ONE Gas Inc (NYSE:OGS) declared a quarterly dividend on Monday, October 28th, Zacks reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of 0.50 per share by the utilities provider on Monday, December 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Friday, November 8th.
Shares of NYSE:OGS traded up $0.06 during trading on Wednesday, reaching $88.86. The company had a trading volume of 4,078 shares, compared to its average volume of 167,751. The company has a fifty day moving average of $94.20 and a two-hundred day moving average of $90.89. The stock has a market capitalization of $4.87 billion, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 4.30 and a beta of 0.26. ONE Gas has a 12 month low of $75.51 and a 12 month high of $96.66. The company has a current ratio of 0.57, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.
ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, October 28th. The utilities provider reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). ONE Gas had a return on equity of 8.63% and a net margin of 10.83%. The company had revenue of $248.56 million during the quarter, compared to the consensus estimate of $254.15 million. During the same period in the previous year, the company earned $0.31 EPS. As a group, equities research analysts predict that ONE Gas will post 3.5 earnings per share for the current year.
Several equities analysts recently commented on OGS shares. ValuEngine lowered shares of ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group raised shares of ONE Gas from a “sell” rating to a “neutral” rating and set a $90.00 target price on the stock in a report on Tuesday, September 10th. Morgan Stanley set a $82.00 target price on shares of ONE Gas and gave the company a “sell” rating in a report on Friday, August 16th. Finally, Mizuho started coverage on shares of ONE Gas in a report on Wednesday, October 16th. They set a “neutral” rating and a $96.00 target price on the stock. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $89.33.
In other ONE Gas news, insider Jeffrey J. Husen sold 300 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $89.64, for a total value of $26,892.00. Following the sale, the insider now owns 1,787 shares of the company’s stock, valued at approximately $160,186.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.76% of the stock is currently owned by company insiders.
About ONE Gas
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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