EOG Resources (EOG) Posts Quarterly Earnings Results, Beats Expectations By $0.20 EPS
EOG Resources (NYSE:EOG) issued its quarterly earnings data on Monday. The company reported $1.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.20 by $0.20, StockRatingsNetwork reports. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company posted $1.80 earnings per share. EOG Resources’s revenue was up 21.7% compared to the same quarter last year.
EOG has been the subject of a number of recent research reports. Analysts at Guggenheim raised their price target on shares of EOG Resources from $90.00 to $106.00 in a research note on Wednesday, April 23rd. On a related note, analysts at Raymond James raised their price target on shares of EOG Resources from $110.00 to $120.00 in a research note on Wednesday, April 23rd. Finally, analysts at Societe Generale raised their price target on shares of EOG Resources from $105.00 to $120.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. EOG Resources presently has a consensus rating of “Buy” and an average target price of $177.73.
EOG Resources (NYSE:EOG) traded up 2.26% during mid-day trading on Monday, hitting $99.25. The stock had a trading volume of 4,763,244 shares. EOG Resources has a 52-week low of $61.63 and a 52-week high of $105.50. The stock’s 50-day moving average is $98.41 and its 200-day moving average is $89.4. The company has a market cap of $54.214 billion and a P/E ratio of 24.14. EOG Resources also saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 7,664,079 shares, a growth of 114.0% from the March 31st total of 3,581,638 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 3,928,118 shares, the days-to-cover ratio is presently 2.0 days.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Tuesday, July 15th.
EOG Resources, Inc(NYSE:EOG) explores , develops, produces and markets crude oil and natural gas primarily in producing basins in the United States of America , Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom , The People’s Republic of China (China), the Argentine Republic (Argentina) and, from time to time, select other international areas.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.