boosted their Q4 2017 earnings per share estimates for shares of ONE Gas in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Levin now forecasts that the utilities provider will post earnings per share of $0.89 for the quarter, up from their prior forecast of $0.86. Seaport Global Securities also issued estimates for ONE Gas’ FY2018 earnings at $3.08 EPS and FY2019 earnings at $3.22 EPS.

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

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

Shares of ONE Gas (NYSE OGS) opened at $69.04 on Monday. ONE Gas has a 12-month low of $62.81 and a 12-month high of $79.51. The company has a market capitalization of $3,609.00, a PE ratio of 23.09, a P/E/G ratio of 3.81 and a beta of 0.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 0.73.

A number of institutional investors and hedge funds have recently modified their holdings of OGS. Goldman Sachs Group Inc. increased its holdings in ONE Gas by 41.6% during the 2nd 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 in the last quarter. Duff & Phelps Investment Management Co. increased its holdings in ONE Gas by 58.5% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 540,405 shares of the utilities provider’s stock worth $39,795,000 after purchasing an additional 199,475 shares in the last quarter. Northern Trust Corp increased its holdings in ONE Gas by 13.1% during the 2nd 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 in the last quarter. Ameriprise Financial Inc. increased its holdings in ONE Gas by 27.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 466,754 shares of the utilities provider’s stock worth $32,585,000 after purchasing an additional 101,420 shares in the last quarter. Finally, State Street Corp increased its holdings in ONE Gas by 5.1% during the 2nd quarter. State Street Corp now owns 1,824,509 shares of the utilities provider’s stock worth $127,367,000 after purchasing an additional 88,740 shares in the last quarter. 72.76% of the stock is owned by hedge funds and other institutional investors.

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