ONE Gas (OGS) Issues FY 2018 Earnings Guidance

ONE Gas (NYSE:OGS) updated its FY 2018 earnings guidance on Monday. The company provided EPS guidance of $3.15-3.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.25. ONE Gas also updated its FY18 guidance to $3.15-3.35 EPS.

Several equities research analysts recently weighed in on the company. UBS Group set a $77.00 target price on ONE Gas and gave the company a sell rating in a report on Tuesday. Jefferies Financial Group restated a $75.39 rating and set a $67.00 target price on shares of ONE Gas in a report on Wednesday, July 18th. Bank of America increased their target price on ONE Gas from $68.00 to $74.00 and gave the company an underperform rating in a report on Monday. Morgan Stanley set a $76.00 target price on ONE Gas and gave the company a sell rating in a report on Thursday, October 11th. Finally, ValuEngine upgraded ONE Gas from a hold rating to a buy rating in a report on Monday, October 8th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $76.83.

OGS stock traded up $0.86 during trading on Tuesday, hitting $82.09. 2,482 shares of the company traded hands, compared to its average volume of 211,258. The stock has a market capitalization of $4.22 billion, a PE ratio of 27.67, a P/E/G ratio of 4.33 and a beta of 0.17. ONE Gas has a 1 year low of $62.20 and a 1 year high of $85.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.47 and a quick ratio of 0.36.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, October 29th. The utilities provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $238.28 million during the quarter, compared to analysts’ expectations of $250.60 million. ONE Gas had a return on equity of 8.85% and a net margin of 10.80%. During the same period in the prior year, the business posted $0.36 EPS. Analysts anticipate that ONE Gas will post 3.25 EPS for the current year.

In other ONE Gas news, Director Arcilia Acosta acquired 1,265 shares of the company’s stock in a transaction on Thursday, August 30th. The stock was acquired at an average price of $78.94 per share, for a total transaction of $99,859.10. Following the acquisition, the director now owns 2,277 shares in the company, valued at approximately $179,746.38. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.62% of the company’s stock.

About ONE Gas

ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.

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

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