ONE Gas (NYSE:OGS) Updates FY25 Earnings Guidance

ONE Gas (NYSE:OGS) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.20-$4.32 for the period, compared to the consensus EPS estimate of $4.20.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $74.92 on Thursday. The business’s fifty day simple moving average is $74.12 and its 200 day simple moving average is $68.90. The firm has a market capitalization of $4.24 billion, a P/E ratio of 19.51 and a beta of 0.70. ONE Gas has a 12 month low of $57.74 and a 12 month high of $78.89. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, analysts anticipate that ONE Gas will post 3.88 EPS for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Tuesday, November 19th. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wells Fargo & Company reduced their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley boosted their target price on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, ONE Gas currently has a consensus rating of “Hold” and an average price target of $68.10.

About ONE Gas

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.