EOG Resources, Inc. (NYSE:EOG) – Equities researchers at US Capital Advisors lowered their Q2 2017 earnings per share estimates for EOG Resources in a research report issued on Tuesday. US Capital Advisors analyst C. Horwitz now anticipates that the energy exploration company will post earnings of $0.07 per share for the quarter, down from their prior estimate of $0.10. US Capital Advisors also issued estimates for EOG Resources’ Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.21 EPS and Q4 2018 earnings at $0.24 EPS.

A number of other research firms have also weighed in on EOG. Sanford C. Bernstein restated an “outperform” rating on shares of EOG Resources in a report on Friday, July 7th. Stifel Nicolaus restated a “buy” rating and set a $111.00 target price on shares of EOG Resources in a report on Friday, July 14th. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Citigroup Inc. lowered EOG Resources from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $112.00 to $98.00 in a report on Friday, July 21st. Finally, Royal Bank Of Canada set a $115.00 target price on EOG Resources and gave the stock a “hold” rating in a report on Sunday, July 16th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have given a buy rating to the company. EOG Resources currently has an average rating of “Buy” and a consensus target price of $109.27.

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EOG Resources (NYSE:EOG) opened at 94.87 on Wednesday. EOG Resources has a 52-week low of $78.04 and a 52-week high of $109.37. The company’s 50-day moving average price is $89.91 and its 200-day moving average price is $95.22. The company’s market cap is $54.77 billion.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Monday, May 8th. The energy exploration company reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. EOG Resources had a negative return on equity of 2.69% and a negative net margin of 6.70%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the company earned ($0.83) EPS. The firm’s revenue for the quarter was up 92.8% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be issued a dividend of $0.1675 per share. The ex-dividend date is Thursday, July 13th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.71%. EOG Resources’s dividend payout ratio is currently -62.04%.

Several hedge funds have recently made changes to their positions in EOG. BlackRock Inc. increased its stake in shares of EOG Resources by 2,098.0% in the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock worth $3,486,473,000 after buying an additional 34,114,299 shares in the last quarter. Jennison Associates LLC increased its stake in shares of EOG Resources by 35.3% in the first quarter. Jennison Associates LLC now owns 6,971,347 shares of the energy exploration company’s stock worth $680,055,000 after buying an additional 1,816,980 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of EOG Resources by 218.4% in the first quarter. Janus Capital Management LLC now owns 1,176,906 shares of the energy exploration company’s stock worth $114,807,000 after buying an additional 807,243 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of EOG Resources by 124.6% in the first quarter. Point72 Asset Management L.P. now owns 1,333,534 shares of the energy exploration company’s stock worth $130,086,000 after buying an additional 739,890 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of EOG Resources by 18.3% in the first quarter. Morgan Stanley now owns 3,976,148 shares of the energy exploration company’s stock worth $387,872,000 after buying an additional 614,945 shares in the last quarter. Institutional investors and hedge funds own 84.91% 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.

Earnings History and Estimates for EOG Resources (NYSE:EOG)

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