Zacks Research Estimates ONE Gas' FY2024 Earnings (NYSE:OGS)

ONE Gas, Inc. (NYSE:OGS - Free Report) - Research analysts at Zacks Research increased their FY2024 earnings per share estimates for ONE Gas in a report issued on Tuesday, December 31st. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $3.88 for the year, up from their previous forecast of $3.86. The consensus estimate for ONE Gas' current full-year earnings is $3.88 per share. Zacks Research also issued estimates for ONE Gas' Q4 2024 earnings at $1.31 EPS, Q1 2025 earnings at $1.84 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $1.37 EPS, FY2025 earnings at $4.31 EPS, Q3 2026 earnings at $0.56 EPS and FY2026 earnings at $4.45 EPS.

Other equities analysts have also recently issued reports about the stock. Bank of America started coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a "buy" rating and a $77.00 price objective on the stock. Stifel Nicolaus raised their target price on ONE Gas from $73.00 to $74.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. Jefferies Financial Group started coverage on ONE Gas in a research note on Monday, December 9th. They issued a "hold" rating and a $79.00 price objective for the company. StockNews.com upgraded ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, Morgan Stanley increased their price target on shares of ONE Gas from $63.00 to $69.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $72.69.

ONE Gas Trading Up 1.0 %

Shares of OGS traded up $0.65 during midday trading on Friday, hitting $69.02. The stock had a trading volume of 315,828 shares, compared to its average volume of 306,364. The business has a 50-day simple moving average of $72.75 and a two-hundred day simple moving average of $70.21. The firm has a market cap of $3.91 billion, a P/E ratio of 17.97 and a beta of 0.70. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. ONE Gas has a fifty-two week low of $57.74 and a fifty-two week high of $78.89.

ONE Gas (NYSE:OGS - Get Free Report) last announced its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $340.40 million for the quarter, compared to analysts' expectations of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The company's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC grew its holdings in ONE Gas by 266.0% during the third quarter. Transcendent Capital Group LLC now owns 366 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 266 shares during the last quarter. Rothschild Investment LLC acquired a new position in ONE Gas in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its holdings in ONE Gas by 150.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider's stock worth $40,000 after acquiring an additional 349 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in ONE Gas during the 3rd quarter worth $45,000. Finally, GAMMA Investing LLC boosted its holdings in ONE Gas by 75.2% during the third quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 261 shares during the period. 88.71% of the stock is owned by institutional investors.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were paid a dividend of $0.66 per share. The ex-dividend date was Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.82%. ONE Gas's dividend payout ratio (DPR) is presently 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.