ONE Gas (OGS) to Release Quarterly Earnings on Monday

ONE Gas (NYSE:OGS) is set to announce its earnings results 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.Parties that wish to register for the company’s conference call can do so using this link.

ONE Gas (NYSE:OGS) last released its earnings results on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, hitting the consensus estimate of $1.27. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The business had revenue of $605.90 million for the quarter, compared to the consensus estimate of $751.77 million. During the same period in the previous year, the company posted $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 $65.40 on Friday. ONE Gas has a 52 week low of $55.50 and a 52 week high of $83.89. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 3.37 and a beta of 0.65. The company’s 50 day moving average price is $62.80 and its 200-day moving average price is $62.11. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 0.78.

Analyst Upgrades and Downgrades

OGS has been the topic of a number of research analyst reports. UBS Group initiated coverage on ONE Gas in a report on Friday, April 12th. They set a “sell” rating and a $61.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of ONE Gas from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. 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. Morgan Stanley upped their price objective on ONE Gas from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Finally, Mizuho lifted their target price on ONE Gas from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, April 19th. Three equities 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. Based on data from MarketBeat.com, the company currently has a consensus 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.