Zacks Research Issues Positive Forecast for ONE Gas Earnings

ONE Gas, Inc. (NYSE:OGS) – Research analysts at Zacks Research raised their FY2024 earnings per share estimates for ONE Gas in a research report issued to clients and investors on Tuesday, December 31st. Zacks Research analyst R. Department now expects that the utilities provider will earn $3.88 per share for the year, up from their prior forecast 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.

ONE Gas (NYSE:OGS) last posted 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 company had revenue of $340.40 million for the quarter, compared to analysts’ expectations of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS.

A number of other equities research analysts have also weighed in on OGS. Morgan Stanley lifted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Stifel Nicolaus upped their price objective on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, December 6th. LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price target on the stock. in a report on Friday, December 6th. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Jefferies Financial Group assumed coverage on shares of ONE Gas in a research report on Monday, December 9th. They set a “hold” rating and a $79.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, ONE Gas has a consensus rating of “Hold” and a consensus price target of $72.69.

ONE Gas Trading Up 1.0 %

OGS stock opened at $69.02 on Friday. The company has a market capitalization of $3.91 billion, a PE ratio of 17.97 and a beta of 0.71. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. ONE Gas has a one year low of $57.74 and a one year high of $78.89. The company’s 50 day moving average price is $72.75 and its two-hundred day moving average price is $70.21.

Institutional Investors Weigh In On ONE Gas

Several large investors have recently modified their holdings of OGS. Transcendent Capital Group LLC boosted its holdings in ONE Gas by 266.0% during the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock worth $27,000 after buying an additional 266 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of ONE Gas in the second quarter worth $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of ONE Gas by 150.4% during the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 349 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after buying an additional 261 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in ONE Gas during the third quarter worth approximately $45,000. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were issued a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $2.64 annualized dividend and a yield of 3.82%. ONE Gas’s dividend payout ratio (DPR) is 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.