EOG Resources, Inc. (NYSE:EOG) – Research analysts at Jefferies Group dropped their Q1 2018 earnings estimates for shares of EOG Resources in a research report issued on Monday. Jefferies Group analyst M. Hsu now anticipates that the energy exploration company will earn $0.31 per share for the quarter, down from their previous estimate of $0.32. Jefferies Group has a “Hold” rating and a $101.00 price objective on the stock.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter last year, the company earned ($0.38) earnings per share. The company’s quarterly revenue was up 47.1% compared to the same quarter last year.

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Other equities research analysts have also issued reports about the stock. BMO Capital Markets reiterated a “buy” rating on shares of EOG Resources in a report on Tuesday, May 9th. Royal Bank Of Canada reiterated a “hold” rating and set a $109.00 price target on shares of EOG Resources in a report on Tuesday, April 25th. Wells Fargo & Company upgraded shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Wednesday, May 10th. Scotiabank set a $100.00 price target on shares of EOG Resources and gave the company a “hold” rating in a report on Saturday, July 1st. Finally, BidaskClub lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $108.54.

EOG Resources (NYSE:EOG) traded down 1.51% during midday trading on Wednesday, hitting $85.71. 729,283 shares of the stock traded hands. The company’s market capitalization is $49.49 billion. The stock’s 50-day moving average price is $91.31 and its 200 day moving average price is $93.80. EOG Resources has a 52 week low of $85.69 and a 52 week high of $109.37.

Institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC boosted its position in 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. Winfield Associates Inc. boosted its position in EOG Resources by 1.7% in the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after buying an additional 19 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in 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 boosted its position in 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. Finally, Exane Derivatives boosted its position in 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. Institutional investors and hedge funds own 83.25% of the company’s stock.

In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $88.22, for a total transaction of $352,880.00. Following the sale, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.53% 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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