ONE Gas (NYSE:OGS) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

ONE Gas (NYSE:OGS) announced its quarterly earnings results on Monday. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06, FiscalAI reports. The business had revenue of $391.31 million during the quarter, compared to analyst estimates of $398.23 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.

ONE Gas Stock Performance

OGS stock traded up $1.34 during midday trading on Monday, hitting $79.88. 656,914 shares of the company traded hands, compared to its average volume of 556,527. ONE Gas has a twelve month low of $70.37 and a twelve month high of $90.78. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The business has a 50 day simple moving average of $76.20 and a 200-day simple moving average of $80.81. The stock has a market capitalization 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.

ONE Gas Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on OGS shares. Morgan Stanley cut their price objective on shares of ONE Gas from $79.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 21st. Jefferies Financial Group downgraded shares of ONE Gas from a “buy” rating to a “hold” rating and decreased their target price for the stock from $103.00 to $80.00 in a research report on Wednesday, October 7th. Wall Street Zen upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Sunday. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price target on the stock in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.46.

ONE Gas Company Profile