ONE Gas (NYSE:OGS) Issues Earnings Results

ONE Gas (NYSE:OGS – Get Free Report) announced its quarterly earnings results on Monday. The utilities provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05, FiscalAI reports. ONE Gas had a net margin of 12.61% and a return on equity of 8.81%. The firm had revenue of $391.31 million during the quarter, compared to the consensus estimate of $398.23 million. During the same period last year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year.

ONE Gas Stock Up 1.6%

Shares of NYSE:OGS traded up $1.30 during midday trading on Wednesday, reaching $82.33. The company’s stock had a trading volume of 265,036 shares, compared to its average volume of 557,017. The firm has a 50 day moving average of $76.23 and a 200-day moving average of $80.84. The firm has a market capitalization of $5.18 billion, a P/E ratio of 17.54, a PEG ratio of 2.11 and a beta of 0.62. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. ONE Gas has a 12-month low of $70.37 and a 12-month high of $90.78.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Monday, November 16th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, November 16th. ONE Gas’s dividend payout ratio (DPR) is presently 58.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective on the stock in a report on Thursday, August 13th. Jefferies Financial Group lowered ONE Gas from a “buy” rating to a “hold” rating and cut their target price for the stock from $103.00 to $80.00 in a research note on Wednesday, October 7th. Morgan Stanley cut their target price on ONE Gas from $79.00 to $78.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 21st. Wall Street Zen upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, BTIG Research reissued a “buy” rating and set a $95.00 price target on shares of ONE Gas in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.04.

Read Our Latest Analysis on ONE Gas

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