U.S. stock futures edge higher ahead of Powell’s Jackson Hole speech
In a remarkable display of resilience and growth, One Gas Inc (NYSE:OGS) stock has soared to a 52-week high, reaching a price level of $79.03. The company, with a market capitalization of $4.7 billion, maintains a healthy dividend yield of 3.4% and has consistently raised its dividend for 11 consecutive years, according to InvestingPro data. This peak reflects a significant uptrend for the natural gas utility company, which has seen its stock value climb by an impressive 26.4% over the past year. Investors have shown increased confidence in One Gas, as the company continues to capitalize on the robust demand for natural gas, coupled with strategic initiatives that have bolstered its market position. The 52-week high milestone underscores the positive sentiment surrounding the stock and the company’s strong performance despite the challenges faced by the broader energy sector. Based on current metrics, InvestingPro analysis suggests the stock is trading above its Fair Value, with additional insights available in the comprehensive Pro Research Report, which offers deep-dive analysis of this and 1,400+ other US stocks.
In other recent news, ONE Gas Inc. reported its fourth-quarter 2024 earnings, revealing a slight beat on earnings per share (EPS) but a miss on revenue expectations. The company posted an EPS of $1.34, just above the $1.33 forecast, while revenue fell short at $630.7 million against an anticipated $673.72 million. Despite the revenue shortfall, ONE Gas has consistently exceeded its EPS guidance midpoint for 11 consecutive years. Additionally, the company achieved a full-year net income of $223 million, translating to $3.91 per diluted share. ONE Gas has projected a net income between $254 million and $261 million for 2025, with EPS expected to range from $4.20 to $4.32. In a separate development, Jefferies analyst Julian Dumoulin-Smith upgraded ONE Gas from Hold to Buy, raising the price target from $76 to $84. This upgrade reflects the analyst’s confidence in the company’s ability to manage macroeconomic challenges. Despite these positive developments, the consensus among sell-side analysts remains mixed, with 2 Buys, 5 Holds, and 1 Underperform rating.
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