ONE Gas (OGS) Scheduled to Post Quarterly Earnings on Monday

ONE Gas (NYSE:OGS) is scheduled to issue its quarterly earnings data 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.Persons interested in registering for the company’s earnings 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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.27. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The company had revenue of $605.90 million during the quarter, compared to the consensus estimate of $751.77 million. During the same period in the prior year, the business earned $1.23 earnings per share. The company’s revenue for the quarter was down 26.0% compared to the same quarter last year. 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 Trading Down 0.7 %

NYSE OGS opened at $65.45 on Friday. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 3.42 and a beta of 0.65. ONE Gas has a twelve month low of $55.50 and a twelve month high of $83.89. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 0.78. The business’s fifty day moving average is $62.80 and its 200 day moving average is $62.06.

Analysts Set New Price Targets

OGS has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. UBS Group initiated coverage on ONE Gas in a research report on Friday, April 12th. They issued a “sell” rating and a $61.00 price target on the stock. Mizuho lifted their price objective on ONE Gas from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $64.50 target price on the stock in a report on Tuesday, March 5th. Finally, Wells Fargo & Company raised their price target on shares of ONE Gas from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $64.56.

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.