News stories about ONE Gas (NYSE:OGS) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ONE Gas earned a news impact score of 0.10 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 47.3929851975508 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of ONE Gas (OGS) opened at 73.99 on Friday. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 25.78 and a beta of 0.12. ONE Gas has a 52 week low of $55.98 and a 52 week high of $74.72. The firm has a 50-day moving average price of $71.51 and a 200-day moving average price of $68.62.
ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.03. The business had revenue of $279.69 million for the quarter, compared to analyst estimates of $257.87 million. ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. On average, equities analysts expect that ONE Gas will post $2.98 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.27%. The ex-dividend date is Thursday, August 10th. ONE Gas’s payout ratio is 58.54%.
A number of research firms recently commented on OGS. Morgan Stanley lifted their price objective on ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research report on Thursday. BidaskClub upgraded ONE Gas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $65.67.
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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