Zacks Research Issues Positive Outlook for ONE Gas Earnings

ONE Gas, Inc. (NYSE:OGS) – Research analysts at Zacks Research boosted their FY2024 earnings estimates for ONE Gas in a research report issued to clients and investors on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $3.86 per share for the year, up from their previous estimate of $3.84. The consensus estimate for ONE Gas’ current full-year earnings is $3.88 per share. Zacks Research also issued estimates for ONE Gas’ Q1 2025 earnings at $1.82 EPS, Q4 2025 earnings at $1.31 EPS, Q1 2026 earnings at $1.87 EPS, Q2 2026 earnings at $0.64 EPS and Q3 2026 earnings at $0.60 EPS.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The business had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company reduced their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Morgan Stanley boosted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $68.10.

ONE Gas Trading Up 0.8 %

NYSE OGS opened at $77.59 on Thursday. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $4.40 billion, a PE ratio of 20.21 and a beta of 0.67. ONE Gas has a 1-year low of $55.50 and a 1-year high of $78.89. The firm’s fifty day simple moving average is $73.93 and its 200-day simple moving average is $68.53.

Institutional Investors Weigh In On ONE Gas

Several large investors have recently bought and sold shares of the company. Janus Henderson Group PLC increased its position in shares of ONE Gas by 55.2% during the first quarter. Janus Henderson Group PLC now owns 287,006 shares of the utilities provider’s stock worth $18,520,000 after acquiring an additional 102,092 shares in the last quarter. Jane Street Group LLC grew its position in ONE Gas by 283.6% in the first quarter. Jane Street Group LLC now owns 193,232 shares of the utilities provider’s stock valued at $12,469,000 after purchasing an additional 142,865 shares in the last quarter. Boston Partners acquired a new stake in ONE Gas in the 1st quarter valued at $708,000. Pathstone Holdings LLC lifted its position in ONE Gas by 113.5% during the 3rd quarter. Pathstone Holdings LLC now owns 22,681 shares of the utilities provider’s stock worth $1,688,000 after buying an additional 12,060 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of ONE Gas by 19.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 313,816 shares of the utilities provider’s stock worth $20,037,000 after buying an additional 50,515 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be given a $0.66 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.40%. ONE Gas’s dividend payout ratio is currently 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.