ONE Gas Inc (NYSE:OGS) – Investment analysts at Jefferies Financial Group raised their Q3 2018 EPS estimates for ONE Gas in a research note issued to investors on Friday, August 17th. Jefferies Financial Group analyst C. Sighinolfi now forecasts that the utilities provider will earn $0.31 per share for the quarter, up from their prior estimate of $0.28. Jefferies Financial Group has a “$75.39” rating and a $67.00 price target on the stock. Jefferies Financial Group also issued estimates for ONE Gas’ FY2018 earnings at $3.36 EPS.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, July 30th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The business had revenue of $292.52 million for the quarter, compared to analyst estimates of $275.30 million. ONE Gas had a net margin of 10.80% and a return on equity of 8.85%. During the same period in the prior year, the firm earned $0.39 earnings per share.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, April 25th. Morgan Stanley increased their target price on shares of ONE Gas from $70.00 to $76.00 and gave the stock an “underweight” rating in a research note on Monday, July 16th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $73.40.

Shares of NYSE OGS opened at $79.91 on Monday. The firm has a market cap of $4.03 billion, a P/E ratio of 27.09, a P/E/G ratio of 4.17 and a beta of 0.18. ONE Gas has a 12-month low of $62.20 and a 12-month high of $80.69. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.36 and a current ratio of 0.47.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. raised its holdings in ONE Gas by 385.6% during the first quarter. Meeder Asset Management Inc. now owns 1,918 shares of the utilities provider’s stock worth $127,000 after buying an additional 1,523 shares during the last quarter. Acadian Asset Management LLC acquired a new position in ONE Gas during the second quarter worth $142,000. Cullen Frost Bankers Inc. acquired a new position in ONE Gas during the first quarter worth $219,000. Quantbot Technologies LP acquired a new position in ONE Gas during the first quarter worth $241,000. Finally, Janney Montgomery Scott LLC acquired a new position in ONE Gas during the second quarter worth $245,000. Hedge funds and other institutional investors own 73.72% of the company’s stock.

In other ONE Gas news, Director Michael G. Hutchinson acquired 700 shares of the stock in a transaction on Friday, May 25th. The shares were purchased at an average price of $73.10 per share, for a total transaction of $51,170.00. Following the completion of the acquisition, the director now owns 8,630 shares in the company, valued at approximately $630,853. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.62% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Monday, August 13th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, August 10th. This represents a $1.84 annualized dividend and a yield of 2.30%. ONE Gas’s payout ratio is 62.37%.

About ONE Gas

ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.

Featured Article: Asset Allocation, Balancing Your Investments

Earnings History and Estimates for ONE Gas (NYSE:OGS)

Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with's FREE daily email newsletter.