EOG Resources (NYSE:EOG) Releases Earnings Results, Beats Expectations By $0.12 EPS

EOG Resources (NYSE:EOG) posted its quarterly earnings data on Thursday. The energy exploration company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.12, Briefing.com reports. EOG Resources had a return on equity of 25.11% and a net margin of 30.33%. The business had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the firm earned $2.69 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis.

EOG Resources Stock Down 1.4 %

Shares of NYSE:EOG opened at $130.02 on Friday. The firm has a fifty day moving average of $127.48 and a 200 day moving average of $122.57. EOG Resources has a 52-week low of $106.32 and a 52-week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The firm has a market capitalization of $74.79 billion, a PE ratio of 10.27 and a beta of 1.38.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Mizuho boosted their price target on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Truist Financial reduced their target price on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, April 5th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday. Raymond James reduced their price objective on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. boosted their target price on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus price target 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.