Zacks Research Has Positive Estimate for ONE Gas Q4 Earnings

ONE Gas, Inc. (NYSE:OGS) – Equities research analysts at Zacks Research upped their Q4 2024 earnings estimates for ONE Gas in a report issued on Monday, November 25th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of $1.29 for the quarter, up from their previous estimate of $1.21. The consensus estimate for ONE Gas’ current full-year earnings is $3.88 per share. Zacks Research also issued estimates for ONE Gas’ Q3 2025 earnings at $0.50 EPS, FY2025 earnings at $4.20 EPS and FY2026 earnings at $4.55 EPS.

A number of other analysts have also weighed in on the stock. StockNews.com lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Wells Fargo & Company lowered their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, Morgan Stanley lifted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, ONE Gas presently has a consensus rating of “Hold” and a consensus price target of $68.10.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $76.99 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The firm has a market cap of $4.36 billion, a P/E ratio of 20.05 and a beta of 0.67. The firm has a 50 day simple moving average of $73.69 and a 200 day simple moving average of $68.31. ONE Gas has a fifty-two week low of $55.50 and a fifty-two week high of $78.89.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The company had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS.

Institutional Trading of ONE Gas

A number of institutional investors have recently bought and sold shares of the business. Crossmark Global Holdings Inc. grew its holdings in ONE Gas by 4.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock worth $278,000 after acquiring an additional 159 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of ONE Gas by 21.7% during the second quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 174 shares in the last quarter. Tidal Investments LLC boosted its position in shares of ONE Gas by 6.1% during the first quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock worth $228,000 after purchasing an additional 206 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of ONE Gas by 42.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 710 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 210 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of ONE Gas by 0.9% during the second quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider’s stock worth $1,597,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Dividend Announcement

The firm also recently announced 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. This represents a $2.64 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Tuesday, November 19th. ONE Gas’s dividend payout ratio 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.