ONE Gas, Inc. (NYSE:OGS) regulated natural gas distribution utility firm, is reporting third quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.35 per share from $ 242.40 million in revenue.
For the full year, analysts predict revenues of $ 1556.43 million, while looking forward to income of $ 3.56 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,567.00 million ~ $ 1,567.00 million, where as bottomline are predicted in a range of $ 3.44 ~ $ 3.68 per share
Click Here For More Historical Outlooks Of ONE Gas, Inc.
Previous Quarter Performance
ONE Gas, Inc. announced income for the second quarter of $ 0.48 per share, from the revenue of $ 273.29 million. The quarterly earnings grew 4.35 percent compared with the same quarter last year. Wall street analysts are predicting, OGS to report 2Q20 income of $ 0.46 per share from revenue of $ 274.48 million. The bottom line results beat street analysts by $ 0.02 or 4.35 percent, at the same time, top line results fell short of analysts by $ 1.19 million or 0.43 percent.
Stock Performance
On Friday, shares of ONE Gas, Inc. has traded high as $ 69.93 and has cracked $ 68.49 on the downward trend, reaching $ 69.04 with volume of 269.00 thousand shares.
According to the previous trading day, closing price of $ 69.04, representing a 8.09 % increase from the 52 week low of $ 63.67 and a 29.03 % decrease over the 52 week high of $ 96.97.
The company has a market capital of $ 3.65 billion and is part of the Utilities sector and Utilities – Regulated Gas industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 64.00 target price.
- On 25th September 2020, upgraded by Mizuho to Buy from Neutral rating.
- On 18th September 2020, maintained by Morgan Stanley at Underweight rating, with $ 61.00 target price.
ONE Gas, Inc. operates as a regulated natural gas distribution utility company in the United States. The company operates in three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service.
