EOG Resources Inc (NYSE:EOG) – Research analysts at Piper Jaffray Companies increased their Q1 2019 EPS estimates for shares of EOG Resources in a research report issued to clients and investors on Sunday, May 20th. Piper Jaffray Companies analyst D. Kistler now forecasts that the energy exploration company will post earnings per share of $1.84 for the quarter, up from their prior forecast of $1.54. Piper Jaffray Companies has a “Buy” rating and a $122.00 price target on the stock. Piper Jaffray Companies also issued estimates for EOG Resources’ Q2 2019 earnings at $1.86 EPS, Q3 2019 earnings at $1.89 EPS, Q4 2019 earnings at $1.91 EPS and FY2019 earnings at $7.50 EPS.
Several other analysts have also recently commented on the stock. Tudor Pickering cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Thursday, May 10th. Bank of America upgraded shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Thursday, May 10th. ValuEngine upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EOG Resources from $106.00 to $113.00 and gave the company a “neutral” rating in a research note on Tuesday, May 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $122.57.
Shares of EOG Resources opened at $119.98 on Wednesday, according to Marketbeat. The company has a quick ratio of 1.06, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. EOG Resources has a 12 month low of $81.99 and a 12 month high of $128.03. The company has a market cap of $71.64 billion, a price-to-earnings ratio of 107.13, a price-to-earnings-growth ratio of 3.34 and a beta of 1.05.
EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 3rd. The energy exploration company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.39. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.51 billion. EOG Resources had a net margin of 26.00% and a return on equity of 8.19%. EOG Resources’s revenue for the quarter was up 41.0% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Atria Investments LLC increased its holdings in EOG Resources by 15.8% in the 4th quarter. Atria Investments LLC now owns 5,926 shares of the energy exploration company’s stock worth $639,000 after acquiring an additional 810 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in EOG Resources by 7.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,100,493 shares of the energy exploration company’s stock worth $226,665,000 after acquiring an additional 143,256 shares in the last quarter. Oakbrook Investments LLC purchased a new stake in EOG Resources in the 4th quarter worth $367,000. Cobiz Wealth LLC increased its holdings in EOG Resources by 0.9% in the 4th quarter. Cobiz Wealth LLC now owns 60,178 shares of the energy exploration company’s stock worth $6,494,000 after acquiring an additional 550 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in EOG Resources in the 4th quarter worth $543,000. Hedge funds and other institutional investors own 85.28% of the company’s stock.
In related news, CAO Ann D. Janssen sold 1,258 shares of the business’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $126.35, for a total value of $158,948.30. Following the completion of the transaction, the chief accounting officer now directly owns 53,828 shares in the company, valued at approximately $6,801,167.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Ann D. Janssen sold 4,816 shares of the business’s stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $117.97, for a total transaction of $568,143.52. Following the completion of the transaction, the senior vice president now owns 56,476 shares of the company’s stock, valued at $6,662,473.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,453 shares of company stock valued at $8,423,028. Company insiders own 0.51% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Saturday, July 7th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Monday, July 16th. EOG Resources’s dividend payout ratio is currently 66.07%.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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