ONE Gas (NYSE:OGS - Get Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 3.700-4.000 for the period, compared to the consensus estimate of 3.860. The company issued revenue guidance of -. ONE Gas also updated its FY24 guidance to $3.70-4.00 EPS.
ONE Gas Stock Down 0.6 %
OGS stock traded down $0.37 during trading on Monday, reaching $65.08. 309,184 shares of the company traded hands, compared to its average volume of 416,811. The business has a 50 day simple moving average of $62.94 and a 200 day simple moving average of $62.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.39 and a current ratio of 0.52. ONE Gas has a 12 month low of $55.50 and a 12 month high of $83.89. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 3.39 and a beta of 0.65.
ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $1.27 EPS for the quarter, meeting analysts' consensus estimates of $1.27. ONE Gas had a return on equity of 8.63% and a net margin of 9.75%. The company had revenue of $605.90 million during the quarter, compared to analysts' expectations of $751.77 million. During the same period last year, the business posted $1.23 earnings per share. The firm's revenue was down 26.0% compared to the same quarter last year. On average, equities research analysts anticipate that ONE Gas will post 3.86 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently issued reports on OGS shares. Wells Fargo & Company raised their price objective on ONE Gas from $60.00 to $63.00 and gave the stock an equal weight rating in a research note on Friday, February 23rd. LADENBURG THALM/SH SH upgraded ONE Gas from a neutral rating to a buy rating and set a $64.50 price target for the company in a research report on Tuesday, March 5th. UBS Group initiated coverage on ONE Gas in a research report on Friday, April 12th. They set a sell rating and a $61.00 price target for the company. Mizuho lifted their price target on ONE Gas from $63.00 to $64.00 and gave the company a neutral rating in a research report on Friday, April 19th. Finally, Morgan Stanley lifted their price target on ONE Gas from $57.00 to $58.00 and gave the company an equal weight rating in a research report on Thursday, March 21st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, ONE Gas has a consensus rating of Hold and an average price target of $64.56.
Read Our Latest Stock Report on ONE Gas
About ONE Gas
(
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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.
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