Jefferies Financial Group Weighs in on ONE Gas Inc’s Q1 2020 Earnings (OGS)

ONE Gas Inc (NYSE:OGS) – Analysts at Jefferies Financial Group lifted their Q1 2020 earnings per share estimates for ONE Gas in a research report issued to clients and investors on Monday, April 15th. Jefferies Financial Group analyst C. Sighinolfi now forecasts that the utilities provider will post earnings of $1.77 per share for the quarter, up from their prior estimate of $1.75. Jefferies Financial Group also issued estimates for ONE Gas’ Q2 2020 earnings at $0.39 EPS, Q3 2020 earnings at $0.37 EPS, Q4 2020 earnings at $1.01 EPS, FY2022 earnings at $4.21 EPS and FY2023 earnings at $4.52 EPS.

OGS has been the topic of several other reports. Zacks Investment Research reaffirmed a “hold” rating on shares of ONE Gas in a research report on Monday, December 31st. Morgan Stanley lowered their price objective on ONE Gas from $75.00 to $74.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 12th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $76.67.

OGS stock opened at $87.92 on Tuesday. The company has a market capitalization of $4.63 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 4.39 and a beta of 0.37. ONE Gas has a 12-month low of $66.22 and a 12-month high of $90.52. The company has a current ratio of 0.78, a quick ratio of 0.62 and a debt-to-equity ratio of 0.63.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Wednesday, February 20th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.01). The business had revenue of $464.47 million during the quarter, compared to the consensus estimate of $443.39 million. ONE Gas had a net margin of 10.54% and a return on equity of 8.50%. The business’s revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.89 earnings per share.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OGS. Quantamental Technologies LLC bought a new position in shares of ONE Gas during the 4th quarter valued at $127,000. Oppenheimer Asset Management Inc. bought a new position in shares of ONE Gas during the 4th quarter valued at $158,000. Virtu Financial LLC purchased a new stake in shares of ONE Gas in the 1st quarter worth $200,000. Douglass Winthrop Advisors LLC purchased a new stake in shares of ONE Gas in the 1st quarter worth $223,000. Finally, Nachman Norwood & Parrott Inc purchased a new stake in shares of ONE Gas in the 4th quarter worth $233,000. 76.09% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Eduardo A. Rodriguez sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $89.04, for a total value of $44,520.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.62% of the company’s stock.

About ONE Gas

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.

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

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