ONE Gas (NYSE:OGS) Updates FY 2024 Earnings Guidance

ONE Gas (NYSE:OGS) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.700-4.000 for the period, compared to the consensus earnings per share estimate of 3.820. The company issued revenue guidance of -.

ONE Gas Stock Up 0.8 %

NYSE:OGS traded up $0.52 on Tuesday, hitting $67.12. 326,729 shares of the company’s stock traded hands, compared to its average volume of 434,588. The company has a current ratio of 0.47, a quick ratio of 0.39 and a debt-to-equity ratio of 0.76. ONE Gas has a 1 year low of $55.50 and a 1 year high of $78.03. The firm has a 50-day moving average price of $63.91 and a 200-day moving average price of $62.84. The company has a market cap of $3.80 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 3.62 and a beta of 0.66.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $354.14 million during the quarter, compared to the consensus estimate of $362.06 million. ONE Gas had a net margin of 10.86% and a return on equity of 8.37%. The company’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. Equities analysts anticipate that ONE Gas will post 3.85 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be given a dividend of $0.66 per share. The ex-dividend date is Wednesday, August 14th. This represents a $2.64 dividend on an annualized basis and a yield of 3.93%. ONE Gas’s payout ratio is currently 65.19%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OGS. Morgan Stanley cut their target price on ONE Gas from $61.00 to $58.00 and set an equal weight rating for the company in a research note on Monday, June 24th. UBS Group began coverage on ONE Gas in a research note on Friday, April 12th. They issued a sell rating and a $61.00 target price for the company. StockNews.com lowered ONE Gas from a hold rating to a sell rating in a research note on Saturday, July 20th. Finally, Mizuho upped their target price on ONE Gas from $64.00 to $65.00 and gave the company a neutral rating in a research note on Wednesday, June 5th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $64.69.

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.