Zacks Research Estimates ONE Gas’ FY2024 Earnings (NYSE:OGS)

ONE Gas, Inc. (NYSE:OGS) – Investment analysts at Zacks Research lifted their FY2024 EPS estimates for shares of ONE Gas in a report released on Tuesday, December 31st. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $3.88 for the year, up from their previous estimate of $3.86. The consensus estimate for ONE Gas’ current full-year earnings is $3.88 per share. Zacks Research also issued estimates for ONE Gas’ Q4 2024 earnings at $1.31 EPS, Q1 2025 earnings at $1.84 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $1.37 EPS, FY2025 earnings at $4.31 EPS, Q3 2026 earnings at $0.56 EPS and FY2026 earnings at $4.45 EPS.

Other analysts also recently issued research reports about the company. Bank of America initiated coverage on ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 target price on the stock. LADENBURG THALM/SH SH downgraded ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a report on Friday, December 6th. Morgan Stanley boosted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company cut their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus boosted their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.69.

ONE Gas Price Performance

NYSE OGS opened at $69.02 on Friday. ONE Gas has a 12-month low of $57.74 and a 12-month high of $78.89. The firm’s 50 day moving average is $72.75 and its 200-day moving average is $70.21. The company has a market capitalization of $3.91 billion, a PE ratio of 17.97 and a beta of 0.70. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The business had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share.

Hedge Funds Weigh In On ONE Gas

A number of institutional investors have recently modified their holdings of OGS. Oddo BHF Asset Management Sas acquired a new position in ONE Gas during the third quarter worth about $3,135,000. Franklin Resources Inc. lifted its holdings in shares of ONE Gas by 4.6% during the third quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider’s stock worth $50,785,000 after purchasing an additional 31,045 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of ONE Gas in the third quarter valued at about $45,000. Sanctuary Advisors LLC bought a new position in ONE Gas during the 3rd quarter worth approximately $422,000. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in ONE Gas by 234.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock valued at $4,539,000 after buying an additional 42,724 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date was Tuesday, November 19th. ONE Gas’s payout ratio is currently 68.75%.

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.