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

ONE Gas (NYSE:OGS) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 3.850-3.950 for the period, compared to the consensus earnings per share estimate of 3.840. The company issued revenue guidance of -. ONE Gas also updated its FY24 guidance to $3.85-$3.95 EPS.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on OGS shares. Morgan Stanley upped their price objective on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Wells Fargo & Company reduced their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $68.10.

ONE Gas Trading Up 4.6 %

Shares of OGS stock traded up $3.26 on Wednesday, reaching $73.79. 427,534 shares of the stock were exchanged, compared to its average volume of 402,992. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. The stock has a market cap of $4.18 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 3.63 and a beta of 0.67. The firm has a 50 day moving average of $72.12 and a two-hundred day moving average of $67.24. ONE Gas has a 1-year low of $55.50 and a 1-year high of $75.37.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $340.40 million during the quarter, compared to analysts’ expectations of $287.48 million. ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. On average, research analysts anticipate that ONE Gas will post 3.86 EPS for the current year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.58%. ONE Gas’s payout ratio is 68.75%.

About ONE Gas

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.