ONE Gas (NYSE:OGS) Issues Earnings Results, Misses Expectations By $0.12 EPS

by · The Cerbat Gem

ONE Gas (NYSE:OGS – Get Free Report) issued its quarterly earnings results on Monday. The utilities provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.12), Zacks reports. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%. ONE Gas updated its FY 2025 guidance to 4.340-4.400 EPS.

ONE Gas Trading Up 1.6%

NYSE:OGS traded up $1.32 on Monday, hitting $81.51. The stock had a trading volume of 658,650 shares, compared to its average volume of 497,386. The company has a fifty day moving average price of $78.58 and a two-hundred day moving average price of $75.99. ONE Gas has a 1-year low of $66.38 and a 1-year high of $83.39. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 3.17 and a beta of 0.85.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OGS. Osaic Holdings Inc. raised its position in ONE Gas by 12.7% in the second quarter. Osaic Holdings Inc. now owns 5,698 shares of the utilities provider’s stock valued at $410,000 after purchasing an additional 643 shares during the period. Thrivent Financial for Lutherans increased its position in shares of ONE Gas by 6.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,111 shares of the utilities provider’s stock worth $1,014,000 after purchasing an additional 828 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in ONE Gas by 14.3% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 80,098 shares of the utilities provider’s stock valued at $5,760,000 after buying an additional 10,035 shares during the period. Tower Research Capital LLC TRC lifted its position in ONE Gas by 226.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,228 shares of the utilities provider’s stock valued at $663,000 after buying an additional 6,403 shares during the last quarter. Finally, Vident Advisory LLC lifted its position in ONE Gas by 45.0% in the second quarter. Vident Advisory LLC now owns 4,409 shares of the utilities provider’s stock valued at $317,000 after buying an additional 1,369 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OGS has been the subject of several research analyst reports. Morgan Stanley restated an “outperform” rating and set a $72.00 price target on shares of ONE Gas in a research report on Wednesday, October 22nd. Jefferies Financial Group boosted their price objective on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Mizuho upgraded ONE Gas from a “neutral” rating to an “outperform” rating and raised their target price for the company from $77.00 to $86.00 in a research report on Friday, September 26th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ONE Gas in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.69.

Check Out Our Latest Stock Report on ONE Gas

ONE Gas Company Profile

(Get Free Report)

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.

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