Brokerages Anticipate ONE Gas Inc (OGS) Will Announce Quarterly Sales of $294.30 Million

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Wall Street brokerages forecast that ONE Gas Inc (NYSE:OGS) will announce sales of $294.30 million for the current quarter, according to Zacks. Two analysts have provided estimates for ONE Gas’ earnings. The lowest sales estimate is $282.60 million and the highest is $306.00 million. ONE Gas reported sales of $292.52 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.6%. The company is scheduled to report its next quarterly earnings report on Monday, July 29th.

On average, analysts expect that ONE Gas will report full year sales of $1.63 billion for the current financial year, with estimates ranging from $1.57 billion to $1.70 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.70 billion, with estimates ranging from $1.61 billion to $1.77 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for ONE Gas.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, April 29th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. ONE Gas had a return on equity of 8.56% and a net margin of 10.57%. The company had revenue of $661.00 million for the quarter, compared to analyst estimates of $625.25 million. During the same quarter in the previous year, the firm earned $1.72 earnings per share.

Several equities research analysts have weighed in on OGS shares. Zacks Investment Research downgraded ONE Gas from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Morgan Stanley lowered their price target on ONE Gas from $75.00 to $74.00 and set an “underweight” rating for the company in a report on Tuesday, February 12th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $76.67.

In other ONE Gas news, Director Eduardo A. Rodriguez sold 500 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $89.04, for a total value of $44,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.76% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in OGS. Ardevora Asset Management LLP acquired a new stake in shares of ONE Gas during the fourth quarter worth about $34,395,000. Norges Bank acquired a new stake in shares of ONE Gas during the fourth quarter worth about $30,453,000. Marshall Wace North America L.P. lifted its holdings in shares of ONE Gas by 905.6% during the third quarter. Marshall Wace North America L.P. now owns 327,703 shares of the utilities provider’s stock worth $26,963,000 after purchasing an additional 295,116 shares during the period. BlackRock Inc. lifted its holdings in shares of ONE Gas by 2.5% during the fourth quarter. BlackRock Inc. now owns 6,267,260 shares of the utilities provider’s stock worth $498,875,000 after purchasing an additional 152,104 shares during the period. Finally, Scout Investments Inc. lifted its holdings in shares of ONE Gas by 35.0% during the fourth quarter. Scout Investments Inc. now owns 580,902 shares of the utilities provider’s stock worth $46,240,000 after purchasing an additional 150,730 shares during the period. 76.08% of the stock is owned by hedge funds and other institutional investors.

OGS traded up $1.34 on Friday, hitting $88.70. The company had a trading volume of 3,659 shares, compared to its average volume of 217,289. ONE Gas has a 12-month low of $69.20 and a 12-month high of $90.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.78 and a quick ratio of 0.62. The firm has a market capitalization of $4.66 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 4.38 and a beta of 0.35.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, May 14th. ONE Gas’s dividend payout ratio is presently 61.54%.

ONE Gas Company Profile

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.

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