Equities analysts expect that EOG Resources Inc (NYSE:EOG) will announce earnings per share (EPS) of $0.95 for the current quarter, Zacks reports. Four analysts have issued estimates for EOG Resources’ earnings, with the lowest EPS estimate coming in at $0.71 and the highest estimate coming in at $1.09. EOG Resources reported earnings per share of $0.15 in the same quarter last year, which would suggest a positive year-over-year growth rate of 533.3%. The business is expected to issue its next earnings report after the market closes on Thursday, May 3rd.
On average, analysts expect that EOG Resources will report full year earnings of $4.39 per share for the current fiscal year, with EPS estimates ranging from $3.23 to $5.33. For the next year, analysts forecast that the company will post earnings of $5.15 per share, with EPS estimates ranging from $3.53 to $6.12. Zacks’ EPS averages are an average based on a survey of analysts that cover EOG Resources.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.30. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.03 billion. EOG Resources had a return on equity of 4.47% and a net margin of 23.04%.
Several analysts have recently weighed in on EOG shares. Argus boosted their target price on EOG Resources to $133.00 and gave the company a “buy” rating in a report on Monday, January 8th. BMO Capital Markets reissued a “buy” rating and issued a $120.00 target price on shares of EOG Resources in a report on Thursday, January 11th. UBS started coverage on EOG Resources in a report on Wednesday, March 7th. They issued a “buy” rating and a $125.00 target price for the company. Piper Jaffray reissued a “buy” rating and issued a $118.00 target price on shares of EOG Resources in a report on Tuesday, January 9th. Finally, Stifel Nicolaus set a $149.00 target price on EOG Resources and gave the company a “buy” rating in a report on Wednesday, March 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $120.00.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its position in EOG Resources by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 424,468 shares of the energy exploration company’s stock worth $41,063,000 after purchasing an additional 1,957 shares during the period. Toronto Dominion Bank increased its position in EOG Resources by 4.1% during the 4th quarter. Toronto Dominion Bank now owns 251,719 shares of the energy exploration company’s stock worth $27,162,000 after purchasing an additional 9,840 shares during the period. Dimensional Fund Advisors LP increased its position in EOG Resources by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,245,132 shares of the energy exploration company’s stock worth $120,454,000 after purchasing an additional 49,303 shares during the period. Elefante Mark B acquired a new position in EOG Resources during the 4th quarter worth approximately $279,000. Finally, Xact Kapitalforvaltning AB increased its position in EOG Resources by 14.1% during the 4th quarter. Xact Kapitalforvaltning AB now owns 56,652 shares of the energy exploration company’s stock worth $6,113,000 after purchasing an additional 6,991 shares during the period. Institutional investors own 85.66% of the company’s stock.
NYSE EOG traded up $1.70 during trading on Friday, reaching $112.85. 4,849,339 shares of the company’s stock were exchanged, compared to its average volume of 3,694,337. The company has a market capitalization of $64,240.21, a price-to-earnings ratio of 100.76, a price-to-earnings-growth ratio of 3.31 and a beta of 1.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 1.03. EOG Resources has a 1 year low of $81.99 and a 1 year high of $119.00.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Friday, April 13th. This is a boost from EOG Resources’s previous quarterly dividend of $0.17. EOG Resources’s payout ratio is 66.07%.
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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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