ONE Gas (NYSE:OGS) posted its earnings results on Sunday. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.81 by ($0.02), MarketWatch Earnings reports. ONE Gas had a return on equity of 8.69% and a net margin of 12.63%. The firm had revenue of $625.90 million during the quarter, compared to analysts’ expectations of $589.57 million. During the same quarter in the prior year, the company earned $1.72 earnings per share. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year.
Shares of OGS stock traded down $0.80 on Tuesday, hitting $79.78. 404,626 shares of the company’s stock traded hands, compared to its average volume of 279,881. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.46 and a current ratio of 0.64. ONE Gas has a one year low of $65.51 and a one year high of $86.07. The company’s fifty day simple moving average is $77.76 and its 200 day simple moving average is $75.25. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 3.39 and a beta of 0.31.
Several analysts have issued reports on the stock. Mizuho reiterated a “buy” rating and issued a $81.00 target price on shares of ONE Gas in a research note on Thursday, January 21st. Morgan Stanley raised their price objective on shares of ONE Gas from $76.00 to $77.00 and gave the company an “underweight” rating in a research report on Monday, April 26th. Bank of America restated an “underperform” rating on shares of ONE Gas in a research report on Monday, March 15th. Edward Jones started coverage on shares of ONE Gas in a research report on Tuesday, March 16th. They set a “hold” rating on the stock. Finally, UBS Group restated a “neutral” rating and set a $80.00 price objective (up previously from $79.00) on shares of ONE Gas in a research report on Monday, March 29th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $80.50.
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 provides natural gas distribution services to 2.2 million customers in three states. The company serves residential, commercial, and transportation customers.
Featured Article: Which market index is the best?
Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.