Zacks Research Has Negative Estimate for ONE Gas Q3 Earnings

Key Points

• Zacks Research has revised its Q3 2026 earnings per share estimate for ONE Gas down to $0.57, a decrease from the previous forecast of $0.59.
• Morgan Stanley set a price target of $71.00 on ONE Gas shares, while the stock currently has a moderate buy rating with an average target price of $77.64.
• ONE Gas recently announced a quarterly dividend of $0.67 per share, representing an annualized dividend yield of 3.5%.

ONE Gas, Inc. (NYSE:OGS - Free Report) - Investment analysts at Zacks Research decreased their Q3 2026 earnings estimates for ONE Gas in a research note issued to investors on Wednesday, September 10th. Zacks Research analyst Team now forecasts that the utilities provider will earn $0.57 per share for the quarter, down from their previous forecast of $0.59. The consensus estimate for ONE Gas' current full-year earnings is $4.26 per share.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The company had revenue of $423.70 million during the quarter, compared to the consensus estimate of $432.69 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. ONE Gas's revenue for the quarter was up 19.7% on a year-over-year basis. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS.

Separately, Morgan Stanley set a $71.00 target price on shares of ONE Gas and gave the company an "outperform" rating in a report on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $77.64.

ONE Gas Stock Performance

Shares of NYSE:OGS traded up $1.01 on Friday, reaching $75.70. The company's stock had a trading volume of 66,886 shares, compared to its average volume of 510,345. The stock's 50-day moving average is $74.59 and its two-hundred day moving average is $74.61. ONE Gas has a 52-week low of $66.38 and a 52-week high of $82.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.52 and a quick ratio of 0.42. The stock has a market capitalization of $4.54 billion, a P/E ratio of 18.05, a PEG ratio of 3.15 and a beta of 0.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV grew its position in ONE Gas by 21.6% during the first quarter. KBC Group NV now owns 2,697 shares of the utilities provider's stock worth $204,000 after buying an additional 479 shares during the period. Teacher Retirement System of Texas grew its position in ONE Gas by 369.2% during the first quarter. Teacher Retirement System of Texas now owns 20,172 shares of the utilities provider's stock worth $1,525,000 after buying an additional 15,873 shares during the period. GAMMA Investing LLC grew its position in ONE Gas by 102.7% during the first quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock worth $102,000 after buying an additional 682 shares during the period. Principal Financial Group Inc. grew its position in ONE Gas by 1.8% during the first quarter. Principal Financial Group Inc. now owns 178,770 shares of the utilities provider's stock worth $13,513,000 after buying an additional 3,085 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in ONE Gas during the first quarter worth about $651,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, August 18th. ONE Gas's dividend payout ratio is presently 63.96%.

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.