EOG Resources Q3 EPS Estimate Decreased by Zacks Research

EOG Resources, Inc. (NYSE:EOG) – Investment analysts at Zacks Research cut their Q3 2027 earnings per share (EPS) estimates for shares of EOG Resources in a report issued on Monday, July 6th. Zacks Research analyst Team now expects that the energy exploration company will post earnings of $3.12 per share for the quarter, down from their prior estimate of $3.42. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $16.23 per share. Zacks Research also issued estimates for EOG Resources’ Q4 2027 earnings at $3.22 EPS, FY2027 earnings at $13.71 EPS and Q2 2028 earnings at $3.35 EPS.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the business posted $2.87 earnings per share.

Other equities research analysts also recently issued research reports about the stock. Williams Trading set a $177.00 price objective on shares of EOG Resources in a research report on Monday, April 20th. DA Davidson lifted their target price on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Royal Bank Of Canada upped their target price on EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Wells Fargo & Company set a $196.00 price target on EOG Resources and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Mizuho set a $157.00 price objective on EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $155.25.

EOG Resources Stock Up 1.7%

Shares of NYSE:EOG opened at $131.56 on Tuesday. The stock has a market capitalization of $70.07 billion, a price-to-earnings ratio of 12.94 and a beta of 0.25. EOG Resources has a 1-year low of $101.59 and a 1-year high of $151.87. The company’s fifty day moving average is $135.71 and its two-hundred day moving average is $126.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is presently 40.16%.

Institutional Trading of EOG Resources

A number of large investors have recently added to or reduced their stakes in the business. Sivia Capital Partners LLC acquired a new position in shares of EOG Resources in the second quarter worth about $258,000. Quantbot Technologies LP purchased a new position in shares of EOG Resources during the 2nd quarter valued at $349,000. Gamco Investors INC. ET AL increased its stake in shares of EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after acquiring an additional 4,485 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after acquiring an additional 444 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of EOG Resources by 4.4% during the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after acquiring an additional 15,250 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.