EOG Resources Inc (NYSE:EOG) – Investment analysts at Piper Jaffray issued their FY2019 earnings per share estimates for shares of EOG Resources in a report released on Wednesday, April 18th. Piper Jaffray analyst D. Kistler expects that the energy exploration company will post earnings per share of $6.22 for the year. Piper Jaffray currently has a “Buy” rating and a $122.00 price objective on the stock.
A number of other brokerages have also recently commented on EOG. BMO Capital Markets reaffirmed a “buy” rating and issued a $120.00 target price on shares of EOG Resources in a report on Thursday, January 11th. Argus upped their target price on shares of EOG Resources to $133.00 and gave the company a “buy” rating in a report on Monday, January 8th. UBS started coverage on shares of EOG Resources in a report on Wednesday, March 7th. They issued a “buy” rating and a $125.00 target price for the company. Stifel Nicolaus set a $149.00 target price on shares of EOG Resources and gave the company a “buy” rating in a report on Wednesday, March 28th. Finally, Jefferies Group set a $111.00 target price on shares of EOG Resources and gave the company a “hold” rating in a report on Thursday, March 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company’s stock. EOG Resources has an average rating of “Buy” and an average target price of $120.00.
Shares of NYSE:EOG opened at $113.97 on Thursday. EOG Resources has a one year low of $81.99 and a one year high of $119.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 1.03. The stock has a market capitalization of $65,299.12, a PE ratio of 101.76, a price-to-earnings-growth ratio of 3.33 and a beta of 1.05.
EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.30. EOG Resources had a net margin of 23.04% and a return on equity of 4.47%. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.03 billion.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its position in EOG Resources by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 5,644,014 shares of the energy exploration company’s stock worth $607,661,000 after buying an additional 161,514 shares during the period. Amundi Pioneer Asset Management Inc. grew its position in EOG Resources by 0.7% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,033,961 shares of the energy exploration company’s stock worth $435,304,000 after buying an additional 27,075 shares during the period. Lazard Asset Management LLC grew its position in EOG Resources by 16.9% during the fourth quarter. Lazard Asset Management LLC now owns 2,921,180 shares of the energy exploration company’s stock worth $315,223,000 after buying an additional 422,672 shares during the period. Lyrical Asset Management LP grew its position in EOG Resources by 3.4% during the fourth quarter. Lyrical Asset Management LP now owns 2,733,837 shares of the energy exploration company’s stock worth $295,008,000 after buying an additional 90,652 shares during the period. Finally, Jennison Associates LLC grew its position in EOG Resources by 9.4% during the fourth quarter. Jennison Associates LLC now owns 2,467,797 shares of the energy exploration company’s stock worth $266,300,000 after buying an additional 212,531 shares during the period. Institutional investors own 85.66% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be given a dividend of $0.185 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Friday, April 13th. EOG Resources’s dividend payout ratio is presently 66.07%.
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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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