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

ONE Gas (NYSE:OGS) released its earnings results 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 analysts’ expectations of $398.23 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.61%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share.

ONE Gas Trading Down 1.2%

Shares of OGS opened at $80.87 on Friday. The business has a 50-day moving average of $76.30 and a 200 day moving average of $80.89. 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. The firm has a market cap of $5.08 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.62.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Monday, November 16th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, November 16th. ONE Gas’s payout ratio is presently 58.00%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OGS. Jefferies Financial Group lowered ONE Gas from a “buy” rating to a “hold” rating and cut their target price for the company from $103.00 to $80.00 in a research report on Wednesday, October 7th. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a report on Sunday, November 1st. BTIG Research reiterated a “buy” rating and set a $95.00 price objective on shares of ONE Gas in a research note on Wednesday. Truist Financial reduced their price objective on ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Finally, Morgan Stanley cut their price target on shares of ONE Gas from $79.00 to $78.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 21st. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.12.

ONE Gas Company Profile