ONE Gas, Inc. (NYSE:OGS) - Seaport Global Securities increased their Q3 2017 earnings per share (EPS) estimates for ONE Gas in a note issued to investors on Tuesday. Seaport Global Securities analyst M. Levin now forecasts that the utilities provider will post earnings per share of $0.26 for the quarter, up from their previous forecast of $0.24.
ONE Gas (NYSE:OGS) last announced its earnings results on Monday, July 31st. The utilities provider reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.03. ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. The business had revenue of $279.69 million during the quarter, compared to analyst estimates of $257.87 million. During the same quarter last year, the business posted $0.38 earnings per share. The business’s quarterly revenue was up 13.7% compared to the same quarter last year.
Other analysts also recently issued reports about the company. BidaskClub upgraded ONE Gas from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Wednesday, May 10th. Finally, Morgan Stanley upped their price objective on ONE Gas from $68.00 to $70.00 and gave the stock an “underweight” rating in a research report on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $65.33.
Shares of ONE Gas (NYSE:OGS) opened at 73.78 on Friday. The stock has a 50 day moving average price of $70.96 and a 200-day moving average price of $68.11. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 25.71 and a beta of 0.12. ONE Gas has a 52 week low of $55.98 and a 52 week high of $74.01.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.68 annualized dividend and a yield of 2.28%. ONE Gas’s dividend payout ratio is presently 58.54%.
In other ONE Gas news, Director Michael G. Hutchinson sold 1,000 shares of the stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $69.28, for a total value of $69,280.00. Following the completion of the transaction, the director now directly owns 5,838 shares in the company, valued at $404,456.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.25% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. World Asset Management Inc increased its position in ONE Gas by 0.8% in the first quarter. World Asset Management Inc now owns 3,206 shares of the utilities provider’s stock valued at $217,000 after buying an additional 25 shares in the last quarter. US Bancorp DE increased its position in ONE Gas by 0.4% in the second quarter. US Bancorp DE now owns 7,589 shares of the utilities provider’s stock valued at $530,000 after buying an additional 28 shares in the last quarter. Capstone Asset Management Co. increased its position in ONE Gas by 1.0% in the second quarter. Capstone Asset Management Co. now owns 4,152 shares of the utilities provider’s stock valued at $290,000 after buying an additional 40 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in ONE Gas by 0.8% in the first quarter. Public Employees Retirement System of Ohio now owns 12,850 shares of the utilities provider’s stock valued at $869,000 after buying an additional 104 shares in the last quarter. Finally, Suntrust Banks Inc. increased its position in ONE Gas by 1.7% in the first quarter. Suntrust Banks Inc. now owns 6,160 shares of the utilities provider’s stock valued at $415,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.
ONE Gas Company Profile
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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