ONE Gas (NYSE:OGS) Posts Earnings Results, Meets Expectations

ONE Gas (NYSE:OGS) released its quarterly earnings results on Wednesday. The utilities provider reported $1.34 EPS for the quarter, meeting 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 Stock Down 0.7 %

Shares of NYSE:OGS traded down $0.48 during trading hours on Wednesday, reaching $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 firm’s 50 day moving average is $70.04 and its 200-day moving average is $71.38. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 3.60 and a beta of 0.72. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50.

ONE Gas Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on OGS shares. Bank of America assumed coverage on ONE Gas in a research report on Friday, December 13th. They issued a “buy” rating and a $77.00 target price on the stock. Stifel Nicolaus upped their target price on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, December 6th. LADENBURG THALM/SH SH lowered ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price on the stock. in a research report on Friday, December 6th. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, January 18th. Finally, Jefferies Financial Group cut their price target on shares of ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently 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.