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

ONE Gas (NYSE:OGS) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 3.700-4.000 for the period, compared to the consensus EPS estimate of 3.860. The company issued revenue guidance of -. ONE Gas also updated its FY24 guidance to $3.70-4.00 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OGS. Morgan Stanley upped their target price on ONE Gas from $57.00 to $58.00 and gave the company an equal weight rating in a research report on Thursday, March 21st. Mizuho upped their target price on ONE Gas from $63.00 to $64.00 and gave the company a neutral rating in a research report on Friday, April 19th. UBS Group began coverage on ONE Gas in a research report on Friday, April 12th. They issued a sell rating and a $61.00 target price on the stock. Wells Fargo & Company upped their price target on ONE Gas from $60.00 to $63.00 and gave the company an equal weight rating in a research report on Friday, February 23rd. Finally, LADENBURG THALM/SH SH raised ONE Gas from a neutral rating to a buy rating and set a $64.50 price target on the stock in a research report on Tuesday, March 5th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $64.56.

ONE Gas Stock Performance

Shares of OGS stock traded down $0.37 on Monday, hitting $65.08. 309,184 shares of the stock traded hands, compared to its average volume of 416,811. ONE Gas has a 1-year low of $55.50 and a 1-year high of $83.89. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39. The company’s fifty day moving average is $62.80 and its 200 day moving average is $62.01. The company has a market capitalization of $3.68 billion, a PE ratio of 15.72, a PEG ratio of 3.39 and a beta of 0.65.

ONE Gas (NYSE:OGS) last issued its earnings results on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share for the quarter, hitting the consensus estimate of $1.27. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The firm had revenue of $605.90 million for the quarter, compared to analyst estimates of $751.77 million. During the same period last year, the company earned $1.23 earnings per share. The firm’s revenue for the quarter was down 26.0% on a year-over-year basis. On average, equities research analysts predict that ONE Gas will post 3.86 earnings per share for the current fiscal year.

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.