ONE Gas (NYSE:OGS) released its earnings results on Monday. The utilities provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04, MarketWatch Earnings reports. ONE Gas had a return on equity of 8.85% and a net margin of 10.80%. The business had revenue of $238.28 million for the quarter, compared to the consensus estimate of $250.60 million. During the same quarter last year, the business posted $0.36 earnings per share. ONE Gas updated its FY 2018 guidance to $3.15-3.35 EPS and its FY18 guidance to $3.15-3.35 EPS.
ONE Gas stock traded down $0.54 during trading on Tuesday, reaching $80.69. 4,182 shares of the company were exchanged, compared to its average volume of 211,258. ONE Gas has a 52-week low of $62.20 and a 52-week high of $85.22. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 4.33 and a beta of 0.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.36 and a current ratio of 0.47.
In related news, Director Arcilia Acosta acquired 1,265 shares of ONE Gas stock in a transaction that occurred on Thursday, August 30th. The shares were purchased at an average price of $78.94 per share, for a total transaction of $99,859.10. Following the completion of the transaction, the director now owns 2,277 shares in the company, valued at approximately $179,746.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.62% of the company’s stock.
ONE Gas Company Profile
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.