EOG Resources, Inc. (EOG) Expected to Announce Earnings of $0.11 Per Share
Wall Street analysts expect that EOG Resources, Inc. (NYSE:EOG) will announce earnings per share (EPS) of $0.11 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for EOG Resources’ earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at $0.32. EOG Resources posted earnings per share of ($0.40) during the same quarter last year, which would indicate a positive year-over-year growth rate of 127.5%. The business is scheduled to report its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that EOG Resources will report full-year earnings of $0.56 per share for the current year, with EPS estimates ranging from $0.15 to $1.01. For the next financial year, analysts forecast that the company will post earnings of $1.34 per share, with EPS estimates ranging from ($0.09) to $4.27. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow EOG Resources.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The business’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.38) EPS.
A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 target price on shares of EOG Resources in a research note on Friday, May 26th. Scotiabank restated a “hold” rating and issued a $109.00 price target on shares of EOG Resources in a report on Tuesday, May 16th. Credit Suisse Group set a $108.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a report on Friday, June 2nd. Barclays PLC restated an “overweight” rating and issued a $101.00 price target (up from $94.00) on shares of EOG Resources in a report on Thursday. Finally, 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. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $108.23.
EOG Resources (EOG) traded up 1.74% during trading on Friday, reaching $90.45. The company’s stock had a trading volume of 3,792,200 shares. EOG Resources has a 12 month low of $79.67 and a 12 month high of $109.37. The stock’s 50-day moving average is $90.89 and its 200 day moving average is $94.81. The company’s market cap is $52.23 billion.
ILLEGAL ACTIVITY NOTICE: This piece was first published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/08/06/eog-resources-inc-eog-expected-to-announce-earnings-of-0-11-per-share.html.
Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted 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 during the last quarter. Jennison Associates LLC boosted 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 during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of EOG Resources by 9,208.1% in the second quarter. Harbour Capital Advisors LLC now owns 937,697 shares of the energy exploration company’s stock worth $10,359,000 after buying an additional 927,623 shares during the last quarter. Janus Capital Management LLC boosted 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 during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in 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. 84.95% of the stock is currently owned by institutional investors and hedge funds.
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.