ONE Gas, Inc. (NYSE:OGS) Expected to Earn FY2024 Earnings of $3.88 Per Share

ONE Gas, Inc. (NYSE:OGSFree Report) – Research analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for ONE Gas in a research report issued on Monday, February 5th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $3.88 per share for the year, down from their previous forecast of $3.91. The consensus estimate for ONE Gas’ current full-year earnings is $4.14 per share. Zacks Research also issued estimates for ONE Gas’ Q4 2024 earnings at $1.14 EPS, Q2 2025 earnings at $0.57 EPS, Q3 2025 earnings at $0.46 EPS and FY2025 earnings at $4.13 EPS.

Several other research firms have also recently weighed in on OGS. Mizuho decreased their price objective on shares of ONE Gas from $67.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, December 1st. Bank of America lowered ONE Gas from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $80.00 to $60.00 in a research note on Wednesday, October 25th. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. TheStreet lowered ONE Gas from a “b-” rating to a “c+” rating in a research note on Monday, October 16th. Finally, Wells Fargo & Company cut their target price on ONE Gas from $81.00 to $77.00 and set an “equal weight” rating for the company in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, ONE Gas has a consensus rating of “Hold” and a consensus price target of $68.00.

Read Our Latest Stock Report on OGS

ONE Gas Stock Up 2.6 %

OGS stock opened at $60.27 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.23 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $62.02 and its 200 day moving average is $66.92. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 3.03 and a beta of 0.66. ONE Gas has a 1-year low of $55.50 and a 1-year high of $83.89.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 23rd will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Thursday, February 22nd. This is an increase from ONE Gas’s previous quarterly dividend of $0.65. ONE Gas’s dividend payout ratio is currently 63.41%.

Hedge Funds Weigh In On ONE Gas

Hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its holdings in shares of ONE Gas by 8.6% during the second quarter. Janney Montgomery Scott LLC now owns 3,758 shares of the utilities provider’s stock valued at $289,000 after acquiring an additional 297 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in ONE Gas by 1.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,734 shares of the utilities provider’s stock worth $1,823,000 after purchasing an additional 383 shares in the last quarter. IFM Investors Pty Ltd bought a new position in ONE Gas in the second quarter worth $524,000. Linden Thomas Advisory Services LLC bought a new position in ONE Gas in the second quarter worth $1,143,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in ONE Gas by 1.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 16,047 shares of the utilities provider’s stock worth $1,233,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

About ONE Gas

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for ONE Gas (NYSE:OGS)

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