ONE Gas (NYSE:OGS) Updates FY 2024 Earnings Guidance

ONE Gas (NYSE:OGS) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 3.700-4.000 for the period, compared to the consensus earnings per share estimate of 3.860. The company issued revenue guidance of -. ONE Gas also updated its FY24 guidance to $3.70-4.00 EPS.

ONE Gas Trading Down 0.2 %

ONE Gas stock traded down $0.10 during mid-day trading on Wednesday, hitting $64.73. The company’s stock had a trading volume of 179,099 shares, compared to its average volume of 417,779. The business has a 50 day moving average price of $63.05 and a 200-day moving average price of $61.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39. ONE Gas has a 12 month low of $55.50 and a 12 month high of $83.89. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 3.39 and a beta of 0.65.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, May 6th. The utilities provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $758.32 million for the quarter, compared to analysts’ expectations of $1.05 billion. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The company’s revenue was down 26.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 earnings per share. As a group, analysts forecast that ONE Gas will post 3.86 EPS for the current year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 20th will be issued a dividend of $0.66 per share. The ex-dividend date is Friday, May 17th. This represents a $2.64 dividend on an annualized basis and a yield of 4.08%. ONE Gas’s dividend payout ratio is currently 63.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group assumed coverage on shares of ONE Gas in a research report on Friday, April 12th. They issued a sell rating and a $61.00 price objective on the stock. LADENBURG THALM/SH SH raised ONE Gas from a neutral rating to a buy rating and set a $64.50 target price on the stock in a research note on Tuesday, March 5th. Wells Fargo & Company raised their price target on ONE Gas from $60.00 to $63.00 and gave the stock an equal weight rating in a research note on Friday, February 23rd. Mizuho boosted their price objective on shares of ONE Gas from $63.00 to $64.00 and gave the company a neutral rating in a research report on Friday, April 19th. Finally, Morgan Stanley raised their target price on shares of ONE Gas from $57.00 to $58.00 and gave the stock an equal weight rating in a research report on Thursday, March 21st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $64.56.

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.