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

ONE Gas (NYSE:OGSGet 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.

See Also

Earnings History for ONE Gas (NYSE:OGS)

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