ONE Gas (NYSE:OGS) Issues FY24 Earnings Guidance

ONE Gas (NYSE:OGS) issued an update on its FY24 earnings guidance on Monday morning. The company provided EPS guidance of $3.85-$3.95 for the period, compared to the consensus EPS estimate of $3.87. ONE Gas also updated its FY 2024 guidance to 3.850-3.950 EPS.

ONE Gas Price Performance

OGS traded down $0.46 during trading on Tuesday, reaching $69.51. The stock had a trading volume of 135,433 shares, compared to its average volume of 400,802. The stock has a market cap of $3.94 billion, a PE ratio of 17.71, a PEG ratio of 3.63 and a beta of 0.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41. ONE Gas has a one year low of $55.50 and a one year high of $74.99. The business has a 50-day moving average of $72.08 and a 200-day moving average of $67.20.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. During the same period last year, the business posted $0.45 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that ONE Gas will post 3.86 EPS for the current fiscal year.

Analyst Ratings Changes

OGS has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company raised their target price on ONE Gas from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $68.30.

ONE Gas Company Profile

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.