ONE Gas Inc (NYSE: OGS) has reported earnings for its first fiscal quarter (ending March 31) of $1.75 versus $1.85 for the same period a year ago — a decline of -5%. This result fell short of the consensus estimate of $1.92 by $-0.17. For the latest four quarters through March 31, E.P.S. were $4.06 versus $4.11 for the same period a year ago — a decline of -1%.
Recent Price Action
ONE Gas Inc (NYSE: OGS) stock declined slightly by -0.6% on 5/6/24. The stock closed at $65.09. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months but has risen 1.8% during the last week.
Current PriceTarget Research Rating
OGS is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
ONE Gas has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ONE Gas has a good Appreciation Score of 71 but a poor Power Rating of 27, producing the Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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