ONE Gas (OGS) to Release Quarterly Earnings on Monday

ONE Gas (NYSE:OGS) is scheduled to be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce 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.Parties interested in registering for the company’s conference call can do so using this link.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, meeting analysts’ consensus estimates of $1.27. The company had revenue of $605.90 million during the quarter, compared to analysts’ expectations of $751.77 million. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. ONE Gas’s revenue was down 26.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 EPS. 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

ONE Gas stock opened at $65.40 on Friday. The business has a 50 day moving average of $62.80 and a 200-day moving average of $62.11. The company has a market capitalization of $3.70 billion, a P/E ratio of 15.80, a P/E/G ratio of 3.37 and a beta of 0.65. ONE Gas has a 1 year low of $55.50 and a 1 year 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.

Analysts Set New Price Targets

OGS has been the subject of several recent analyst reports. UBS Group initiated coverage on shares of ONE Gas in a research report on Friday, April 12th. They set a “sell” rating and a $61.00 price objective for the company. Wells Fargo & Company lifted their price objective on ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Mizuho upped 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. Morgan Stanley lifted their target price on ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Finally, LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 price target on the stock in a report on Tuesday, March 5th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, ONE Gas 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.