Q3 2016 EPS Estimates for ONE Gas Inc. Lifted by Jefferies Group (OGS)
ONE Gas Inc. (NYSE:OGS) – Stock analysts at Jefferies Group upped their Q3 2016 earnings per share (EPS) estimates for ONE Gas in a research note issued to investors on Thursday. Jefferies Group analyst C. Sighinolfi now anticipates that the brokerage will post earnings per share of $0.25 for the quarter, up from their previous estimate of $0.22. Jefferies Group currently has a “Hold” rating and a $53.00 target price on the stock. Jefferies Group also issued estimates for ONE Gas’ Q4 2016 earnings at $0.80 EPS, FY2016 earnings at $2.65 EPS, FY2017 earnings at $2.76 EPS and FY2019 earnings at $2.96 EPS.
ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.07. ONE Gas had a return on equity of 7.12% and a net margin of 9.61%. The company earned $245.92 million during the quarter, compared to analyst estimates of $289.73 million. During the same period in the previous year, the business earned $0.23 EPS. ONE Gas’s quarterly revenue was down 4.2% on a year-over-year basis.
Other equities analysts have also issued research reports about the company. BB&T Corp. assumed coverage on ONE Gas in a report on Wednesday, June 22nd. They set a “hold” rating on the stock. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Wednesday, July 13th. Finally, Wells Fargo & Co. assumed coverage on ONE Gas in a report on Tuesday, August 30th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $59.00.
Shares of ONE Gas (NYSE:OGS) opened at 59.46 on Friday. ONE Gas has a 1-year low of $45.57 and a 1-year high of $67.35. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 23.90 and a beta of 0.11. The firm’s 50-day moving average price is $61.07 and its 200 day moving average price is $61.60.
In related news, Director Eduardo A. Rodriguez sold 1,325 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $60.96, for a total value of $80,772.00. Following the completion of the sale, the director now owns 8,060 shares in the company, valued at $491,337.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.25% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its stake in ONE Gas by 50.1% in the first quarter. Goldman Sachs Group Inc. now owns 206,384 shares of the company’s stock worth $12,610,000 after buying an additional 68,916 shares during the last quarter. BlackRock Group LTD increased its stake in ONE Gas by 18.2% in the first quarter. BlackRock Group LTD now owns 61,857 shares of the company’s stock worth $3,779,000 after buying an additional 9,545 shares during the last quarter. State Street Corp increased its stake in ONE Gas by 0.5% in the first quarter. State Street Corp now owns 1,717,404 shares of the company’s stock worth $104,933,000 after buying an additional 8,601 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in ONE Gas by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,506,006 shares of the company’s stock worth $92,017,000 after buying an additional 24,210 shares during the last quarter. Finally, Societe Generale bought a new stake in ONE Gas during the second quarter worth about $1,501,000. Hedge funds and other institutional investors own 71.73% of the company’s stock.
ONE Gas Company Profile
ONE Gas, Inc is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma, Kansas and Texas. The Company operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers.
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