ONE Gas (NYSE:OGS) Releases Earnings Results, Misses Estimates By $0.07 EPS

ONE Gas (NYSE:OGS – Get Rating) issued its earnings results on Monday. The utilities provider reported $1.83 EPS for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.07), MarketWatch Earnings reports. ONE Gas had a return on equity of 8.90% and a net margin of 11.41%. During the same quarter in the previous year, the business earned $1.79 EPS.

NYSE:OGS opened at $82.63 on Tuesday. ONE Gas has a 12 month low of $62.52 and a 12 month high of $92.26. The firm has a fifty day simple moving average of $86.38 and a 200-day simple moving average of $77.74. The company has a current ratio of 2.27, a quick ratio of 2.09 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $4.47 billion, a P/E ratio of 21.46, a PEG ratio of 4.12 and a beta of 0.52.

Several brokerages recently issued reports on OGS. Bank of America raised shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Thursday, February 17th. StockNews.com assumed coverage on shares of ONE Gas in a report on Thursday, March 31st. They set a “sell” rating on the stock. Morgan Stanley raised their target price on shares of ONE Gas from $82.00 to $89.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 20th. Finally, Mizuho downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $92.00 target price for the company. in a research note on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $85.25.

In other news, Director Michael G. Hutchinson sold 750 shares of ONE Gas stock in a transaction on Friday, March 11th. The shares were sold at an average price of $86.12, for a total transaction of $64,590.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.38% of the company’s stock.

Large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of ONE Gas by 5.2% in the 4th quarter. BlackRock Inc. now owns 6,548,818 shares of the utilities provider’s stock valued at $508,124,000 after buying an additional 325,071 shares during the period. Legal & General Group Plc boosted its stake in shares of ONE Gas by 3.3% in the fourth quarter. Legal & General Group Plc now owns 452,272 shares of the utilities provider’s stock worth $35,091,000 after buying an additional 14,337 shares during the last quarter. Morgan Stanley boosted its stake in shares of ONE Gas by 0.7% in the second quarter. Morgan Stanley now owns 295,834 shares of the utilities provider’s stock worth $21,926,000 after buying an additional 1,948 shares during the last quarter. Sei Investments Co. boosted its stake in shares of ONE Gas by 4.6% in the fourth quarter. Sei Investments Co. now owns 145,080 shares of the utilities provider’s stock worth $11,257,000 after buying an additional 6,405 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of ONE Gas by 22.5% in the fourth quarter. Parametric Portfolio Associates LLC now owns 108,294 shares of the utilities provider’s stock worth $8,403,000 after buying an additional 19,898 shares during the last quarter. 81.64% of the stock is currently owned by institutional investors.

ONE Gas Company Profile (Get Rating)

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It provides natural gas distribution services to 2.2 million customers in three states.

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