Equities analysts expect that EOG Resources Inc (NYSE:EOG) will report $1.12 earnings per share (EPS) for the current quarter, according to Zacks. Eight analysts have made estimates for EOG Resources’ earnings, with estimates ranging from $0.92 to $1.36. EOG Resources reported earnings of $1.24 per share during the same quarter last year, which indicates a negative year over year growth rate of 9.7%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 25th.
On average, analysts expect that EOG Resources will report full year earnings of $4.72 per share for the current year, with EPS estimates ranging from $4.30 to $5.08. For the next year, analysts expect that the company will report earnings of $4.65 per share, with EPS estimates ranging from $3.61 to $5.89. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow EOG Resources.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 EPS for the quarter, hitting the consensus estimate of $1.13. EOG Resources had a net margin of 16.96% and a return on equity of 13.94%. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same period in the previous year, the firm posted $1.75 EPS. The company’s revenue for the quarter was down 10.0% on a year-over-year basis.
Several equities research analysts have commented on the stock. Guggenheim set a $108.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Piper Jaffray Companies set a $111.00 target price on shares of EOG Resources and gave the company a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $109.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Co dropped their target price on shares of EOG Resources from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, KeyCorp dropped their target price on shares of EOG Resources from $110.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Eight investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $105.62.
NYSE:EOG traded down $0.86 on Thursday, hitting $70.40. 3,730,827 shares of the company’s stock were exchanged, compared to its average volume of 3,937,346. The firm has a 50-day moving average price of $70.94 and a 200-day moving average price of $81.06. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.90. EOG Resources has a 52 week low of $64.33 and a 52 week high of $108.78. The company has a market cap of $42.75 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 1.65 and a beta of 1.34.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were issued a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.63%. EOG Resources’s payout ratio is 20.76%.
A number of hedge funds have recently modified their holdings of EOG. Nuveen Asset Management LLC lifted its position in EOG Resources by 32,106.0% during the second quarter. Nuveen Asset Management LLC now owns 8,219,605 shares of the energy exploration company’s stock worth $765,738,000 after acquiring an additional 8,194,083 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in EOG Resources by 100.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock worth $1,141,521,000 after acquiring an additional 6,128,570 shares during the last quarter. BlackRock Inc. lifted its position in EOG Resources by 3.5% during the second quarter. BlackRock Inc. now owns 35,712,596 shares of the energy exploration company’s stock worth $3,326,986,000 after acquiring an additional 1,201,811 shares during the last quarter. Janus Henderson Group PLC lifted its position in EOG Resources by 60.9% during the second quarter. Janus Henderson Group PLC now owns 2,734,872 shares of the energy exploration company’s stock worth $254,785,000 after acquiring an additional 1,035,252 shares during the last quarter. Finally, Findlay Park Partners LLP lifted its position in EOG Resources by 23.3% during the third quarter. Findlay Park Partners LLP now owns 4,311,240 shares of the energy exploration company’s stock worth $319,980,000 after acquiring an additional 815,455 shares during the last quarter. Hedge funds and other institutional investors own 86.31% of the company’s stock.
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 People's Republic of China, and Canada.
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