Here's Why ONE Gas (OGS) is a Strong Growth Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
ONE Gas (OGS)
Headquartered in Tulsa, OK, ONE Gas, Inc. is a 100% regulated natural gas distribution utility. The company provides natural gas distribution services to more than 2.3 million customers in Oklahoma, Kansas and Texas. The company has been registering an increase in average customer count in these three states since 2014. As of Dec 31, 2022, it operated 44,500 miles of natural gas distribution and transmission pipelines.
OGS is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 1.2% year-over-year for the current fiscal year, with sales growth of 0.9%.
One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $4.13 per share for 2023. OGS boasts an average earnings surprise of 1.9%.
Looking at cash flow, ONE Gas is expected to report cash flow growth of 8.8% this year; OGS has generated cash flow growth of 7.9% over the past three to five years.
Investors should take the time to consider OGS for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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ONE Gas, Inc. (OGS) : Free Stock Analysis Report
