ONE Gas Inc (OGS) Expected to Announce Quarterly Sales of $449.85 Million

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Brokerages expect ONE Gas Inc (NYSE:OGS) to announce $449.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for ONE Gas’ earnings, with the highest sales estimate coming in at $466.70 million and the lowest estimate coming in at $433.00 million. ONE Gas reported sales of $462.39 million in the same quarter last year, which indicates a negative year over year growth rate of 2.7%. The company is expected to issue its next earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that ONE Gas will report full year sales of $1.60 billion for the current financial year, with estimates ranging from $1.54 billion to $1.64 billion. For the next year, analysts forecast that the business will report sales of $1.64 billion, with estimates ranging from $1.57 billion to $1.69 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow ONE Gas.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, October 29th. The utilities provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. ONE Gas had a net margin of 10.70% and a return on equity of 8.63%. The business had revenue of $238.28 million during the quarter, compared to analysts’ expectations of $250.60 million. During the same quarter in the previous year, the company earned $0.36 EPS.

A number of equities analysts have commented on the stock. UBS Group set a $78.00 price target on shares of ONE Gas and gave the stock a “sell” rating in a research note on Friday, December 14th. ValuEngine raised shares of ONE Gas from a “hold” rating to a “buy” rating in a research note on Monday, October 8th. Wells Fargo & Co boosted their price target on shares of ONE Gas from $78.00 to $84.00 and gave the stock a “market perform” rating in a research note on Monday, September 17th. Bank of America boosted their price target on shares of ONE Gas from $68.00 to $74.00 and gave the stock an “underperform” rating in a research note on Monday, October 29th. Finally, Morgan Stanley set a $76.00 price target on shares of ONE Gas and gave the stock a “sell” rating in a research note on Thursday, October 11th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. ONE Gas presently has an average rating of “Hold” and a consensus price target of $77.00.

Several institutional investors have recently made changes to their positions in the company. Retirement Systems of Alabama boosted its stake in shares of ONE Gas by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 68,103 shares of the utilities provider’s stock valued at $5,421,000 after purchasing an additional 234 shares in the last quarter. BlueMountain Capital Management LLC boosted its stake in shares of ONE Gas by 8.2% in the 2nd quarter. BlueMountain Capital Management LLC now owns 9,414 shares of the utilities provider’s stock valued at $704,000 after purchasing an additional 711 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of ONE Gas by 3.2% in the 3rd quarter. Bank of Montreal Can now owns 23,447 shares of the utilities provider’s stock valued at $1,929,000 after purchasing an additional 720 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of ONE Gas by 2.4% in the 3rd quarter. Arizona State Retirement System now owns 37,290 shares of the utilities provider’s stock valued at $3,068,000 after purchasing an additional 861 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its stake in shares of ONE Gas by 6.1% in the 3rd quarter. AMP Capital Investors Ltd now owns 15,753 shares of the utilities provider’s stock valued at $1,281,000 after purchasing an additional 900 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

OGS stock traded down $0.93 during midday trading on Friday, reaching $77.54. The company had a trading volume of 193,949 shares, compared to its average volume of 246,250. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.45 and a quick ratio of 0.30. ONE Gas has a 1 year low of $62.20 and a 1 year high of $87.75. The stock has a market cap of $4.07 billion, a PE ratio of 26.28, a P/E/G ratio of 8.36 and a beta of 0.37.

About ONE Gas

ONE Gas, Inc engages in the provision of natural gas distribution services. It also offers natural gas to residential, commercial, industrial, and transportation customers. The company was founded in 1906 and is headquartered in Tulsa, OK.

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