EOG Resources Inc to Post Q1 2017 Earnings of $0.10 Per Share, Jefferies Group Forecasts (EOG)
EOG Resources Inc (NYSE:EOG) – Analysts at Jefferies Group boosted their Q1 2017 earnings per share estimates for shares of EOG Resources in a research report issued to clients and investors on Tuesday. Jefferies Group analyst M. Hsu now forecasts that the energy exploration company will post earnings per share of $0.10 for the quarter, up from their previous estimate of $0.09. Jefferies Group also issued estimates for EOG Resources’ Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $0.84 EPS, Q4 2018 earnings at $1.31 EPS and FY2018 earnings at $3.87 EPS.
Several other equities analysts also recently weighed in on the company. Royal Bank of Canada reaffirmed a “hold” rating and issued a $110.00 target price on shares of EOG Resources in a research report on Friday, April 7th. Iberia Capital lifted their target price on EOG Resources from $109.00 to $119.00 and gave the company an “outperform” rating in a research report on Monday, April 3rd. Scotiabank set a $104.00 target price on EOG Resources and gave the company a “hold” rating in a research report on Monday, March 27th. Tudor Pickering raised EOG Resources from a “hold” rating to a “buy” rating in a research report on Monday, March 6th. Finally, KLR Group reissued a “buy” rating and set a $128.00 price objective on shares of EOG Resources in a research report on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $105.96.
EOG Resources (NYSE:EOG) opened at 93.29 on Thursday. The firm’s 50-day moving average is $96.51 and its 200-day moving average is $98.38. The company’s market cap is $53.81 billion. EOG Resources has a 52-week low of $77.04 and a 52-week high of $109.37. EOG Resources also saw some unusual options trading on Monday. Stock traders acquired 1,054 call options on the stock. This is an increase of 393% compared to the typical volume of 214 call options.
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EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Monday, February 27th. The energy exploration company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.17. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the business posted ($0.27) earnings per share. The business’s revenue was up 33.7% compared to the same quarter last year.
Several hedge funds have recently made changes to their positions in the company. Baker Ellis Asset Management LLC bought a new stake in shares of EOG Resources during the third quarter worth $101,000. ClariVest Asset Management LLC bought a new stake in shares of EOG Resources during the third quarter worth $103,000. FTB Advisors Inc. boosted its stake in shares of EOG Resources by 98.3% in the third quarter. FTB Advisors Inc. now owns 1,152 shares of the energy exploration company’s stock worth $110,000 after buying an additional 571 shares in the last quarter. First Interstate Bank boosted its stake in shares of EOG Resources by 27.5% in the fourth quarter. First Interstate Bank now owns 1,165 shares of the energy exploration company’s stock worth $118,000 after buying an additional 251 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of EOG Resources during the fourth quarter worth $134,000. 85.49% of the stock is owned by institutional investors.
In other EOG Resources news, Director Frank G. Wisner sold 28,000 shares of the business’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $93.35, for a total value of $2,613,800.00. Following the transaction, the director now owns 136,282 shares in the company, valued at $12,721,924.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank G. Wisner sold 1,000 shares of the business’s stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $102.94, for a total value of $102,940.00. Following the completion of the transaction, the director now owns 107,862 shares in the company, valued at approximately $11,103,314.28. The disclosure for this sale can be found here. Insiders sold 31,593 shares of company stock worth $2,976,092 in the last 90 days. Corporate insiders own 0.52% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Thursday, April 13th will be paid a $0.1675 dividend. The ex-dividend date is Tuesday, April 11th. This represents a $0.67 dividend on an annualized basis and a yield of 0.72%. EOG Resources’s dividend payout ratio (DPR) is currently -29.65%.
About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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