ONE Gas (NYSE:OGS) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

ONE Gas (NYSE:OGS) issued its quarterly earnings data on Monday. The utilities provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05, FiscalAI reports. The firm had revenue of $391.31 million for the quarter, compared to analyst estimates of $398.23 million. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS.

ONE Gas Stock Up 1.7%

Shares of ONE Gas stock traded up $1.34 during trading on Monday, reaching $79.88. The company had a trading volume of 656,914 shares, compared to its average volume of 556,527. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 2.07 and a beta of 0.64. The firm’s fifty day moving average is $76.22 and its 200-day moving average is $80.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48. ONE Gas has a fifty-two week low of $70.37 and a fifty-two week high of $90.78.

ONE Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were given a $0.68 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. ONE Gas’s payout ratio is presently 58.62%.

Analysts Set New Price Targets

OGS has been the topic of several recent analyst reports. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a research note on Sunday. Wells Fargo & Company raised ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price target for the company in a report on Thursday, August 6th. Truist Financial lowered their price objective on ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Morgan Stanley dropped their price objective on ONE Gas from $79.00 to $78.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 21st. Finally, Scotiabank began coverage on ONE Gas in a research report on Tuesday, September 29th. They issued a “sector outperform” rating and a $86.00 target price on the stock. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.46.

ONE Gas Company Profile