Zacks Research Has Positive View of ONE Gas FY2024 Earnings

ONE Gas, Inc. (NYSE:OGS) – Stock analysts at Zacks Research lifted their FY2024 earnings per share estimates for ONE Gas in a research report issued on Tuesday, December 31st. Zacks Research analyst R. Department now anticipates 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.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data 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). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same period in the previous year, the business earned $0.45 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on the company. Bank of America began coverage on ONE Gas in a report on Friday, December 13th. They issued a “buy” rating and a $77.00 target price for the company. LADENBURG THALM/SH SH lowered shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research note on Friday, December 6th. Morgan Stanley raised 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 report on Wednesday, September 25th. Jefferies Financial Group assumed coverage on shares of ONE Gas in a research report on Monday, December 9th. They issued a “hold” rating and a $79.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $72.69.

ONE Gas Stock Down 1.3 %

Shares of OGS opened at $68.37 on Friday. The firm has a fifty day moving average price of $72.83 and a 200-day moving average price of $70.15. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $3.87 billion, a P/E ratio of 17.80 and a beta of 0.70. ONE Gas has a 12-month low of $57.74 and a 12-month high of $78.89.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a yield of 3.86%. ONE Gas’s dividend payout ratio is presently 68.75%.

Hedge Funds Weigh In On ONE Gas

Several institutional investors and hedge funds have recently modified their holdings of OGS. Crossmark Global Holdings Inc. boosted its holdings in ONE Gas by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock worth $278,000 after buying an additional 159 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of ONE Gas by 42.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 210 shares during the period. CWM LLC boosted its stake in shares of ONE Gas by 17.3% during the 3rd quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 248 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of ONE Gas by 75.2% during the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 261 shares in the last quarter. Finally, Transcendent Capital Group LLC grew its position in shares of ONE Gas by 266.0% during the 3rd quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 266 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

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.