Q3 EPS Estimates for EOG Resources Boosted by Zacks Research

EOG Resources, Inc. (NYSE:EOG) – Equities researchers at Zacks Research increased their Q3 2026 EPS estimates for EOG Resources in a report issued on Tuesday, August 18th. Zacks Research analyst Team now forecasts that the energy exploration company will earn $4.42 per share for the quarter, up from their prior estimate of $3.87. 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’ FY2026 earnings at $16.78 EPS, Q1 2027 earnings at $4.08 EPS, Q3 2027 earnings at $3.35 EPS, FY2027 earnings at $14.03 EPS and Q2 2028 earnings at $3.10 EPS.

Several other analysts have also recently commented on the stock. Susquehanna restated a “positive” rating and set a $170.00 price target (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. Sanford C. Bernstein reduced their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, May 20th. Truist Financial upped their price objective on shares of EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Jefferies Financial Group restated a “buy” rating and set a $175.00 target price (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Finally, Wall Street Zen downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $155.41.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $149.54 on Thursday. EOG Resources has a 12 month low of $101.59 and a 12 month high of $151.87. The stock has a market cap of $78.44 billion, a PE ratio of 11.64 and a beta of 0.25. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $138.10 and a 200-day simple moving average of $134.59.

EOG Resources (NYSE:EOG) last released 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. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period last year, the firm posted $2.32 earnings per share. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year.

EOG Resources Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sivia Capital Partners LLC acquired a new position in EOG Resources in the second quarter valued at approximately $258,000. Quantbot Technologies LP bought a new position in EOG Resources during the second quarter worth about $349,000. Gamco Investors INC. ET AL lifted its holdings in shares of EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after purchasing an additional 4,485 shares in the last quarter. NewEdge Advisors LLC lifted its stake in EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after buying an additional 444 shares in the last quarter. Finally, Sei Investments Co. lifted its position in EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after acquiring an additional 15,250 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting EOG Resources

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Zacks Research raised its 2026 EPS forecast to $16.78 from $15.59, above the current consensus estimate of $16.43. The firm also increased its Q3 2026 estimate to $4.42 from $3.87, supporting the outlook for near-term earnings strength. EOG Resources analyst estimates
• Positive Sentiment: Longer-term revisions were also favorable: FY2027 EPS rose to $14.03 from $13.05, Q1 2027 EPS increased to $4.08 from $3.47, and Q3 2027 EPS advanced to $3.35 from $3.03. Zacks additionally raised Q4 2026, Q4 2027, Q1 2028 and FY2028 estimates.
• Positive Sentiment: The revisions reinforce EOG’s strong operating backdrop following its latest quarterly report, when the company exceeded earnings and revenue expectations and posted 57.4% year-over-year revenue growth. EOG Resources financial information
• Neutral Sentiment: Zacks maintained a Hold rating, indicating that the higher forecasts have not yet led to a more bullish formal recommendation.
• Negative Sentiment: Some estimates were reduced, including Q2 2028 EPS to $3.10 from $3.49 and Q2 2027 EPS to $3.26 from $3.33. The FY2028 forecast of $13.18 remains below projected FY2026 earnings, suggesting analysts expect earnings to moderate over time.
• Negative Sentiment: Rising Treasury yields— with the 30-year yield recently reaching a multiyear high and the 10-year yield near 4.72%—could pressure valuation for income-oriented energy stocks and raise financing costs across the sector. Dividend stocks and Treasury yields

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.