Zacks Research Predicts Reduced Earnings for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Stock analysts at Zacks Research lowered their Q3 2026 earnings per share (EPS) estimates for EOG Resources in a research note issued to investors on Thursday, July 23rd. Zacks Research analyst Team now anticipates that the energy exploration company will post earnings per share of $3.87 for the quarter, down from their prior estimate of $4.45. Zacks Research has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $16.16 per share. Zacks Research also issued estimates for EOG Resources’ FY2026 earnings at $15.59 EPS, Q2 2027 earnings at $3.33 EPS, Q1 2028 earnings at $3.18 EPS and FY2028 earnings at $12.97 EPS.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.87 EPS.

EOG has been the subject of a number of other reports. Capital One Financial reduced their target price on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Raymond James Financial dropped their price objective on EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research note on Monday, June 22nd. Truist Financial reduced their price objective on EOG Resources from $149.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, July 1st. JPMorgan Chase & Co. reduced their price objective on EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Finally, Morgan Stanley decreased their target price on EOG Resources from $160.00 to $156.00 and set an “equal weight” rating for the company in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.32.

EOG Resources Stock Performance

Shares of EOG stock opened at $140.31 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The firm has a market cap of $74.73 billion, a price-to-earnings ratio of 13.81 and a beta of 0.25. EOG Resources has a 52 week low of $101.59 and a 52 week high of $151.87. The firm’s 50-day simple moving average is $136.70 and its two-hundred day simple moving average is $130.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EOG. Acumen Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth $25,000. SJS Investment Consulting Inc. grew its position in shares of EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares in the last quarter. Prosperity Bancshares Inc purchased a new position in shares of EOG Resources in the fourth quarter valued at $26,000. Nemes Rush Group LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at $30,000. Finally, Financial Life Planners bought a new stake in shares of EOG Resources during the 1st quarter valued at $30,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is presently 40.16%.

About EOG Resources

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.