Brokers Set Expectations for EOG Resources Q4 Earnings

EOG Resources, Inc. (NYSE:EOG) – Zacks Research lifted their Q4 2026 earnings per share estimates for shares of EOG Resources in a report issued on Tuesday, August 18th. Zacks Research analyst Team now anticipates that the energy exploration company will post earnings per share of $3.88 for the quarter, up from their previous forecast of $3.50. Zacks Research has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $16.43 per share. Zacks Research also issued estimates for EOG Resources’ Q2 2027 earnings at $3.26 EPS, Q4 2027 earnings at $3.33 EPS, Q1 2028 earnings at $3.50 EPS and FY2028 earnings at $13.18 EPS.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.32 EPS.

Several other brokerages have also recently issued reports on EOG. UBS Group dropped their target price on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Freedom Capital lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Scotiabank upped their price objective on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $183.00 target price on shares of EOG Resources in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $156.00.

EOG Resources Stock Performance

EOG stock opened at $148.68 on Wednesday. EOG Resources has a 1-year low of $101.59 and a 1-year high of $151.87. The business has a 50-day moving average price of $137.92 and a 200 day moving average price of $134.33. The company has a market capitalization of $77.99 billion, a P/E ratio of 11.57 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s payout ratio is 31.75%.

Institutional Trading of EOG Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. BlackRock Inc. purchased a new position in EOG Resources during the second quarter valued at $5,905,587,000. Bank of New York Mellon Corp purchased a new stake in shares of EOG Resources during the 2nd quarter valued at approximately $654,899,000. Bank of America Corp DE purchased a new stake in EOG Resources in the 2nd quarter valued at about $551,321,000. Deutsche Bank AG purchased a new position in shares of EOG Resources during the 2nd quarter worth approximately $251,102,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of EOG Resources in the 2nd quarter valued at $168,029,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

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.