ONE Gas Inc (OGS) Releases Earnings Results, Beats Expectations By $0.07 EPS

ONE Gas Inc (OGS) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.38 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.31. The company posted revenue of $245.92 million in the period, compared to analysts expectations of $307.84 million. The company’s revenue was down -4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on ONE Gas Inc. ONE Gas Inc was Downgraded by Jefferies to ” Underperform” on Jul 25, 2016. ONE Gas Inc was Initiated by BB&T Capital Mkts to “Hold” on Jun 22, 2016.

ONE Gas Inc opened for trading at $64.68 and hit $65.2 on the upside on Friday, eventually ending the session at $64.96, with a gain of 0.74% or 0.48 points. The heightened volatility saw the trading volume jump to 1,98,561 shares. Company has a market cap of $3,388 M.

Investors should note that on Jul 25, 2016, ONE Gas Inc announced a cash dividend of $0.3500. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 1, 2016.

In a different news, on Mar 28, 2016, Eduardo A Rodriguez (director) sold 1,825 shares at $59.32 per share price. According to the SEC, on Mar 30, 2015, Douglas H Yaeger (director) purchased 4,000 shares at $41.74 per share price.

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 provides natural gas distribution services approximately to two million customers through its divisions in Oklahoma Kansas and Texas. The Company’s distribution markets are in terms of customers are Oklahoma City and Tulsa Oklahoma; Kansas City Wichita and Topeka Kansas and Austin and El Paso Texas. The Company’s divisions include Oklahoma Natural Gas Kansas Gas Service and Texas Gas Service. Its divisions Oklahoma Natural Gas Kansas Gas Service and Texas Gas Service distribute natural gas as public utilities to approximately 87 % 72 % and 14 % of the natural gas distribution customers in Oklahoma Kansas and Texas respectively.

ONE Gas Inc

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