EOG Resources (NYSE:EOG) is set to post its quarterly earnings results after the market closes on Monday, February 26th. Analysts expect EOG Resources to post earnings of $0.39 per share for the quarter.
EOG Resources (NYSE EOG) opened at $108.83 on Friday. The stock has a market capitalization of $62,930.00, a price-to-earnings ratio of 10,883.00, a P/E/G ratio of 3.27 and a beta of 1.01. EOG Resources has a fifty-two week low of $81.99 and a fifty-two week high of $119.00. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were issued a $0.1675 dividend. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.62%. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.
In other EOG Resources news, CFO Timothy K. Driggers sold 8,871 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $105.45, for a total value of $935,446.95. Following the sale, the chief financial officer now directly owns 185,157 shares in the company, valued at $19,524,805.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Gary L. Thomas sold 2,000 shares of the firm’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $107.95, for a total value of $215,900.00. Following the completion of the sale, the president now owns 1,046,430 shares in the company, valued at $112,962,118.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,934 shares of company stock worth $7,820,085. 0.53% of the stock is owned by insiders.
A number of research analysts recently issued reports on the company. Zacks Investment Research lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Stifel Nicolaus set a $134.00 target price on EOG Resources and gave the company a “buy” rating in a report on Sunday, February 11th. BMO Capital Markets reiterated a “buy” rating and issued a $120.00 target price on shares of EOG Resources in a report on Thursday, January 11th. Bank of America lowered EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 target price for the company. in a report on Thursday, January 4th. They noted that the move was a valuation call. Finally, Jefferies Group set a $101.00 target price on EOG Resources and gave the company a “hold” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. EOG Resources currently has a consensus rating of “Buy” and a consensus price target of $116.64.
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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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