ONE Gas (NYSE:OGS) Releases FY24 Earnings Guidance

ONE Gas (NYSE:OGS) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $3.85-$3.95 for the period, compared to the consensus estimate of $3.87. ONE Gas also updated its FY 2024 guidance to 3.850-3.950 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Morgan Stanley lifted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company upped their price objective on ONE Gas from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.30.

ONE Gas Price Performance

OGS stock traded down $0.46 during trading on Tuesday, reaching $69.51. The company’s stock had a trading volume of 135,433 shares, compared to its average volume of 400,802. ONE Gas has a 1 year low of $55.50 and a 1 year high of $74.99. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3.94 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 3.63 and a beta of 0.67. The company’s fifty day moving average is $72.08 and its 200-day moving average is $67.20.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.07). ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. During the same period last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts expect that ONE Gas will post 3.86 earnings per share for the current fiscal year.

ONE Gas Company Profile

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.