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

ONE Gas (NYSE:OGS) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 3.700-4.000 for the period, compared to the consensus EPS estimate of 3.860. The company issued revenue guidance of -. ONE Gas also updated its FY24 guidance to $3.70-4.00 EPS.

ONE Gas Stock Performance

ONE Gas stock opened at $65.08 on Tuesday. The company has a market cap of $3.68 billion, a PE ratio of 15.72, a P/E/G ratio of 3.39 and a beta of 0.65. The company has a fifty day moving average price of $62.94 and a two-hundred day moving average price of $62.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.52 and a quick ratio of 0.39. ONE Gas has a 12 month low of $55.50 and a 12 month high of $83.89.

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, meeting the consensus estimate of $1.27. The company had revenue of $605.90 million during the quarter, compared to the consensus estimate of $751.77 million. ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The company’s revenue for the quarter was down 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 earnings per share. Research analysts expect that ONE Gas will post 3.86 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.