ONE Gas, Inc. to Post Q2 2024 Earnings of $0.54 Per Share, Zacks Research Forecasts (NYSE:OGS)

ONE Gas, Inc. (NYSE:OGS) – Stock analysts at Zacks Research dropped their Q2 2024 earnings per share (EPS) estimates for ONE Gas in a research note issued on Friday, April 26th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $0.54 per share for the quarter, down from their previous forecast of $0.59. The consensus estimate for ONE Gas’ current full-year earnings is $3.86 per share. Zacks Research also issued estimates for ONE Gas’ Q4 2024 earnings at $1.18 EPS, FY2024 earnings at $3.85 EPS, Q1 2025 earnings at $1.89 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $1.13 EPS, FY2025 earnings at $4.13 EPS, Q1 2026 earnings at $1.98 EPS and FY2026 earnings at $4.53 EPS.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data 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 return on equity of 8.63% and a net margin of 9.75%. ONE Gas’s revenue was down 26.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 earnings per share.

Several other analysts have also recently issued reports on OGS. Morgan Stanley increased their target price on ONE Gas from $57.00 to $58.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. UBS Group began coverage on ONE Gas in a research report on Friday, April 12th. They set a “sell” rating and a $61.00 target price on the stock. Wells Fargo & Company increased their target price on ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Mizuho increased their target price on ONE Gas from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, April 19th. Finally, LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price on the stock in a research report on Tuesday, March 5th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.56.

ONE Gas Stock Down 0.9 %

Shares of NYSE OGS opened at $63.95 on Monday. 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 stock has a market capitalization of $3.62 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 3.32 and a beta of 0.65. The stock’s fifty day simple moving average is $62.33 and its two-hundred day simple moving average is $62.15. ONE Gas has a 12-month low of $55.50 and a 12-month high of $83.89.

Institutional Trading of ONE Gas

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp lifted its holdings in shares of ONE Gas by 66.3% during the 1st quarter. Fifth Third Bancorp now owns 424 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 169 shares during the last quarter. BKM Wealth Management LLC purchased a new position in ONE Gas in the 4th quarter worth $28,000. Quadrant Capital Group LLC raised its stake in ONE Gas by 290.4% in the 4th quarter. Quadrant Capital Group LLC now owns 449 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 334 shares during the last quarter. Jones Financial Companies Lllp raised its stake in ONE Gas by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 637 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 337 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its stake in ONE Gas by 147.8% in the 1st quarter. Hexagon Capital Partners LLC now owns 803 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

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.