ONE Gas (OGS) Projected to Post Earnings on Wednesday

ONE Gas (NYSE:OGS) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $1.34 per share and revenue of $973.58 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

ONE Gas Trading Up 0.5 %

Shares of NYSE OGS opened at $70.58 on Wednesday. ONE Gas has a 12 month low of $57.74 and a 12 month high of $78.89. The business has a fifty day simple moving average of $70.29 and a 200-day simple moving average of $71.33. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 3.58 and a beta of 0.72.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.80%. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, February 21st. ONE Gas’s payout ratio is presently 68.75%.

Analysts Set New Price Targets

OGS has been the subject of several recent analyst reports. Jefferies Financial Group decreased their target price on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company cut their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Bank of America initiated coverage on ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 price objective for the company. Stifel Nicolaus lifted their price target on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday, December 6th. Finally, LADENBURG THALM/SH SH lowered 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $72.31.

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.