ONE Gas (NYSE:OGS) Releases FY 2024 Earnings Guidance

ONE Gas (NYSE:OGS) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 3.850-3.950 for the period, compared to the consensus estimate of 3.840. The company issued revenue guidance of -. ONE Gas also updated its FY24 guidance to $3.85-$3.95 EPS.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company lowered their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Morgan Stanley boosted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three 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 target price of $68.10.

ONE Gas Stock Performance

Shares of ONE Gas stock traded down $1.24 during trading on Thursday, hitting $73.10. 218,229 shares of the stock were exchanged, compared to its average volume of 406,976. The stock has a market cap of $4.14 billion, a PE ratio of 19.36, a P/E/G ratio of 3.62 and a beta of 0.67. The stock’s fifty day moving average is $72.24 and its 200 day moving average is $67.29. ONE Gas has a 12 month low of $55.50 and a 12 month high of $75.37. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.32 and a current ratio of 0.41.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The firm had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. During the same quarter in the prior year, the company posted $0.45 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that ONE Gas will post 3.86 EPS for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 annualized dividend and a yield of 3.61%. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.

About ONE Gas

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.