-$0.07 Earnings Per Share Expected for EOG Resources Inc (NYSE:EOG) This Quarter

Analysts expect EOG Resources Inc (NYSE:EOG) to post earnings per share of ($0.07) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for EOG Resources’ earnings. The highest EPS estimate is $0.17 and the lowest is ($0.25). EOG Resources reported earnings of $1.31 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 105.3%. The firm is scheduled to issue its next earnings report on Thursday, August 6th.

According to Zacks, analysts expect that EOG Resources will report full year earnings of $0.12 per share for the current year, with EPS estimates ranging from ($1.26) to $0.86. For the next year, analysts anticipate that the company will post earnings of $0.43 per share, with EPS estimates ranging from ($1.68) to $4.22. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for EOG Resources.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 7th. The energy exploration company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.11). The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $3.83 billion. EOG Resources had a return on equity of 11.89% and a net margin of 11.69%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.19 EPS.

EOG has been the subject of several recent analyst reports. Edward Jones downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Credit Suisse Group upped their price target on EOG Resources from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. TD Securities increased their target price on EOG Resources from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Royal Bank of Canada decreased their target price on EOG Resources from $110.00 to $78.00 and set an “outperform” rating for the company in a research note on Tuesday, March 10th. Finally, Mizuho increased their target price on EOG Resources from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. EOG Resources currently has an average rating of “Buy” and a consensus price target of $73.17.

Shares of EOG traded down $0.04 during trading hours on Friday, hitting $52.28. 2,500,185 shares of the company were exchanged, compared to its average volume of 5,342,523. The company has a market cap of $30.45 billion, a PE ratio of 14.36, a PEG ratio of 45.47 and a beta of 1.97. The firm’s 50 day moving average is $44.89 and its 200-day moving average is $63.61. EOG Resources has a 52 week low of $27.00 and a 52 week high of $95.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.35 and a current ratio of 1.51.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.87%. EOG Resources’s payout ratio is presently 30.12%.

Institutional investors and hedge funds have recently modified their holdings of the company. Keebeck Wealth Management LLC acquired a new position in shares of EOG Resources in the 4th quarter worth approximately $36,000. Pacifica Partners Inc. acquired a new stake in EOG Resources during the 4th quarter valued at $49,000. Americana Partners LLC acquired a new stake in EOG Resources during the 4th quarter valued at $56,000. Coastal Investment Advisors Inc. increased its holdings in EOG Resources by 35.9% during the 4th quarter. Coastal Investment Advisors Inc. now owns 685 shares of the energy exploration company’s stock valued at $48,000 after purchasing an additional 181 shares in the last quarter. Finally, Engrave Wealth Partners LLC bought a new position in EOG Resources in the 4th quarter valued at $64,000. 87.04% of the stock is owned by institutional investors and hedge funds.

About EOG Resources

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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Earnings History and Estimates for EOG Resources (NYSE:EOG)

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