ONE Gas (NYSE:OGS) Issues FY24 Earnings Guidance

ONE Gas (NYSE:OGS) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $3.70-4.00 for the period, compared to the consensus EPS estimate of $3.86. ONE Gas also updated its FY 2024 guidance to 3.700-4.000 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. 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. UBS Group assumed coverage on ONE Gas in a research report on Friday, April 12th. They set a sell rating and a $61.00 target price for the company. LADENBURG THALM/SH SH upgraded ONE Gas from a neutral rating to a buy rating and set a $64.50 target price for the company in a research report on Tuesday, March 5th. 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, Morgan Stanley raised their price target on ONE Gas from $57.00 to $58.00 and gave the stock an equal weight rating in a research report on Thursday, March 21st. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $64.56.

ONE Gas Stock Down 1.1 %

NYSE OGS traded down $0.74 on Wednesday, reaching $64.09. 513,921 shares of the stock traded hands, compared to its average volume of 421,661. ONE Gas has a 12 month low of $55.50 and a 12 month high of $83.89. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 3.39 and a beta of 0.65. The company has a fifty day moving average price of $63.15 and a 200-day moving average price of $62.01. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.39 and a current ratio of 0.52.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $758.32 million for the quarter, compared to the consensus estimate of $1.05 billion. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. ONE Gas’s revenue for the quarter was down 26.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.84 earnings per share. As a group, research analysts forecast that ONE Gas will post 3.86 EPS for the current fiscal year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 20th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Friday, May 17th. ONE Gas’s dividend payout ratio (DPR) is currently 63.77%.

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.