Jefferies Group Comments on ONE Gas Inc.’s Q3 2016 Earnings (OGS)
ONE Gas Inc. (NYSE:OGS) – Investment analysts at Jefferies Group raised their Q3 2016 earnings per share estimates for shares of ONE Gas in a report issued on Thursday. Jefferies Group analyst C. Sighinolfi now forecasts that the firm will post earnings per share of $0.25 for the quarter, up from their previous estimate of $0.22. Jefferies Group has a “Hold” rating and a $53.00 price objective on the stock. Jefferies Group also issued estimates for ONE Gas’ Q4 2016 earnings at $0.80 EPS, FY2016 earnings at $2.65 EPS, FY2017 earnings at $2.76 EPS and FY2019 earnings at $2.96 EPS.
ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.31 by $0.07. ONE Gas had a net margin of 9.61% and a return on equity of 7.12%. The company earned $245.92 million during the quarter, compared to analysts’ expectations of $289.73 million. During the same quarter in the previous year, the company earned $0.23 EPS. ONE Gas’s revenue was down 4.2% on a year-over-year basis.
Several other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Friday, September 2nd. Wells Fargo & Co. started coverage on shares of ONE Gas in a research note on Tuesday, August 30th. They set a “market perform” rating on the stock. Finally, BB&T Corp. started coverage on shares of ONE Gas in a research note on Wednesday, June 22nd. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. ONE Gas presently has a consensus rating of “Hold” and an average target price of $59.00.
Shares of ONE Gas (NYSE:OGS) opened at 59.46 on Friday. The firm has a market cap of $3.11 billion, a PE ratio of 23.90 and a beta of 0.11. The stock’s 50 day moving average is $61.07 and its 200 day moving average is $61.60. ONE Gas has a 12 month low of $45.57 and a 12 month high of $67.35.
In other news, Director Eduardo A. Rodriguez sold 1,325 shares of the stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $60.96, for a total value of $80,772.00. Following the completion of the transaction, the director now owns 8,060 shares of the company’s stock, valued at $491,337.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.25% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of OGS. Dorsey Wright & Associates boosted its position in ONE Gas by 0.4% in the third quarter. Dorsey Wright & Associates now owns 19,899 shares of the company’s stock worth $1,231,000 after buying an additional 71 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in ONE Gas by 0.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 28,480 shares of the company’s stock worth $1,896,000 after buying an additional 100 shares during the period. State Treasurer State of Michigan boosted its position in ONE Gas by 0.5% in the second quarter. State Treasurer State of Michigan now owns 20,957 shares of the company’s stock worth $1,396,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. boosted its position in ONE Gas by 2.7% in the second quarter. Capstone Asset Management Co. now owns 4,532 shares of the company’s stock worth $302,000 after buying an additional 120 shares during the period. Finally, Creative Planning boosted its position in ONE Gas by 0.8% in the third quarter. Creative Planning now owns 16,266 shares of the company’s stock worth $1,006,000 after buying an additional 125 shares during the period. 71.73% of the stock is owned by hedge funds and other institutional investors.
ONE Gas Company Profile
ONE Gas, Inc is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma, Kansas and Texas. The Company operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers.
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