EOG Resources, Inc. (NYSE:EOG) Scheduled to Post Quarterly Earnings on Tuesday
EOG Resources, Inc. (NYSE:EOG) is set to announce its earnings results after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
EOG Resources (NYSE:EOG) last announced its earnings results on Monday, May 8th. The energy exploration company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.19 billion. EOG Resources had a negative net margin of 6.70% and a negative return on equity of 2.69%. The firm’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.83) earnings per share. On average, analysts expect EOG Resources to post $0.89 EPS for the current fiscal year and $1.59 EPS for the next fiscal year.
Shares of EOG Resources, Inc. (NYSE EOG) opened at 93.31 on Tuesday. The company’s market capitalization is $53.86 billion. The company’s 50-day moving average is $89.91 and its 200 day moving average is $95.22. EOG Resources, Inc. has a 12 month low of $78.04 and a 12 month high of $109.37.
The business also recently disclosed 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. This represents a $0.67 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, July 13th. EOG Resources’s payout ratio is currently -62.04%.
EOG has been the topic of several research reports. Raymond James Financial, Inc. upgraded shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Wednesday, May 10th. Wells Fargo & Company upgraded shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Wednesday, May 10th. Barclays PLC increased their price target on shares of EOG Resources from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Wednesday, May 10th. William Blair reiterated an “outperform” rating and issued a $115.00 price target (down previously from $125.00) on shares of EOG Resources in a report on Thursday, May 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $111.00 price target on shares of EOG Resources in a report on Friday, May 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have assigned a buy rating to the stock. EOG Resources has an average rating of “Buy” and a consensus price target of $108.59.
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.
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