ONE Gas (NYSE:OGS) Issues Quarterly Earnings Results

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

ONE Gas Price Performance

OGS traded down $0.48 during midday trading on Wednesday, hitting $72.45. The stock 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 debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. The business has a fifty day moving average of $70.04 and a 200 day moving average of $71.38. The company has a market cap of $4.10 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 3.60 and a beta of 0.72.

ONE Gas Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OGS. StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, January 18th. Jefferies Financial Group reduced their price target on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Stifel Nicolaus increased their price objective on ONE Gas from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Bank of America started coverage on ONE Gas in a research note on Friday, December 13th. They set a “buy” rating and a $77.00 price objective for the company. Finally, Wells Fargo & Company decreased their target price on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, ONE Gas presently has a consensus rating of “Hold” and a consensus target price 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.