Q3 2017 Earnings Estimate for EOG Resources, Inc. Issued By Jefferies Group (EOG)
EOG Resources, Inc. (NYSE:EOG) – Stock analysts at Jefferies Group lowered their Q3 2017 earnings estimates for EOG Resources in a report issued on Wednesday. Jefferies Group analyst M. Hsu now anticipates that the energy exploration company will post earnings per share of $0.32 for the quarter, down from their prior forecast of $0.39. Jefferies Group currently has a “Hold” rating and a $95.00 target price on the stock. Jefferies Group also issued estimates for EOG Resources’ Q4 2017 earnings at $0.43 EPS, Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.44 EPS and Q3 2018 earnings at $0.54 EPS.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Monday, May 8th. The energy exploration company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. EOG Resources had a negative net margin of 6.70% and a negative return on equity of 2.69%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the company earned ($0.83) EPS. The business’s quarterly revenue was up 92.8% compared to the same quarter last year.
TRADEMARK VIOLATION WARNING: This story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/07/20/q3-2017-earnings-estimate-for-eog-resources-inc-issued-by-jefferies-group-eog.html.
A number of other research analysts have also weighed in on the stock. FBR & Co set a $122.00 target price on shares of EOG Resources and gave the company an “outperform” rating in a report on Wednesday, May 17th. Scotiabank set a $104.00 target price on shares of EOG Resources and gave the company a “hold” rating in a report on Monday, March 27th. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 target price on shares of EOG Resources in a report on Friday, May 26th. Piper Jaffray Companies reissued an “overweight” rating and issued a $114.00 target price on shares of EOG Resources in a report on Wednesday, May 31st. Finally, BidaskClub raised shares of EOG Resources from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $108.59.
EOG Resources (NYSE:EOG) opened at 94.31 on Thursday. The stock’s market cap is $54.44 billion. EOG Resources has a 1-year low of $78.04 and a 1-year high of $109.37. The firm has a 50-day moving average of $89.64 and a 200-day moving average of $95.45.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 17th will be given a $0.1675 dividend. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $0.67 dividend on an annualized basis and a yield of 0.71%. EOG Resources’s dividend payout ratio is currently -62.04%.
A number of large investors have recently modified their holdings of the stock. Trust Co raised its position in EOG Resources by 0.8% in the fourth quarter. Trust Co now owns 3,403 shares of the energy exploration company’s stock worth $344,000 after buying an additional 26 shares during the period. Waverton Investment Management Ltd raised its position in EOG Resources by 5.2% in the first quarter. Waverton Investment Management Ltd now owns 674,943 shares of the energy exploration company’s stock worth $65,841,000 after buying an additional 33,173 shares during the period. Macquarie Group Ltd. raised its position in EOG Resources by 44.2% in the fourth quarter. Macquarie Group Ltd. now owns 376,004 shares of the energy exploration company’s stock worth $38,014,000 after buying an additional 115,176 shares during the period. Hills Bank & Trust Co. raised its position in EOG Resources by 1.1% in the first quarter. Hills Bank & Trust Co. now owns 19,574 shares of the energy exploration company’s stock worth $1,909,000 after buying an additional 213 shares during the period. Finally, Boltwood Capital Management raised its position in EOG Resources by 10.8% in the first quarter. Boltwood Capital Management now owns 5,385 shares of the energy exploration company’s stock worth $525,000 after buying an additional 525 shares during the period. Hedge funds and other institutional investors own 84.86% of the company’s stock.
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.
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.