Wall Street analysts predict that EOG Resources Inc (NYSE:EOG) will post earnings of $1.20 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for EOG Resources’ earnings. The lowest EPS estimate is $0.89 and the highest is $1.54. EOG Resources posted earnings of $0.08 per share during the same quarter last year, which suggests a positive year over year growth rate of 1,400%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, August 2nd.
According to Zacks, analysts expect that EOG Resources will report full year earnings of $5.18 per share for the current financial year, with EPS estimates ranging from $3.81 to $6.05. For the next fiscal year, analysts anticipate that the company will report earnings of $6.35 per share, with EPS estimates ranging from $4.25 to $7.96. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for EOG Resources.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 3rd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.39. EOG Resources had a net margin of 26.00% and a return on equity of 8.19%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue was up 41.0% compared to the same quarter last year.
A number of research analysts have issued reports on EOG shares. Piper Jaffray Companies set a $122.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research report on Wednesday, March 14th. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Friday, March 23rd. Stifel Nicolaus set a $149.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Wednesday, March 28th. Zacks Investment Research downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 9th. Finally, Argus reissued a “buy” rating and issued a $133.00 price objective on shares of EOG Resources in a research note on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. EOG Resources has an average rating of “Buy” and a consensus price target of $127.80.
Shares of EOG Resources traded up $1.13, reaching $124.35, on Friday, Marketbeat.com reports. 1,443,689 shares of the company’s stock were exchanged, compared to its average volume of 2,691,109. EOG Resources has a twelve month low of $81.99 and a twelve month high of $128.03. The firm has a market cap of $71.98 billion, a PE ratio of 111.03, a PEG ratio of 3.18 and a beta of 1.04. The company has a quick ratio of 1.06, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Saturday, July 7th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, July 16th. EOG Resources’s dividend payout ratio (DPR) is presently 66.07%.
In other news, Director Frank G. Wisner sold 890 shares of the stock in a transaction on Monday, May 7th. The shares were sold at an average price of $115.81, for a total transaction of $103,070.90. Following the completion of the sale, the director now directly owns 118,700 shares in the company, valued at $13,746,647. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Gary L. Thomas sold 55,886 shares of the stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $118.27, for a total transaction of $6,609,637.22. Following the sale, the president now owns 1,131,797 shares of the company’s stock, valued at $133,857,631.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,203 shares of company stock valued at $15,261,714. 0.51% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Banco de Sabadell S.A acquired a new stake in EOG Resources in the fourth quarter worth $109,000. Optimum Investment Advisors acquired a new stake in EOG Resources in the first quarter worth $109,000. Clearbridge Investments LLC grew its holdings in EOG Resources by 106.6% in the fourth quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock worth $119,000 after purchasing an additional 568 shares during the period. We Are One Seven LLC acquired a new stake in EOG Resources in the fourth quarter worth $162,000. Finally, Citizens Financial Group Inc RI grew its holdings in EOG Resources by 41.8% in the first quarter. Citizens Financial Group Inc RI now owns 1,546 shares of the energy exploration company’s stock worth $162,000 after purchasing an additional 456 shares during the period. Institutional investors own 85.33% of the company’s stock.
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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