Wall Street analysts predict that EOG Resources Inc (NYSE:EOG) will announce $1.11 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for EOG Resources’ earnings. The highest EPS estimate is $1.36 and the lowest is $0.92. EOG Resources posted earnings of $1.24 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 10.5%. The firm is scheduled to issue its next earnings report on Tuesday, February 25th.
According to Zacks, analysts expect that EOG Resources will report full year earnings of $4.71 per share for the current year, with EPS estimates ranging from $4.30 to $5.00. For the next financial year, analysts forecast that the company will post earnings of $4.66 per share, with EPS estimates ranging from $3.61 to $5.46. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow EOG Resources.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.13. The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. EOG Resources had a net margin of 16.96% and a return on equity of 13.94%. The business’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the company posted $1.75 earnings per share.
A number of research analysts have issued reports on EOG shares. TheStreet cut shares of EOG Resources from a “b-” rating to a “c” rating in a report on Thursday, August 15th. Morgan Stanley reiterated a “hold” rating and issued a $97.00 price objective on shares of EOG Resources in a research note on Wednesday, November 13th. Scotiabank began coverage on shares of EOG Resources in a research note on Tuesday, November 12th. They issued a “sector perform” rating and a $86.00 price objective on the stock. Raymond James cut their price objective on shares of EOG Resources from $105.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Oppenheimer cut their price objective on shares of EOG Resources from $111.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. Eight equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $104.55.
A number of hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC lifted its holdings in EOG Resources by 1.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 14,408 shares of the energy exploration company’s stock worth $1,342,000 after buying an additional 187 shares during the last quarter. Highland Capital Management LLC purchased a new stake in EOG Resources during the 2nd quarter worth about $3,764,000. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in EOG Resources by 71.9% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 265,383 shares of the energy exploration company’s stock worth $24,723,000 after buying an additional 111,043 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in EOG Resources by 13.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 65,344 shares of the energy exploration company’s stock worth $6,087,000 after buying an additional 7,796 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in EOG Resources by 26.9% during the 2nd quarter. Fisher Asset Management LLC now owns 266,249 shares of the energy exploration company’s stock worth $24,804,000 after buying an additional 56,452 shares during the last quarter. Institutional investors own 85.88% of the company’s stock.
Shares of NYSE EOG traded up $2.04 during midday trading on Friday, reaching $76.71. The company had a trading volume of 3,448,818 shares, compared to its average volume of 3,390,864. The business’s 50-day simple moving average is $72.40 and its 200 day simple moving average is $78.69. The stock has a market cap of $43.35 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.68 and a beta of 1.36. EOG Resources has a 1 year low of $64.33 and a 1 year high of $107.89. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 1.50%. EOG Resources’s dividend payout ratio is presently 20.76%.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company’s principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People’s Republic of China, and Canada.
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