Equities analysts expect EOG Resources Inc (NYSE:EOG) to announce $0.90 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for EOG Resources’ earnings, with the highest EPS estimate coming in at $1.19 and the lowest estimate coming in at $0.65. EOG Resources posted earnings of $1.19 per share during the same quarter last year, which indicates a negative year over year growth rate of 24.4%. The business is expected to announce its next earnings report on Thursday, May 2nd.
According to Zacks, analysts expect that EOG Resources will report full-year earnings of $4.43 per share for the current year, with EPS estimates ranging from $2.66 to $6.67. For the next year, analysts anticipate that the business will report earnings of $5.68 per share, with EPS estimates ranging from $4.24 to $7.02. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover EOG Resources.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.10). The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.44 billion. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The business’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS.
Several research firms have recently weighed in on EOG. Robert W. Baird reaffirmed a “buy” rating and set a $133.00 price objective on shares of EOG Resources in a report on Monday, December 3rd. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. MKM Partners initiated coverage on shares of EOG Resources in a research report on Wednesday, December 5th. They set a “buy” rating and a $133.00 price target on the stock. Finally, Morgan Stanley reduced their price target on shares of EOG Resources from $133.00 to $118.00 and set a “hold” rating on the stock in a research report on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the stock. EOG Resources currently has a consensus rating of “Buy” and a consensus price target of $123.68.
In other EOG Resources news, EVP Ezra Y. Yacob sold 2,388 shares of EOG Resources stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $98.77, for a total value of $235,862.76. Following the sale, the executive vice president now directly owns 45,424 shares in the company, valued at approximately $4,486,528.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank G. Wisner sold 3,150 shares of EOG Resources stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $92.60, for a total transaction of $291,690.00. Following the completion of the sale, the director now owns 116,586 shares in the company, valued at $10,795,863.60. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of EOG. PFG Advisors bought a new stake in shares of EOG Resources during the 4th quarter worth about $1,274,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in shares of EOG Resources by 41.9% during the 4th quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 62,964 shares of the energy exploration company’s stock worth $5,606,000 after acquiring an additional 18,584 shares during the period. Resources Management Corp CT ADV bought a new stake in shares of EOG Resources during the 3rd quarter worth approximately $158,000. Intercontinental Wealth Advisors LLC bought a new stake in shares of EOG Resources during the 4th quarter worth approximately $66,000. Finally, Gagnon Securities LLC lifted its holdings in shares of EOG Resources by 5.8% during the 4th quarter. Gagnon Securities LLC now owns 3,275 shares of the energy exploration company’s stock worth $286,000 after acquiring an additional 179 shares during the period. Hedge funds and other institutional investors own 85.38% of the company’s stock.
Shares of NYSE EOG traded up $1.64 during mid-day trading on Friday, hitting $88.62. 4,186,500 shares of the stock were exchanged, compared to its average volume of 3,763,262. The firm has a market cap of $50.45 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 1.54 and a beta of 1.34. The company has a current ratio of 1.09, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. EOG Resources has a twelve month low of $82.04 and a twelve month high of $133.53.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.22 dividend. The ex-dividend date is Monday, April 15th. This represents a $0.88 annualized dividend and a yield of 0.99%. EOG Resources’s payout ratio is currently 15.88%.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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