EOG Resources Inc (NYSE:EOG) – Investment analysts at Imperial Capital boosted their Q1 2018 earnings per share estimates for shares of EOG Resources in a note issued to investors on Monday, Zacks Investment Research reports. Imperial Capital analyst I. Haas now forecasts that the energy exploration company will earn $0.44 per share for the quarter, up from their previous forecast of $0.36. Imperial Capital has a “Outperform” rating and a $120.00 price objective on the stock. Imperial Capital also issued estimates for EOG Resources’ Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.58 EPS and Q4 2018 earnings at $0.70 EPS.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. EOG Resources’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.40) EPS.
Several other equities analysts also recently commented on the company. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a research report on Monday, January 15th. Credit Suisse Group initiated coverage on EOG Resources in a research report on Monday, December 11th. They issued a “neutral” rating and a $106.00 price objective on the stock. Robert W. Baird cut their price objective on EOG Resources from $115.00 to $114.00 and set an “outperform” rating on the stock in a research report on Monday, December 18th. Citigroup raised EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Wednesday, January 3rd. Finally, Barclays increased their price target on EOG Resources from $101.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $116.52.
Shares of EOG Resources (NYSE:EOG) traded down $0.17 during trading on Tuesday, reaching $115.00. The company’s stock had a trading volume of 2,409,679 shares, compared to its average volume of 2,710,000. The company has a market cap of $66,500.00, a P/E ratio of 11,500.00, a PEG ratio of 4.41 and a beta of 0.98. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources has a 12 month low of $81.99 and a 12 month high of $119.00.
A number of institutional investors have recently added to or reduced their stakes in the business. Seaward Management Limited Partnership raised its stake in EOG Resources by 5.9% in the fourth quarter. Seaward Management Limited Partnership now owns 104,807 shares of the energy exploration company’s stock valued at $11,309,000 after buying an additional 5,859 shares during the last quarter. Investment House LLC purchased a new stake in EOG Resources in the fourth quarter valued at about $443,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in EOG Resources by 4.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 160,137 shares of the energy exploration company’s stock valued at $17,280,000 after buying an additional 6,213 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in EOG Resources by 80.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 8,643 shares of the energy exploration company’s stock valued at $933,000 after buying an additional 3,849 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in EOG Resources by 3.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 72,512 shares of the energy exploration company’s stock valued at $7,825,000 after buying an additional 2,284 shares during the last quarter. Institutional investors own 85.38% of the company’s stock.
In related news, President Gary L. Thomas sold 40,000 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the completion of the sale, the president now directly owns 1,006,461 shares in the company, valued at approximately $113,669,705.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 1,741 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $106.00, for a total value of $184,546.00. Following the sale, the executive vice president now owns 75,118 shares of the company’s stock, valued at $7,962,508. The disclosure for this sale can be found here. Insiders have sold a total of 73,048 shares of company stock valued at $8,152,193 over the last 90 days. 0.53% of the stock is currently owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be paid a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Tuesday, January 16th. EOG Resources’s dividend payout ratio (DPR) is currently 6,700.00%.
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EOG Resources Company Profile
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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