Seaport Global Securities Weighs in on ONE Gas, Inc.’s FY2017 Earnings (OGS)
ONE Gas, Inc. (NYSE:OGS) – Seaport Global Securities lifted their FY2017 earnings estimates for ONE Gas in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Levin now forecasts that the utilities provider will post earnings per share of $3.05 for the year, up from their prior estimate of $3.00. Seaport Global Securities also issued estimates for ONE Gas’ Q4 2017 earnings at $0.86 EPS, FY2018 earnings at $3.15 EPS and FY2019 earnings at $3.30 EPS.
ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $247.14 million during the quarter, compared to the consensus estimate of $242.75 million. ONE Gas had a return on equity of 8.22% and a net margin of 10.42%. During the same quarter in the previous year, the business earned $0.24 EPS. TRADEMARK VIOLATION WARNING: This piece was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/08/seaport-global-securities-weighs-in-on-one-gas-inc-s-fy2017-earnings-ogs.html.
Other research analysts have also issued reports about the stock. BidaskClub upgraded shares of ONE Gas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Thursday, July 13th. UBS AG downgraded shares of ONE Gas from a “neutral” rating to a “sell” rating and increased their price target for the stock from $71.00 to $72.00 in a research note on Monday, October 2nd. Jefferies Group LLC reiterated a “sell” rating and set a $62.00 price target on shares of ONE Gas in a report on Sunday, September 10th. Finally, Morgan Stanley increased their price target on shares of ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $67.50.
Shares of ONE Gas (OGS) opened at $76.85 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. ONE Gas has a 1-year low of $56.64 and a 1-year high of $78.26. The stock has a market cap of $3,994.76, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 4.06 and a beta of 0.11.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, November 10th. This represents a $1.68 annualized dividend and a dividend yield of 2.19%. ONE Gas’s dividend payout ratio (DPR) is presently 56.19%.
A number of large investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in ONE Gas by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,654 shares of the utilities provider’s stock worth $534,000 after purchasing an additional 23 shares during the last quarter. US Bancorp DE boosted its holdings in shares of ONE Gas by 0.4% in the 2nd quarter. US Bancorp DE now owns 7,589 shares of the utilities provider’s stock valued at $530,000 after acquiring an additional 28 shares during the last quarter. Capstone Asset Management Co. boosted its holdings in shares of ONE Gas by 1.0% in the 2nd quarter. Capstone Asset Management Co. now owns 4,152 shares of the utilities provider’s stock valued at $290,000 after acquiring an additional 40 shares during the last quarter. Suntrust Banks Inc. boosted its holdings in shares of ONE Gas by 1.3% in the 2nd quarter. Suntrust Banks Inc. now owns 6,241 shares of the utilities provider’s stock valued at $435,000 after acquiring an additional 81 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of ONE Gas by 1.4% in the 2nd quarter. Amalgamated Bank now owns 7,428 shares of the utilities provider’s stock valued at $519,000 after acquiring an additional 102 shares during the last quarter. 73.37% of the stock is currently owned by institutional investors.
About ONE Gas
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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