ONE Gas, Inc. (OGS) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS
ONE Gas, Inc. (NYSE:OGS) announced its earnings results on Monday. The utilities provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08, Bloomberg Earnings reports. ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. During the same quarter in the prior year, the company posted $0.24 EPS. ONE Gas updated its FY17 guidance to $2.94-$3.04 EPS.
ONE Gas (OGS) traded down 1.09% on Monday, hitting $75.60. 144,777 shares of the company were exchanged. The stock has a market cap of $3.95 billion, a PE ratio of 26.34 and a beta of 0.10. The firm has a 50 day moving average of $74.78 and a 200-day moving average of $72.27. ONE Gas has a 52-week low of $56.64 and a 52-week high of $76.59.
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Several equities research analysts recently weighed in on the stock. BidaskClub raised shares of ONE Gas from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Morgan Stanley upped their target price on shares of ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded shares of ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. UBS AG downgraded shares of ONE Gas from a “neutral” rating to a “sell” rating and increased their price objective for the company from $71.00 to $72.00 in a research report on Monday, October 2nd. Finally, Jefferies Group LLC reissued a “sell” rating and issued a $62.00 price objective on shares of ONE Gas in a research report on Sunday, September 10th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. ONE Gas currently has an average rating of “Hold” and an average price target of $67.50.
ONE Gas Company Profile
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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