Q4 2017 EPS Estimates for ONE Gas Inc Raised by Seaport Global Securities (OGS)
ONE Gas Inc (NYSE:OGS) – Equities researchers at Seaport Global Securities lifted their Q4 2017 earnings per share estimates for shares of ONE Gas in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Levin now anticipates that the utilities provider will post earnings of $0.89 per share for the quarter, up from their prior estimate of $0.86. Seaport Global Securities also issued estimates for ONE Gas’ FY2018 earnings at $3.08 EPS and FY2019 earnings at $3.22 EPS.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Wednesday, November 8th. Morgan Stanley boosted their target price on shares of ONE Gas from $72.00 to $75.00 and gave the stock an “underweight” rating in a report on Wednesday, December 13th. Jefferies Group restated a “sell” rating and issued a $63.00 target price on shares of ONE Gas in a report on Wednesday, December 20th. Finally, UBS Group downgraded shares of ONE Gas from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $71.00 to $72.00 in a report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $73.75.
ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, October 30th. The utilities provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The business had revenue of $247.14 million for the quarter, compared to analysts’ expectations of $242.75 million. ONE Gas had a net margin of 10.42% and a return on equity of 8.22%. During the same quarter in the previous year, the company earned $0.24 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a $0.46 dividend. The ex-dividend date is Thursday, February 22nd. This is an increase from ONE Gas’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.67%. ONE Gas’s payout ratio is 56.19%.
Several institutional investors have recently bought and sold shares of OGS. D.A. Davidson & CO. grew its holdings in ONE Gas by 1,953.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,505 shares of the utilities provider’s stock valued at $174,000 after purchasing an additional 2,383 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in ONE Gas during the 2nd quarter valued at about $243,000. Shelton Capital Management bought a new position in ONE Gas during the 2nd quarter valued at about $272,000. M&T Bank Corp grew its holdings in ONE Gas by 3.9% during the 2nd quarter. M&T Bank Corp now owns 4,018 shares of the utilities provider’s stock valued at $280,000 after purchasing an additional 150 shares during the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in ONE Gas during the 4th quarter valued at about $285,000. Hedge funds and other institutional investors own 72.76% of the company’s stock.
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About ONE Gas
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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