Equities research analysts expect ONE Gas Inc (NYSE:OGS) to report $0.84 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for ONE Gas’ earnings. The lowest EPS estimate is $0.79 and the highest is $0.89. ONE Gas posted earnings per share of $0.80 during the same quarter last year, which would suggest a positive year over year growth rate of 5%. The company is expected to issue its next earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that ONE Gas will report full-year earnings of $3.05 per share for the current year, with EPS estimates ranging from $2.98 to $3.10. For the next year, analysts forecast that the company will report earnings of $3.14 per share, with EPS estimates ranging from $3.08 to $3.29. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover ONE Gas.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. The business had revenue of $247.14 million for the quarter, compared to analyst estimates of $242.75 million. ONE Gas had a net margin of 10.42% and a return on equity of 8.22%. During the same quarter in the previous year, the business earned $0.24 earnings per share.

Several research firms recently issued reports on OGS. UBS Group lowered shares of ONE Gas from a “neutral” rating to a “sell” rating and boosted their target price for the company from $71.00 to $72.00 in a report on Monday, October 2nd. Zacks Investment Research lowered shares of ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Jefferies Group restated a “sell” rating and issued a $63.00 target price on shares of ONE Gas in a report on Wednesday, December 20th. Finally, Morgan Stanley boosted their target price on shares of ONE Gas from $72.00 to $75.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company’s stock. ONE Gas has an average rating of “Hold” and a consensus target price of $73.75.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Suntrust Banks Inc. increased its stake in ONE Gas by 1.3% in the second quarter. Suntrust Banks Inc. now owns 6,241 shares of the utilities provider’s stock valued at $435,000 after purchasing an additional 81 shares in the last quarter. Amalgamated Bank increased its stake in ONE Gas by 1.4% in the second quarter. Amalgamated Bank now owns 7,428 shares of the utilities provider’s stock valued at $519,000 after purchasing an additional 102 shares in the last quarter. M&T Bank Corp increased its stake in ONE Gas by 3.9% in the second quarter. M&T Bank Corp now owns 4,018 shares of the utilities provider’s stock valued at $280,000 after purchasing an additional 150 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in ONE Gas by 1.2% in the second quarter. Public Employees Retirement System of Ohio now owns 13,007 shares of the utilities provider’s stock valued at $908,000 after purchasing an additional 157 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in ONE Gas by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 20,196 shares of the utilities provider’s stock valued at $1,410,000 after purchasing an additional 295 shares in the last quarter. 72.76% of the stock is owned by hedge funds and other institutional investors.

ONE Gas (NYSE:OGS) traded down $0.15 during mid-day trading on Friday, reaching $69.04. 201,244 shares of the company traded hands, compared to its average volume of 184,696. The firm has a market capitalization of $3,609.00, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 3.81 and a beta of 0.11. 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 $62.81 and a 1-year high of $79.51.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a $0.46 dividend. This is an increase from ONE Gas’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, February 22nd. ONE Gas’s payout ratio is 56.19%.

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ONE Gas Company Profile

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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Earnings History and Estimates for ONE Gas (NYSE:OGS)

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