ONE Gas (OGS) Scheduled to Post Earnings on Monday

ONE Gas (NYSE:OGS) is scheduled to release 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.Investors interested in registering for the company’s conference call can do so using this link.

ONE Gas (NYSE:OGS) last announced its earnings results on Wednesday, February 21st. The utilities provider reported $1.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.27. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The company had revenue of $605.90 million during the quarter, compared to the consensus estimate of $751.77 million. During the same period in the previous year, the firm posted $1.23 earnings per share. The company’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 stock opened at $65.45 on Friday. The company has a 50 day moving average price of $62.80 and a 200 day moving average price of $62.06. ONE Gas has a fifty-two week low of $55.50 and a fifty-two week high of $83.89. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39. The stock has a market capitalization of $3.70 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 3.42 and a beta of 0.65.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group assumed coverage on ONE Gas in a report on Friday, April 12th. They issued a “sell” rating and a $61.00 price target on the stock. Mizuho lifted their price target on shares of ONE Gas from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. Morgan Stanley boosted their price target 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. LADENBURG THALM/SH SH raised shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price objective on the stock in a research note on Tuesday, March 5th. Finally, Wells Fargo & Company upped their target price on shares of ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $64.56.

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.