Revenue Update on ONE Gas Inc(NYSE:OGS)

ONE Gas Inc(NYSE:OGS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $245.92M. Analysts estimated a revenue of $289.73M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.31.

In a different note, On Jul 25, 2016, Jefferies said it Downgrades its rating on ONE Gas Inc. The shares have been rated ‘Underperform’ by the firm. BB&T Capital said it Initiates Coverage on ONE Gas Inc, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Hold’ by the firm.

ONE Gas Inc (OGS) shares turned negative on Mondays trading session with the shares closing down -0.13 points or -0.20% at a volume of 1,22,985. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $63.9. The peak price level was also seen at $63.9 while the days lowest was $62.68. Finally the shares closed at $63.39. The 52-week high of the shares is $67.35 while the 52-week low is $41.23. According to the latest information available, the market cap of the company is $3,312 M.

ONE Gas Inc has also declared a cash dividend of $0.3500 on Jul 25, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed on Aug 15, 2016. The dividend payable date has been fixed on Sep 1, 2016.

Several Insider Transactions has been reported to the SEC. On Mar 28, 2016, Eduardo A Rodriguez (director) sold 1,825 shares at $59.32 per share price.Also, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *