EOG Resources Inc (NYSE:EOG) – Investment analysts at SunTrust Banks decreased their FY2019 earnings estimates for shares of EOG Resources in a research note issued to investors on Wednesday, June 12th. SunTrust Banks analyst N. Dingmann now anticipates that the energy exploration company will earn $5.41 per share for the year, down from their prior forecast of $5.43. SunTrust Banks currently has a “Buy” rating and a $120.00 price target on the stock. SunTrust Banks also issued estimates for EOG Resources’ FY2020 earnings at $6.64 EPS.
Other research analysts also recently issued research reports about the stock. KeyCorp raised their price target on shares of EOG Resources from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Thursday, May 9th. Tudor Pickering upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Susquehanna Bancshares upgraded shares of EOG Resources from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $107.00 to $115.00 in a report on Monday, May 6th. Finally, Morgan Stanley set a $108.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $121.44.
EOG Resources stock opened at $86.49 on Friday. The firm has a market cap of $49.35 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.05 and a beta of 1.29. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. EOG Resources has a 1-year low of $80.41 and a 1-year high of $133.53.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.16. The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.92 billion. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. EOG Resources’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Valeo Financial Advisors LLC grew its position in EOG Resources by 76.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 113 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in EOG Resources by 131.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 156 shares during the last quarter. WealthBridge Capital Management LLC acquired a new stake in EOG Resources in the 1st quarter worth $27,000. Guidant Wealth Advisors grew its position in EOG Resources by 50.5% in the 1st quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after purchasing an additional 101 shares during the last quarter. Finally, Essex Savings Bank grew its position in EOG Resources by 87.0% in the 1st quarter. Essex Savings Bank now owns 430 shares of the energy exploration company’s stock worth $41,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 86.80% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 1.33%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, July 16th. EOG Resources’s dividend payout ratio (DPR) is currently 15.88%.
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 People's Republic of China, and Canada.
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