FY2024 EPS Estimates for ONE Gas Boosted by Zacks Research

ONE Gas, Inc. (NYSE:OGS) – Equities research analysts at Zacks Research raised their FY2024 EPS estimates for ONE Gas in a report issued on Tuesday, December 31st. Zacks Research analyst R. Department now expects that the utilities provider will earn $3.88 per share for the year, up from their prior 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.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data 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 analysts’ expectations of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share.

Several other research firms have also recently weighed in on OGS. Wells Fargo & Company dropped their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Stifel Nicolaus boosted their price target on shares of ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. StockNews.com raised ONE Gas from a “sell” rating to a “hold” rating in a research report on Wednesday. LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective on the stock. in a research report on Friday, December 6th. Finally, Jefferies Financial Group started coverage on ONE Gas in a research report on Monday, December 9th. They set a “hold” rating and a $79.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, ONE Gas currently has a consensus rating of “Hold” and a consensus target price of $72.69.

ONE Gas Stock Performance

Shares of NYSE:OGS opened at $69.02 on Friday. The firm has a market capitalization of $3.91 billion, a PE ratio of 17.97 and a beta of 0.70. ONE Gas has a 1 year low of $57.74 and a 1 year high of $78.89. The business’s 50 day moving average price is $72.75 and its 200-day moving average price is $70.21. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37.

Hedge Funds Weigh In On ONE Gas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OGS. Oddo BHF Asset Management Sas acquired a new position in shares of ONE Gas in the third quarter worth about $3,135,000. Franklin Resources Inc. increased its stake in shares of ONE Gas by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 701,933 shares of the utilities provider’s stock worth $50,785,000 after purchasing an additional 31,045 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in ONE Gas during the third quarter valued at about $45,000. Sanctuary Advisors LLC acquired a new stake in ONE Gas in the 3rd quarter worth approximately $422,000. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of ONE Gas by 234.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 60,976 shares of the utilities provider’s stock worth $4,539,000 after buying an additional 42,724 shares during the period. 88.71% of the stock is owned by institutional investors.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors 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 yield of 3.82%. ONE Gas’s dividend payout ratio (DPR) is 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.