Revenue Update on ONE Gas Inc(NYSE:OGS)

ONE Gas Inc(NYSE:OGS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $440.753M. Analysts estimated a revenue of $444.730M. The revenues were -0.89% below the estimates. Earnings per share were $0.8. The reported EPS was below estimates by -1.23%. Analysts had estimated an EPS of $0.81.

In a different note, UBS said it Initiates Coverage On ONE Gas Inc, according to a research note issued on Dec 20, 2016. The shares have been rated ‘Neutral’ by the firm.

ONE Gas Inc (OGS) made into the market gainers list on Wednesdays trading session with the shares advancing 0.14% or 0.09 points. Due to strong positive momentum, the stock ended at $64.39, which is also near the day’s high of $64.65. The stock began the session at $64.04 and the volume stood at 1,89,374 shares. The 52-week high of the shares is $67.35 and the 52 week low is $55.96. The company has a current market capitalization of $3,364 M and it has 5,22,45,273 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 19, 2016, Eduardo A Rodriguez (director) sold 1,325 shares at $60.96 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.

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