ONE Gas (NYSE:OGS) Issues Quarterly Earnings Results, Hits Estimates

ONE Gas (NYSE:OGS) issued its quarterly earnings data on Wednesday. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.34, Zacks reports. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%.

ONE Gas Stock Performance

Shares of OGS stock traded down $0.48 during trading on Wednesday, reaching $72.45. 608,828 shares of the company’s stock traded hands, compared to its average volume of 410,829. The firm’s 50-day moving average is $70.04 and its 200 day moving average is $71.38. The company has a market capitalization of $4.10 billion, a P/E ratio of 18.87, a PEG ratio of 3.60 and a beta of 0.72. ONE Gas has a 1 year low of $57.74 and a 1 year high of $78.89. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85.

ONE Gas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a $0.67 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.68 annualized dividend and a dividend yield of 3.70%. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. ONE Gas’s payout ratio is 68.75%.

Analyst Ratings Changes

OGS has been the subject of a number of research analyst reports. Jefferies Financial Group decreased their price target on ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. LADENBURG THALM/SH SH lowered ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price for the company. in a research report on Friday, December 6th. Stifel Nicolaus lifted their target price on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Wells Fargo & Company reduced their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Finally, Bank of America initiated coverage on shares of ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $72.31.

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.