ONE Gas (NYSE:OGS) Updates FY25 Earnings Guidance

ONE Gas (NYSE:OGS) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.20-$4.32 for the period, compared to the consensus EPS estimate of $4.20.

ONE Gas Trading Down 1.3 %

Shares of ONE Gas stock traded down $1.01 on Wednesday, hitting $74.92. 336,397 shares of the company’s stock traded hands, compared to its average volume of 404,410. ONE Gas has a one year low of $57.74 and a one year high of $78.89. The firm’s 50-day moving average price is $74.10 and its two-hundred day moving average price is $68.86. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The stock has a market capitalization of $4.24 billion, a PE ratio of 19.51 and a beta of 0.70.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. On average, research analysts expect that ONE Gas will post 3.88 EPS for the current fiscal year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Tuesday, November 19th. ONE Gas’s dividend payout ratio is currently 68.75%.

Analyst Upgrades and Downgrades

Several research firms recently commented on OGS. Morgan Stanley upped their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company lowered their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, ONE Gas presently has a consensus rating of “Hold” and a consensus target price of $68.10.

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.