ONE Gas (OGS) Scheduled to Post Quarterly Earnings on Monday

ONE Gas (NYSE:OGS) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect ONE Gas to post earnings of $1.64 per share for the quarter. ONE Gas has set its FY24 guidance at $3.70-$4.00 EPS and its FY 2024 guidance at 3.700-4.000 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share for the quarter, hitting the consensus estimate of $1.27. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The firm had revenue of $605.90 million for the quarter, compared to the consensus estimate of $751.77 million. During the same quarter in the prior year, the company posted $1.23 earnings per share. The business’s revenue was down 26.0% on a year-over-year basis. On average, analysts expect ONE Gas to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ONE Gas Stock Performance

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 company’s fifty day moving average price is $62.33 and its two-hundred day moving average price is $62.15. ONE Gas has a 1-year low of $55.50 and a 1-year high of $83.89. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 3.32 and a beta of 0.65.

Wall Street Analyst Weigh In

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

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.