ONE Gas (NYSE:OGS) Releases FY 2024 Earnings Guidance

ONE Gas (NYSE:OGS) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 3.850-3.950 for the period, compared to the consensus estimate of 3.840. The company issued revenue guidance of -. ONE Gas also updated its FY24 guidance to $3.85-$3.95 EPS.

ONE Gas Price Performance

Shares of OGS stock traded down $0.65 during trading hours on Tuesday, hitting $69.32. 189,500 shares of the company’s stock were exchanged, compared to its average volume of 401,054. The stock’s 50-day moving average is $72.08 and its 200-day moving average is $67.20. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32. ONE Gas has a 52 week low of $55.50 and a 52 week high of $74.99. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 3.63 and a beta of 0.67.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.07). ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The company had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. During the same quarter in the previous year, the business posted $0.45 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. As a group, research analysts forecast that ONE Gas will post 3.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley lifted their target price on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Finally, Wells Fargo & Company raised their target price on shares of ONE Gas from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, ONE Gas presently has a consensus rating of “Hold” and a consensus price target of $68.30.

ONE Gas Company Profile

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.