ONE Gas (NYSE:OGS) Releases FY24 Earnings Guidance

ONE Gas (NYSE:OGS) updated its FY24 earnings guidance on Monday. The company provided earnings per share guidance of $3.70-4.00 for the period, compared to the consensus earnings per share estimate of $3.86.

ONE Gas Price Performance

Shares of NYSE:OGS traded down $0.36 on Monday, hitting $65.09. The company had a trading volume of 309,184 shares, compared to its average volume of 415,417. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 0.78. The company has a market cap of $3.68 billion, a PE ratio of 15.81, a PEG ratio of 3.39 and a beta of 0.65. ONE Gas has a 52-week low of $55.50 and a 52-week high of $83.89. The business has a 50 day moving average of $62.80 and a 200 day moving average of $62.01.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.27. The company had revenue of $605.90 million for the quarter, compared to analysts’ expectations of $751.77 million. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The firm’s revenue for the quarter was down 26.0% compared to the same quarter last year. During the same period last year, the company earned $1.23 EPS. As a group, equities analysts anticipate that ONE Gas will post 3.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on OGS. Wells Fargo & Company lifted their price target on ONE Gas from $60.00 to $63.00 and gave the company an equal weight rating in a report on Friday, February 23rd. LADENBURG THALM/SH SH raised shares of ONE Gas from a neutral rating to a buy rating and set a $64.50 price target for the company in a research report on Tuesday, March 5th. Morgan Stanley raised their price target on shares of ONE Gas from $57.00 to $58.00 and gave the company an equal weight rating in a report on Thursday, March 21st. UBS Group started coverage on shares of ONE Gas in a research report on Friday, April 12th. They set a sell rating and a $61.00 target price on the stock. Finally, Mizuho raised their price objective on ONE Gas from $63.00 to $64.00 and gave the company a neutral rating in a research note on Friday, April 19th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, ONE Gas has a consensus rating of Hold and a consensus price target of $64.56.

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.