ONE Gas (OGS) Expected to Announce Earnings on Wednesday

ONE Gas (NYSE:OGS) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect ONE Gas to post earnings of $1.34 per share and revenue of $973.58 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

ONE Gas Price Performance

NYSE:OGS opened at $70.58 on Wednesday. ONE Gas has a 52 week low of $57.74 and a 52 week high of $78.89. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 3.58 and a beta of 0.72. The company has a 50-day moving average of $70.29 and a 200-day moving average of $71.33.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.67 per share. This is a positive change from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a yield of 3.80%. The ex-dividend date is Friday, February 21st. ONE Gas’s dividend payout ratio is currently 68.75%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on OGS shares. Jefferies Financial Group decreased their target price on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Bank of America assumed coverage on shares of ONE Gas in a research report on Friday, December 13th. They set a “buy” rating and a $77.00 price target on the stock. Wells Fargo & Company dropped their price target on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus lifted their price target on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, LADENBURG THALM/SH SH downgraded shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 price objective for the company. in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $72.31.

About ONE Gas

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.