ONE Gas (NYSE:OGS) Updates FY 2024 Earnings Guidance

ONE Gas (NYSE:OGS) 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.

Wall Street Analysts Forecast Growth

OGS has been the topic of several recent research reports. UBS Group assumed coverage on ONE Gas in a report on Friday, April 12th. They set a sell rating and a $61.00 target price on the stock. LADENBURG THALM/SH SH raised ONE Gas from a neutral rating to a buy rating and set a $64.50 price objective on the stock in a research note on Tuesday, March 5th. Mizuho upped their target price on ONE Gas from $63.00 to $64.00 and gave the company a neutral rating in a report on Friday, April 19th. Morgan Stanley lifted their price target on ONE Gas from $57.00 to $58.00 and gave the stock an equal weight rating in a report on Thursday, March 21st. Finally, Wells Fargo & Company upped their price objective on shares of ONE Gas from $60.00 to $63.00 and gave the company an equal weight rating in a report on Friday, February 23rd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $64.56.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $64.09 on Thursday. The business’s fifty day simple moving average is $63.15 and its 200-day simple moving average is $62.01. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 0.78. The firm has a market cap of $3.63 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 3.39 and a beta of 0.65. ONE Gas has a 52 week low of $55.50 and a 52 week high of $83.89.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, May 6th. The utilities provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The company had revenue of $758.32 million during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company earned $1.84 EPS. The company’s quarterly revenue was down 26.5% compared to the same quarter last year. Equities analysts forecast that ONE Gas will post 3.86 earnings per share for the current year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 20th will be given a dividend of $0.66 per share. The ex-dividend date is Friday, May 17th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.12%. ONE Gas’s payout ratio is currently 63.77%.

ONE Gas Company Profile

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.