ONE Gas (OGS) to Release Quarterly Earnings on Wednesday

ONE Gas (NYSE:OGS) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect ONE Gas to post earnings of $1.34 per share and revenue of $973.58 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

ONE Gas Stock Performance

ONE Gas stock opened at $71.51 on Tuesday. The firm’s 50 day simple moving average is $70.04 and its 200-day simple moving average is $71.38. The company has a market cap of $4.05 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 3.58 and a beta of 0.72. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. ONE Gas has a fifty-two week low of $57.74 and a fifty-two week high of $78.89.

ONE Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a $0.67 dividend. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, February 21st. ONE Gas’s dividend payout ratio (DPR) is 68.75%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, January 18th. Jefferies Financial Group dropped their target price on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Bank of America initiated coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 price objective on the stock. Finally, LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, ONE Gas presently has a consensus rating of “Hold” and an average target price of $72.31.

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.