Equities analysts predict that EOG Resources, Inc. (NYSE:EOG) will report earnings of $0.12 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for EOG Resources’ earnings, with estimates ranging from ($0.01) to $0.23. EOG Resources reported earnings per share of ($0.40) during the same quarter last year, which would suggest a positive year-over-year growth rate of 130%. The company is scheduled to issue its next earnings report after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that EOG Resources will report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.27 to $1.01. For the next fiscal year, analysts forecast that the business will post earnings of $1.87 per share, with EPS estimates ranging from $0.58 to $4.27. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow EOG Resources.
EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. EOG Resources’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.38) earnings per share.
A number of equities analysts have commented on the stock. Morgan Stanley set a $116.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird set a $114.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research report on Thursday, October 12th. J P Morgan Chase & Co lifted their price objective on shares of EOG Resources from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Barclays PLC lifted their price objective on shares of EOG Resources from $101.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Finally, BMO Capital Markets set a $105.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $108.68.
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In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $88.22, for a total transaction of $352,880.00. Following the completion of the transaction, the executive vice president now owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $96.63, for a total value of $2,415,750.00. Following the transaction, the insider now directly owns 1,067,465 shares of the company’s stock, valued at approximately $103,149,142.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,578 shares of company stock valued at $3,700,882. Insiders own 0.53% of the company’s stock.
Several large investors have recently added to or reduced their stakes in EOG. Waldron LP grew its holdings in shares of EOG Resources by 81.7% during the first quarter. Waldron LP now owns 4,522 shares of the energy exploration company’s stock worth $431,000 after purchasing an additional 2,033 shares during the last quarter. GWM Advisors LLC bought a new stake in shares of EOG Resources during the first quarter worth about $580,000. Pinnacle Associates Ltd. bought a new stake in shares of EOG Resources during the first quarter worth about $281,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of EOG Resources during the first quarter worth about $1,731,000. Finally, Hartree Partners LP grew its holdings in shares of EOG Resources by 61.1% during the first quarter. Hartree Partners LP now owns 65,600 shares of the energy exploration company’s stock worth $6,399,000 after purchasing an additional 24,875 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.
EOG Resources (NYSE:EOG) opened at 95.76 on Friday. The firm’s market capitalization is $55.30 billion. The company’s 50-day moving average is $93.67 and its 200 day moving average is $91.74. EOG Resources has a 1-year low of $81.99 and a 1-year high of $109.37.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be paid a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a yield of 0.70%. The ex-dividend date is Monday, October 16th. EOG Resources’s payout ratio is -131.37%.
About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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