ONE Gas (NYSE:OGS) Releases FY24 Earnings Guidance

ONE Gas (NYSE:OGS) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $3.85-$3.95 for the period, compared to the consensus EPS estimate of $3.87.

ONE Gas Stock Performance

Shares of NYSE OGS traded down $0.07 during mid-day trading on Monday, hitting $69.97. The company had a trading volume of 431,762 shares, compared to its average volume of 402,048. The stock’s 50-day moving average price is $72.06 and its 200-day moving average price is $67.14. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 3.69 and a beta of 0.67. The company has a current ratio of 0.41, a quick ratio of 0.32 and a debt-to-equity ratio of 0.76. ONE Gas has a 1 year low of $55.50 and a 1 year high of $74.99.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, August 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $354.14 million during the quarter, compared to analysts’ expectations of $362.06 million. ONE Gas had a return on equity of 8.04% and a net margin of 10.83%. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 earnings per share. On average, sell-side analysts forecast that ONE Gas will post 3.86 earnings per share for the current year.

Wall Street Analyst Weigh In

OGS has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Finally, Wells Fargo & Company increased their price objective on ONE Gas from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, ONE Gas presently has an average rating of “Hold” and a consensus price target of $68.30.

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.