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

ONE Gas, Inc. (NYSE:OGS) – Stock analysts at Zacks Research upped their FY2024 earnings per share estimates for ONE Gas in a research note issued on Tuesday, December 31st. Zacks Research analyst R. Department now expects that the utilities provider will post earnings of $3.88 per share for the year, up from their prior estimate 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 issued its quarterly 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 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 business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS.

A number of other equities research analysts also recently weighed in on the company. Bank of America assumed coverage on ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 target price for the company. Morgan Stanley lifted their price target on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price for the company. in a report on Friday, December 6th. 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. Finally, StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $72.69.

ONE Gas Stock Performance

OGS stock opened at $69.02 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. ONE Gas has a 1 year low of $57.74 and a 1 year high of $78.89. The stock’s fifty day moving average is $72.75 and its two-hundred day moving average is $70.21. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 17.97 and a beta of 0.71.

Hedge Funds Weigh In On ONE Gas

Institutional investors have recently modified their holdings of the stock. Transcendent Capital Group LLC raised 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 worth $27,000 after acquiring an additional 266 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of ONE Gas during the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its position in shares of ONE Gas by 150.4% in the second quarter. EverSource Wealth Advisors LLC now owns 581 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 349 shares during the period. GAMMA Investing LLC boosted its holdings in ONE Gas by 75.2% in the 3rd quarter. GAMMA Investing LLC now owns 608 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 261 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in ONE Gas in the third quarter valued at about $45,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th were paid a $0.66 dividend. 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 currently 68.75%.

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.