Somewhat Favorable Press Coverage Somewhat Unlikely to Impact ONE Gas (OGS) Share Price
News articles about ONE Gas (NYSE:OGS) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ONE Gas earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 45.6921136456333 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Zacks Investment Research Downgrades ONE Gas, Inc. (OGS) to Hold (americanbankingnews.com)
- Zacks: Analysts Expect ONE Gas, Inc. (OGS) Will Announce Quarterly Sales of $242.75 Million (americanbankingnews.com)
- ONE GAS, INC. : Regulation FD Disclosure (form 8-K) (4-traders.com)
- Brokerages Expect ONE Gas, Inc. (OGS) Will Post Earnings of $0.27 Per Share (americanbankingnews.com)
OGS has been the subject of a number of research reports. Morgan Stanley raised their price target on shares of ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a report on Thursday, August 10th. BidaskClub lowered shares of ONE Gas from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Zacks Investment Research raised shares of ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Thursday, July 13th. Finally, Jefferies Group LLC reissued a “sell” rating and issued a $62.00 price target on shares of ONE Gas in a report on Sunday, September 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $66.17.
Shares of ONE Gas (NYSE OGS) opened at 74.42 on Friday. The firm’s 50-day moving average is $74.63 and its 200-day moving average is $70.62. ONE Gas has a 12-month low of $55.98 and a 12-month high of $76.06. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 25.93 and a beta of 0.11.
ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). The company had revenue of $279.69 million during the quarter, compared to the consensus estimate of $257.87 million. ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. ONE Gas’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. Analysts predict that ONE Gas will post $2.98 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, August 10th. ONE Gas’s dividend payout ratio (DPR) is currently 58.54%.
ONE Gas Company Profile
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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