ONE Gas (NYSE:OGS) Issues Quarterly Earnings Results

ONE Gas (NYSE:OGS) issued its quarterly earnings data on Monday. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.07), Briefing.com reports. ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The company had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same quarter last year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. ONE Gas updated its FY24 guidance to $3.85-$3.95 EPS and its FY 2024 guidance to 3.850-3.950 EPS.

ONE Gas Stock Down 1.0 %

NYSE:OGS traded down $0.67 on Tuesday, reaching $69.30. 9,373 shares of the stock traded hands, compared to its average volume of 400,212. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 3.63 and a beta of 0.67. The company has a current ratio of 0.41, a quick ratio of 0.32 and a debt-to-equity ratio of 0.76. ONE Gas has a 12 month low of $55.50 and a 12 month high of $74.99. The company’s fifty day simple moving average is $72.08 and its 200 day simple moving average is $67.20.

Analyst Ratings Changes

Several research analysts recently issued reports on OGS shares. StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Morgan Stanley lifted their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company lifted their price target on shares of ONE Gas from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average 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.