ONE Gas, Inc. to Post Q2 2024 Earnings of $0.54 Per Share, Zacks Research Forecasts (NYSE:OGS)

ONE Gas, Inc. (NYSE:OGS) – Equities research analysts at Zacks Research lowered their Q2 2024 earnings per share (EPS) estimates for ONE Gas in a research note issued to investors on Friday, April 26th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings of $0.54 per share for the quarter, down from their previous forecast of $0.59. The consensus estimate for ONE Gas’ current full-year earnings is $3.86 per share. Zacks Research also issued estimates for ONE Gas’ Q4 2024 earnings at $1.18 EPS, FY2024 earnings at $3.85 EPS, Q1 2025 earnings at $1.89 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $1.13 EPS, FY2025 earnings at $4.13 EPS, Q1 2026 earnings at $1.98 EPS and FY2026 earnings at $4.53 EPS.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share for the quarter, hitting the consensus estimate of $1.27. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The business had revenue of $605.90 million for the quarter, compared to analysts’ expectations of $751.77 million. During the same quarter in the previous year, the firm earned $1.23 earnings per share. The business’s revenue was down 26.0% on a year-over-year basis.

OGS has been the topic of several other research reports. UBS Group assumed coverage on ONE Gas in a research report on Friday, April 12th. They issued a “sell” rating and a $61.00 price objective on the stock. Morgan Stanley boosted their target price on ONE Gas from $57.00 to $58.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Mizuho boosted their target price on ONE Gas from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Wells Fargo & Company boosted their target price on ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Finally, LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price on the stock in a research note on Tuesday, March 5th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $64.56.

ONE Gas Stock Down 0.9 %

OGS stock opened at $63.95 on Monday. The stock’s fifty day simple moving average is $62.33 and its two-hundred day simple moving average is $62.15. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 0.78. ONE Gas has a 1-year low of $55.50 and a 1-year high of $83.89. The stock has a market cap of $3.62 billion, a P/E ratio of 15.45, a P/E/G ratio of 3.32 and a beta of 0.65.

Institutional Trading of ONE Gas

A number of hedge funds and other institutional investors have recently made changes to their positions in OGS. Albert D Mason Inc. increased its stake in ONE Gas by 1.9% in the 1st quarter. Albert D Mason Inc. now owns 22,434 shares of the utilities provider’s stock worth $1,448,000 after acquiring an additional 429 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in ONE Gas by 2.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the utilities provider’s stock worth $1,032,000 after acquiring an additional 400 shares during the last quarter. Fifth Third Bancorp increased its stake in ONE Gas by 66.3% in the 1st quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 169 shares during the last quarter. QV Investors Inc. bought a new position in ONE Gas in the 1st quarter worth about $858,000. Finally, IFM Investors Pty Ltd bought a new position in ONE Gas in the 1st quarter worth about $493,000. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.