EOG Resources (EOG) Scheduled to Post Earnings on Thursday

EOG Resources (NYSE:EOG) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect EOG Resources to post earnings of $2.68 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.30 earnings per share. On average, analysts expect EOG Resources to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

EOG Resources Stock Performance

NYSE EOG opened at $132.13 on Wednesday. The company’s 50 day simple moving average is $126.53 and its two-hundred day simple moving average is $122.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. EOG Resources has a 1 year low of $106.32 and a 1 year high of $139.67. The stock has a market capitalization of $76.00 billion, a PE ratio of 10.16 and a beta of 1.40.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were given a $0.91 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.75%. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EOG. Mizuho raised their price target on EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 15th. Stifel Nicolaus dropped their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. TD Securities decreased their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. TD Cowen raised their price objective on shares of EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Citigroup upped their target price on shares of EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus target price of $142.27.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.