EOG Resources Inc (EOG) Expected to Announce Earnings of $0.20 Per Share
Wall Street analysts expect EOG Resources Inc (NYSE:EOG) to announce earnings of $0.20 per share for the current quarter, Zacks reports. Five analysts have issued estimates for EOG Resources’ earnings, with estimates ranging from $0.09 to $0.36. EOG Resources posted earnings per share of ($0.38) during the same quarter last year, which would indicate a positive year-over-year growth rate of 152.6%. The business is expected to report its next earnings results on Thursday, August 3rd.
On average, analysts expect that EOG Resources will report full year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $1.97. For the next financial year, analysts forecast that the firm will report earnings of $2.19 per share, with EPS estimates ranging from $0.90 to $4.17. Zacks’ EPS averages are an average based on a survey of research analysts that follow EOG Resources.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Monday, May 8th. The energy exploration company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the business posted ($0.83) EPS. EOG Resources’s quarterly revenue was up 92.8% on a year-over-year basis.
A number of analysts recently weighed in on EOG shares. BMO Capital Markets reissued a “buy” rating on shares of EOG Resources in a report on Tuesday, May 9th. Tudor Pickering raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Monday, March 6th. KLR Group reissued a “buy” rating and issued a $128.00 price target on shares of EOG Resources in a report on Wednesday, March 1st. Barclays PLC reissued a “buy” rating and issued a $113.00 price target on shares of EOG Resources in a report on Friday, January 27th. Finally, Scotiabank set a $104.00 price target on shares of EOG Resources and gave the company a “hold” rating in a report on Monday, March 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. EOG Resources has an average rating of “Buy” and a consensus price target of $106.97.
EOG Resources (NYSE:EOG) traded up 0.02% during trading on Friday, reaching $91.04. The company’s stock had a trading volume of 386,550 shares. EOG Resources has a 52 week low of $78.04 and a 52 week high of $109.37. The firm has a 50-day moving average price of $93.80 and a 200-day moving average price of $98.13. The firm’s market capitalization is $52.55 billion.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 17th will be given a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.74%. The ex-dividend date is Thursday, July 13th. EOG Resources’s dividend payout ratio (DPR) is currently -29.65%.
In other EOG Resources news, Director Charles R. Crisp sold 2,593 shares of the firm’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $100.02, for a total value of $259,351.86. Following the transaction, the director now directly owns 49,613 shares of the company’s stock, valued at $4,962,292.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank G. Wisner sold 28,000 shares of the firm’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $93.35, for a total transaction of $2,613,800.00. Following the completion of the transaction, the director now directly owns 136,282 shares in the company, valued at $12,721,924.70. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Pointe Capital Management LLC bought a new stake in EOG Resources during the first quarter worth about $677,000. Boston Common Asset Management LLC raised its stake in shares of EOG Resources by 6.5% in the first quarter. Boston Common Asset Management LLC now owns 78,981 shares of the energy exploration company’s stock valued at $7,705,000 after buying an additional 4,795 shares during the last quarter. Ibex Wealth Advisors raised its stake in shares of EOG Resources by 7.3% in the first quarter. Ibex Wealth Advisors now owns 18,081 shares of the energy exploration company’s stock valued at $1,764,000 after buying an additional 1,236 shares during the last quarter. Achmea Investment Management B.V. bought a new stake in shares of EOG Resources during the first quarter valued at about $1,662,000. Finally, Bank of Nova Scotia raised its stake in shares of EOG Resources by 920.1% in the first quarter. Bank of Nova Scotia now owns 131,965 shares of the energy exploration company’s stock valued at $12,873,000 after buying an additional 119,029 shares during the last quarter. Institutional investors own 85.49% of the company’s stock.
EOG Resources Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for EOG Resources Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc and related companies with MarketBeat.com's FREE daily email newsletter.