ONE Gas Inc (OGS) Expected to Post Quarterly Sales of $449.85 Million

Equities analysts expect that ONE Gas Inc (NYSE:OGS) will report $449.85 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for ONE Gas’ earnings. The highest sales estimate is $466.70 million and the lowest is $433.00 million. ONE Gas reported sales of $462.39 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.7%. The company is scheduled to announce its next earnings report on Wednesday, February 20th.

On average, analysts expect that ONE Gas will report full-year sales of $1.60 billion for the current financial year, with estimates ranging from $1.54 billion to $1.64 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.64 billion, with estimates ranging from $1.57 billion to $1.69 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for ONE Gas.

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, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. ONE Gas had a return on equity of 8.63% and a net margin of 10.70%. The company had revenue of $238.28 million during the quarter, compared to the consensus estimate of $250.60 million. During the same quarter in the prior year, the business earned $0.36 earnings per share.



A number of research analysts recently commented on the company. Zacks Investment Research downgraded ONE Gas from a “hold” rating to a “sell” rating in a report on Tuesday. UBS Group set a $78.00 price target on ONE Gas and gave the company a “sell” rating in a report on Friday, December 14th. Bank of America increased their price target on ONE Gas from $68.00 to $74.00 and gave the company an “underperform” rating in a report on Monday, October 29th. Morgan Stanley set a $76.00 price target on ONE Gas and gave the company a “sell” rating in a report on Thursday, October 11th. Finally, ValuEngine raised ONE Gas from a “hold” rating to a “buy” rating in a report on Monday, October 8th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $77.00.

OGS traded down $0.93 on Friday, reaching $77.54. The company’s stock had a trading volume of 193,949 shares, compared to its average volume of 246,250. The company has a market capitalization of $4.07 billion, a P/E ratio of 26.28, a P/E/G ratio of 8.36 and a beta of 0.37. ONE Gas has a 1 year low of $62.20 and a 1 year high of $87.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.30 and a current ratio of 0.45.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Westbourne Investment Advisors Inc. acquired a new stake in ONE Gas during the third quarter valued at approximately $169,000. JNBA Financial Advisors acquired a new stake in shares of ONE Gas during the 3rd quarter worth approximately $203,000. Douglass Winthrop Advisors LLC acquired a new stake in shares of ONE Gas during the 3rd quarter worth approximately $203,000. Edgemoor Investment Advisors Inc. acquired a new stake in shares of ONE Gas during the 3rd quarter worth approximately $206,000. Finally, Wesbanco Bank Inc. acquired a new stake in shares of ONE Gas during the 3rd quarter worth approximately $215,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc engages in the provision of natural gas distribution services. It also offers natural gas to residential, commercial, industrial, and transportation customers. The company was founded in 1906 and is headquartered in Tulsa, OK.

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

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