ONE Gas (NYSE:OGS) Releases FY24 Earnings Guidance

ONE Gas (NYSE:OGS) updated its FY24 earnings guidance on Monday. The company provided earnings per share guidance of $3.70-4.00 for the period, compared to the consensus earnings per share estimate of $3.84.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on OGS shares. Morgan Stanley cut their price target on ONE Gas from $61.00 to $58.00 and set an equal weight rating for the company in a research note on Monday, June 24th. UBS Group initiated coverage on ONE Gas in a research report on Friday, April 12th. They issued a sell rating and a $61.00 price objective on the stock. StockNews.com lowered ONE Gas from a hold rating to a sell rating in a research report on Saturday, July 20th. Finally, Mizuho boosted their price target on ONE Gas from $64.00 to $65.00 and gave the stock a neutral rating in a research note on Wednesday, June 5th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $64.69.

ONE Gas Price Performance

Shares of NYSE:OGS traded down $2.47 during trading on Monday, reaching $66.60. 522,703 shares of the company’s stock traded hands, compared to its average volume of 435,310. The company has a quick ratio of 0.39, a current ratio of 0.47 and a debt-to-equity ratio of 0.76. ONE Gas has a fifty-two week low of $55.50 and a fifty-two week high of $78.03. The firm has a market cap of $3.77 billion, a PE ratio of 17.05, a P/E/G ratio of 3.62 and a beta of 0.66. The company has a 50-day simple moving average of $63.91 and a 200-day simple moving average of $62.84.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, May 6th. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $758.32 million during the quarter, compared to analysts’ expectations of $1.05 billion. ONE Gas had a net margin of 10.86% and a return on equity of 8.37%. The firm’s revenue for the quarter was down 26.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.84 EPS. As a group, analysts predict that ONE Gas will post 3.85 earnings per share for the current year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $2.64 annualized dividend and a yield of 3.96%. ONE Gas’s dividend payout ratio is presently 65.19%.

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.