Equities research analysts predict that ONE Gas Inc (NYSE:OGS) will announce sales of $635.80 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for ONE Gas’ earnings, with estimates ranging from $605.00 million to $666.60 million. ONE Gas posted sales of $638.46 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.4%. The business is scheduled to issue its next quarterly earnings results on Monday, April 29th.
On average, analysts expect that ONE Gas will report full-year sales of $1.64 billion for the current financial year, with estimates ranging from $1.57 billion to $1.70 billion. For the next year, analysts forecast that the business will report sales of $1.70 billion, with estimates ranging from $1.61 billion to $1.77 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for ONE Gas.
ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.01). ONE Gas had a net margin of 10.54% and a return on equity of 8.50%. The business had revenue of $464.47 million during the quarter, compared to analyst estimates of $443.39 million. During the same period in the previous year, the business posted $0.89 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year.
OGS has been the topic of a number of analyst reports. UBS Group set a $78.00 price objective on shares of ONE Gas and gave the stock a “sell” rating in a report on Friday, December 14th. Morgan Stanley cut their price objective on shares of ONE Gas from $75.00 to $74.00 and set an “underweight” rating on the stock in a report on Tuesday, February 12th. Finally, Zacks Investment Research reaffirmed a “hold” rating on shares of ONE Gas in a report on Monday, December 31st. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. ONE Gas has a consensus rating of “Hold” and an average target price of $76.67.
Several large investors have recently modified their holdings of the stock. Magellan Asset Management Ltd boosted its holdings in shares of ONE Gas by 0.6% in the 4th quarter. Magellan Asset Management Ltd now owns 38,024 shares of the utilities provider’s stock worth $3,027,000 after buying an additional 212 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of ONE Gas by 7.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,115 shares of the utilities provider’s stock worth $248,000 after buying an additional 229 shares during the last quarter. Retirement Systems of Alabama raised its stake in ONE Gas by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 68,103 shares of the utilities provider’s stock valued at $5,421,000 after acquiring an additional 234 shares during the period. Advisors Asset Management Inc. raised its stake in ONE Gas by 2.3% in the 4th quarter. Advisors Asset Management Inc. now owns 11,022 shares of the utilities provider’s stock valued at $877,000 after acquiring an additional 250 shares during the period. Finally, ClariVest Asset Management LLC raised its stake in ONE Gas by 1.1% in the 4th quarter. ClariVest Asset Management LLC now owns 28,300 shares of the utilities provider’s stock valued at $2,253,000 after acquiring an additional 300 shares during the period. 75.60% of the stock is currently owned by institutional investors.
OGS opened at $88.81 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.62 and a debt-to-equity ratio of 0.63. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 4.43 and a beta of 0.37. ONE Gas has a 1 year low of $63.45 and a 1 year high of $89.48.
The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 22nd were issued a $0.50 dividend. This is an increase from ONE Gas’s previous quarterly dividend of $0.46. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Thursday, February 21st. ONE Gas’s payout ratio is 61.54%.
ONE Gas Company Profile
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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