ONE Gas (NYSE:OGS) Posts Earnings Results, Beats Expectations By $0.06 EPS

Key Points

• ONE Gas reported quarterly EPS of $0.53, exceeding analysts’ $0.47 consensus by $0.06. Revenue totaled $391.31 million, below expectations of $398.23 million.
• Shares rose $1.34 to $79.88 in mid-day trading, while the company maintained a quarterly dividend of $0.68 per share, equating to a 3.4% annualized yield.
• Analyst sentiment remains moderately positive, with seven Buy ratings and six Holds; the average price target is $86.46, above the reported share price.

ONE Gas (NYSE:OGS - Get Free Report) posted its quarterly earnings data on Monday. The utilities provider reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.06, FiscalAI reports. The business had revenue of $391.31 million during the quarter, compared to analysts' expectations of $398.23 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.

ONE Gas Price Performance

Shares of NYSE OGS traded up $1.34 during mid-day trading on Monday, reaching $79.88. The company's stock had a trading volume of 656,914 shares, compared to its average volume of 556,527. The stock has a 50-day moving average of $76.20 and a two-hundred day moving average of $80.81. The stock has a market capitalization of $5.02 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.07 and a beta of 0.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48. ONE Gas has a 1-year low of $70.37 and a 1-year high of $90.78.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, August 17th. ONE Gas's dividend payout ratio is 58.62%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on OGS. Jefferies Financial Group cut shares of ONE Gas from a "buy" rating to a "hold" rating and dropped their price target for the company from $103.00 to $80.00 in a research note on Wednesday, October 7th. Wells Fargo & Company upgraded shares of ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 price objective for the company in a research report on Thursday, August 6th. BTIG Research set a $89.00 price objective on shares of ONE Gas in a report on Tuesday, October 20th. Scotiabank began coverage on shares of ONE Gas in a research report on Tuesday, September 29th. They issued a "sector outperform" rating and a $86.00 target price on the stock. Finally, Morgan Stanley cut their target price on shares of ONE Gas from $79.00 to $78.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 21st. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $86.46.

About ONE Gas

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