Q1 2023 Earnings Estimate for ONE Gas, Inc. (NYSE:OGS) Issued By Zacks Research

Posted by on Apr 27th, 2023

ONE Gas, Inc. (NYSE:OGS – Get Rating) – Analysts at Zacks Research decreased their Q1 2023 EPS estimates for ONE Gas in a research note issued on Monday, April 24th. Zacks Research analyst J. Saha now anticipates that the utilities provider will post earnings per share of $1.87 for the quarter, down from their prior forecast of $1.89. The consensus estimate for ONE Gas’ current full-year earnings is $4.13 per share. Zacks Research also issued estimates for ONE Gas’ Q3 2023 earnings at $0.43 EPS, Q4 2023 earnings at $1.27 EPS, FY2023 earnings at $4.16 EPS, Q1 2024 earnings at $1.64 EPS, Q3 2024 earnings at $0.64 EPS, Q1 2025 earnings at $1.67 EPS and FY2025 earnings at $4.48 EPS.

ONE Gas (NYSE:OGS – Get Rating) last issued its earnings results on Wednesday, February 22nd. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. ONE Gas had a net margin of 8.60% and a return on equity of 8.93%. The firm had revenue of $818.21 million for the quarter, compared to analysts’ expectations of $670.50 million. During the same quarter last year, the company posted $1.12 earnings per share. ONE Gas’s revenue was up 37.8% on a year-over-year basis.

A number of other equities research analysts have also recently weighed in on OGS. StockNews.com began coverage on ONE Gas in a report on Thursday, March 16th. They set a “hold” rating on the stock. Morgan Stanley lifted their price target on ONE Gas from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, April 20th. Mizuho lifted their price target on ONE Gas from $80.00 to $84.00 and gave the company a “neutral” rating in a report on Tuesday, February 28th. Guggenheim raised ONE Gas from a “sell” rating to a “neutral” rating and lifted their price target for the company from $64.00 to $77.00 in a report on Monday, January 23rd. Finally, Stifel Nicolaus cut ONE Gas from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a report on Wednesday, January 11th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $78.67.

ONE Gas Stock Performance

Shares of NYSE OGS opened at $77.10 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 1.03. The firm’s 50-day moving average price is $79.31 and its two-hundred day moving average price is $78.79. ONE Gas has a 52-week low of $68.86 and a 52-week high of $89.46. The stock has a market capitalization of $4.27 billion, a P/E ratio of 18.85, a P/E/G ratio of 3.91 and a beta of 0.68.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OGS. Tanglewood Legacy Advisors LLC acquired a new position in ONE Gas in the fourth quarter worth approximately $27,000. Dark Forest Capital Management LP purchased a new position in ONE Gas during the 4th quarter worth approximately $27,000. Align Wealth Management LLC purchased a new position in ONE Gas during the 4th quarter worth approximately $31,000. Lazard Asset Management LLC purchased a new position in ONE Gas during the 4th quarter worth approximately $32,000. Finally, Wipfli Financial Advisors LLC purchased a new position in ONE Gas during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 83.34% of the company’s stock.

About ONE Gas

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ONE Gas, Inc engages in the provision of natural gas distribution services. It offers natural gas to residential, commercial, industrial, and transportation customers. The firm operates through three divisions: oklahoma natural gas, kansas gas service and texas gas service The company was founded in 1906 and is headquartered in Tulsa, OK.

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

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