Zacks: Analysts Expect ONE Gas, Inc. (NYSE:OGS) to Announce $1.90 Earnings Per Share

Analysts forecast that ONE Gas, Inc. (NYSE:OGSGet Rating) will post $1.90 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for ONE Gas’ earnings, with the highest EPS estimate coming in at $1.96 and the lowest estimate coming in at $1.83. ONE Gas reported earnings of $1.79 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The business is expected to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that ONE Gas will report full year earnings of $4.08 per share for the current fiscal year, with EPS estimates ranging from $4.05 to $4.09. For the next financial year, analysts expect that the company will report earnings of $4.31 per share, with EPS estimates ranging from $4.30 to $4.34. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow ONE Gas.

ONE Gas (NYSE:OGSGet Rating) last posted its earnings results on Wednesday, February 23rd. The utilities provider reported $1.12 EPS for the quarter, hitting the consensus estimate of $1.12. The firm had revenue of $593.74 million for the quarter, compared to analyst estimates of $499.74 million. ONE Gas had a return on equity of 8.90% and a net margin of 11.41%. ONE Gas’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share.

OGS has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on ONE Gas from $77.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 22nd. StockNews.com initiated coverage on ONE Gas in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. Mizuho raised their target price on ONE Gas from $83.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, February 25th. Bank of America upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Thursday, February 17th. Finally, TheStreet upgraded ONE Gas from a “c” rating to a “b-” rating in a research report on Wednesday, December 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, ONE Gas presently has an average rating of “Hold” and an average target price of $82.25.

ONE Gas stock traded down $0.59 during midday trading on Monday, hitting $88.43. 274,081 shares of the company were exchanged, compared to its average volume of 330,266. The firm has a market capitalization of $4.78 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 4.37 and a beta of 0.52. ONE Gas has a fifty-two week low of $62.52 and a fifty-two week high of $92.26. The business has a fifty day simple moving average of $83.87 and a two-hundred day simple moving average of $76.22. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.09 and a current ratio of 2.27.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 11th. Stockholders of record on Friday, February 25th were given a dividend of $0.62 per share. This is a boost from ONE Gas’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Thursday, February 24th. ONE Gas’s dividend payout ratio is currently 64.42%.

In related news, Director Michael G. Hutchinson sold 750 shares of the company’s stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $86.12, for a total value of $64,590.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.94% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA purchased a new position in shares of ONE Gas during the 4th quarter worth approximately $46,253,000. Norges Bank purchased a new position in shares of ONE Gas during the 4th quarter worth approximately $32,448,000. BlackRock Inc. raised its stake in shares of ONE Gas by 5.2% during the 4th quarter. BlackRock Inc. now owns 6,548,818 shares of the utilities provider’s stock worth $508,124,000 after buying an additional 325,071 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of ONE Gas by 19.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,421,983 shares of the utilities provider’s stock worth $110,332,000 after buying an additional 234,312 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of ONE Gas by 257.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 250,000 shares of the utilities provider’s stock worth $19,398,000 after buying an additional 180,000 shares in the last quarter. 80.26% of the stock is owned by institutional investors.

About ONE Gas (Get Rating)

ONE Gas, Inc engages in the provision of natural gas distribution services. It offers natural gas to residential, commercial, industrial, and transportation customers. The firm operates through three divisions: oklahoma natural gas, kansas gas service and texas gas service The company was founded in 1906 and is headquartered in Tulsa, OK.

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