$445.30 Million in Sales Expected for ONE Gas Inc (OGS) This Quarter

Wall Street brokerages expect ONE Gas Inc (NYSE:OGS) to report sales of $445.30 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for ONE Gas’ earnings, with the lowest sales estimate coming in at $439.80 million and the highest estimate coming in at $450.80 million. ONE Gas posted sales of $440.75 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1%. The firm is expected to issue its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that ONE Gas will report full-year sales of $445.30 million for the current fiscal year, with estimates ranging from $1.47 billion to $1.53 billion. For the next year, analysts forecast that the business will post sales of $1.57 billion per share, with estimates ranging from $1.50 billion to $1.63 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for ONE Gas.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.08. The business had revenue of $247.14 million during the quarter, compared to analyst estimates of $242.75 million. ONE Gas had a return on equity of 8.22% and a net margin of 10.42%. During the same quarter last year, the business posted $0.24 EPS.

A number of equities analysts have weighed in on OGS shares. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Wednesday, November 8th. UBS Group lowered ONE Gas from a “neutral” rating to a “sell” rating and lifted their price target for the company from $71.00 to $72.00 in a research note on Monday, October 2nd. Jefferies Group restated a “sell” rating and issued a $62.00 price target on shares of ONE Gas in a research note on Sunday, September 10th. Finally, Morgan Stanley lifted their price target on ONE Gas from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Wednesday, December 13th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. ONE Gas has a consensus rating of “Hold” and an average price target of $73.75.

Several institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of ONE Gas by 5.1% in the 2nd quarter. State Street Corp now owns 1,824,509 shares of the utilities provider’s stock valued at $127,367,000 after purchasing an additional 88,740 shares in the last quarter. Northern Trust Corp increased its stake in shares of ONE Gas by 13.1% in the 2nd quarter. Northern Trust Corp now owns 1,289,191 shares of the utilities provider’s stock valued at $89,998,000 after purchasing an additional 149,153 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of ONE Gas by 41.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 692,197 shares of the utilities provider’s stock valued at $48,322,000 after purchasing an additional 203,201 shares in the last quarter. Duff & Phelps Investment Management Co. increased its stake in shares of ONE Gas by 58.5% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 540,405 shares of the utilities provider’s stock valued at $39,795,000 after purchasing an additional 199,475 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of ONE Gas by 27.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 466,754 shares of the utilities provider’s stock valued at $32,585,000 after purchasing an additional 101,420 shares in the last quarter. Hedge funds and other institutional investors own 72.76% of the company’s stock.

ONE Gas (NYSE:OGS) opened at $71.15 on Friday. The firm has a market capitalization of $3,747.51, a PE ratio of 23.80, a price-to-earnings-growth ratio of 3.91 and a beta of 0.11. ONE Gas has a 52 week low of $61.42 and a 52 week high of $79.51. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 1.14.

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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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Earnings History and Estimates for ONE Gas (NYSE:OGS)

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