EOG Resources, Inc. (NYSE:EOG) to Post Q4 2024 Earnings of $3.43 Per Share, Roth Capital Forecasts

EOG Resources, Inc. (NYSE:EOG) – Stock analysts at Roth Capital decreased their Q4 2024 EPS estimates for EOG Resources in a research report issued to clients and investors on Thursday, May 2nd. Roth Capital analyst L. Mariani now expects that the energy exploration company will earn $3.43 per share for the quarter, down from their previous forecast of $3.48. The consensus estimate for EOG Resources’ current full-year earnings is $12.14 per share. Roth Capital also issued estimates for EOG Resources’ Q1 2025 earnings at $3.33 EPS, Q2 2025 earnings at $3.20 EPS, Q3 2025 earnings at $3.40 EPS, Q4 2025 earnings at $3.75 EPS and FY2025 earnings at $13.68 EPS.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.69 earnings per share.

Other equities research analysts have also issued reports about the stock. TD Cowen lifted their price target on shares of EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Mizuho increased their price target on EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Barclays started coverage on EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective on the stock. Stifel Nicolaus lowered their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Finally, TD Securities cut their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $142.27.

EOG Resources Trading Up 0.4 %

NYSE:EOG opened at $130.48 on Monday. The business has a 50 day moving average price of $127.84 and a two-hundred day moving average price of $122.35. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The company has a market cap of $74.99 billion, a P/E ratio of 10.31 and a beta of 1.38. EOG Resources has a twelve month low of $106.32 and a twelve month high of $139.67.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Institutional Trading of EOG Resources

A number of institutional investors have recently bought and sold shares of the business. McIlrath & Eck LLC lifted its position in EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares during the period. Peoples Bank KS bought a new stake in shares of EOG Resources during the 3rd quarter worth approximately $31,000. Exchange Traded Concepts LLC boosted its position in shares of EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares in the last quarter. Sachetta LLC bought a new position in EOG Resources in the fourth quarter valued at approximately $33,000. Finally, Norwood Financial Corp acquired a new position in EOG Resources during the first quarter valued at approximately $37,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

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.