EOG Resources, Inc. (NYSE:EOG) – Stock analysts at US Capital Advisors cut their Q3 2017 EPS estimates for EOG Resources in a report released on Tuesday. US Capital Advisors analyst C. Horwitz now anticipates that the energy exploration company will earn $0.06 per share for the quarter, down from their previous estimate of $0.19. US Capital Advisors also issued estimates for EOG Resources’ Q4 2017 earnings at $0.10 EPS, FY2017 earnings at $0.38 EPS, Q1 2018 earnings at $0.17 EPS and FY2018 earnings at $0.78 EPS.

EOG Resources (NYSE:EOG) last released its earnings results 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 2.69% and a negative net margin of 6.70%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the company posted ($0.83) EPS. EOG Resources’s revenue was up 92.8% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This report was originally published by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/07/27/brokers-issue-forecasts-for-eog-resources-inc-s-q3-2017-earnings-nyseeog.html.

A number of other brokerages have also issued reports on EOG. Royal Bank Of Canada reaffirmed a “hold” rating and set a $110.00 target price on shares of EOG Resources in a research report on Friday, April 7th. Iberia Capital boosted their target price on EOG Resources from $109.00 to $119.00 and gave the company an “outperform” rating in a research note on Monday, April 3rd. UBS AG upgraded EOG Resources from a “neutral” rating to a “buy” rating and boosted their target price for the company from $106.00 to $109.00 in a research note on Thursday, March 30th. William Blair restated an “outperform” rating and issued a $115.00 target price (down previously from $125.00) on shares of EOG Resources in a research note on Thursday, May 11th. Finally, Bank of America Corporation restated a “neutral” rating and issued a $115.00 target price (down previously from $125.00) on shares of EOG Resources in a research note on Thursday, May 11th. Three research 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. The company currently has a consensus rating of “Buy” and a consensus price target of $109.27.

EOG Resources (NYSE EOG) opened at 94.75 on Thursday. The stock’s 50 day moving average price is $90.18 and its 200-day moving average price is $95.14. EOG Resources has a 12 month low of $78.26 and a 12 month high of $109.37. The firm’s market capitalization is $54.70 billion.

Several institutional investors have recently made changes to their positions in EOG. IHT Wealth Management LLC raised its position in shares of EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after buying an additional 41 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock valued at $104,000 after buying an additional 401 shares in the last quarter. Advantage Investment Management LLC raised its position in shares of EOG Resources by 16.6% in the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 154 shares in the last quarter. Winfield Associates Inc. raised its position in shares of EOG Resources by 5.3% in the first quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock valued at $111,000 after buying an additional 57 shares in the last quarter. Finally, Exane Derivatives raised its position in shares of EOG Resources by 19.8% in the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 84.91% 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.

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

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