ONE Gas (OGS) Issues FY18 Earnings Guidance

ONE Gas (NYSE:OGS) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.96-3.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.13.

ONE Gas (NYSE:OGS) traded down $0.12 during midday trading on Thursday, hitting $66.09. The stock had a trading volume of 89,212 shares, compared to its average volume of 248,753. ONE Gas has a 1 year low of $63.16 and a 1 year high of $79.51. The company has a market capitalization of $3,536.84, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 3.74 and a beta of 0.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 1.14.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.89 EPS for the quarter, meeting analysts’ consensus estimates of $0.89. ONE Gas had a return on equity of 8.22% and a net margin of 10.42%. The company had revenue of $462.39 million during the quarter, compared to analyst estimates of $445.30 million. During the same period in the prior year, the company earned $0.80 earnings per share. sell-side analysts forecast that ONE Gas will post 3.08 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, February 22nd. This is a positive change from ONE Gas’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 2.78%. ONE Gas’s dividend payout ratio is presently 56.19%.

OGS has been the subject of a number of research reports. Zacks Investment Research raised ONE Gas from a hold rating to a buy rating and set a $85.00 price target for the company in a research note on Wednesday, November 8th. Wells Fargo & Co set a $69.00 price target on ONE Gas and gave the company a hold rating in a research note on Tuesday, February 13th. Jefferies Group reissued a sell rating and set a $63.00 price target on shares of ONE Gas in a research note on Wednesday, December 20th. Finally, Morgan Stanley dropped their price target on ONE Gas from $69.00 to $65.00 and set an underweight rating for the company in a research note on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $70.80.

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ONE Gas Company Profile

ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.

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

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