ONE Gas (NYSE:OGS – Get Free Report) released its quarterly earnings results on Monday. The utilities provider reported $0.53 EPS for the quarter, topping the consensus estimate 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 return on equity of 8.81% and a net margin of 12.47%. ONE Gas’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS.
ONE Gas Stock Performance
OGS stock opened at $79.88 on Tuesday. ONE Gas has a 1 year low of $70.37 and a 1 year high of $90.78. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 2.04 and a beta of 0.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48. The stock’s fifty day moving average is $76.22 and its two-hundred day moving average is $80.82.
Analyst Upgrades and Downgrades
OGS has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of ONE Gas from $79.00 to $78.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 21st. LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective for the company in a report on Thursday, August 13th. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a research note on Sunday. BTIG Research set a $89.00 target price on ONE Gas in a research report on Tuesday, October 20th. Finally, Weiss Ratings upgraded 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.46.
About ONE Gas
Featured Articles
- Five stocks we like better than ONE Gas
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.
