ONE Gas (NYSE:OGS) Releases Earnings Results

ONE Gas (NYSE:OGS) posted its earnings results on Wednesday. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.34, Zacks reports. ONE Gas had a net margin of 10.52% and a return on equity of 7.71%.

ONE Gas Trading Down 0.7 %

NYSE:OGS traded down $0.48 during trading hours on Wednesday, hitting $72.45. The company had a trading volume of 608,828 shares, compared to its average volume of 410,829. ONE Gas has a 1 year low of $57.74 and a 1 year high of $78.89. The company has a market cap of $4.10 billion, a P/E ratio of 18.87, a P/E/G ratio of 3.60 and a beta of 0.72. The company has a 50-day moving average of $70.04 and a 200 day moving average of $71.38. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a dividend of $0.67 per share. This is an increase from ONE Gas’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, February 21st. This represents a $2.68 dividend on an annualized basis and a yield of 3.70%. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.

Wall Street Analyst Weigh In

OGS has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price objective on ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group decreased their target price on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Bank of America initiated coverage on shares of ONE Gas in a report on Friday, December 13th. They issued a “buy” rating and a $77.00 price target for the company. Wells Fargo & Company decreased their price target on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Finally, StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, January 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $72.31.

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.