Q3 2017 EPS Estimates for EOG Resources, Inc. (EOG) Lifted by Jefferies Group
EOG Resources, Inc. (NYSE:EOG) – Investment analysts at Jefferies Group increased their Q3 2017 earnings per share (EPS) estimates for EOG Resources in a research note issued on Monday. Jefferies Group analyst M. Hsu now expects that the energy exploration company will post earnings of $0.34 per share for the quarter, up from their previous forecast of $0.32. Jefferies Group has a “Hold” rating and a $101.00 price target on the stock. Jefferies Group also issued estimates for EOG Resources’ FY2017 earnings at $1.01 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $1.96 EPS.
Several other equities analysts also recently commented on EOG. Royal Bank Of Canada reissued a “hold” rating and issued a $109.00 target price on shares of EOG Resources in a report on Tuesday, April 25th. BMO Capital Markets reissued a “buy” rating on shares of EOG Resources in a report on Tuesday, May 9th. Wells Fargo & Company raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Wednesday, May 10th. Raymond James Financial, Inc. raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Wednesday, May 10th. Finally, Barclays PLC boosted their target price 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $108.54.
EOG Resources (EOG) opened at 84.98 on Thursday. The stock has a 50 day moving average of $91.22 and a 200-day moving average of $93.73. EOG Resources has a one year low of $84.84 and a one year high of $109.37. The company’s market cap is $49.07 billion.
EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate 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 revenue was up 47.1% on a year-over-year basis. During the same period last year, the company posted ($0.38) EPS.
Hedge funds have recently added to or reduced their stakes in the company. CAPROCK Group Inc. raised its stake in EOG Resources by 1.4% in the first quarter. CAPROCK Group Inc. now owns 4,059 shares of the energy exploration company’s stock worth $396,000 after buying an additional 58 shares during the period. Chelsea Counsel Co. raised its stake in EOG Resources by 58.2% in the first quarter. Chelsea Counsel Co. now owns 10,850 shares of the energy exploration company’s stock worth $1,059,000 after buying an additional 3,990 shares during the period. State of Alaska Department of Revenue acquired a new stake in EOG Resources during the first quarter worth $458,000. Rothschild Investment Corp IL raised its stake in EOG Resources by 51.3% in the first quarter. Rothschild Investment Corp IL now owns 6,693 shares of the energy exploration company’s stock valued at $653,000 after buying an additional 2,268 shares during the last quarter. Finally, LGT Capital Partners LTD. raised its stake in EOG Resources by 19.2% in the first quarter. LGT Capital Partners LTD. now owns 106,780 shares of the energy exploration company’s stock valued at $10,416,000 after buying an additional 17,200 shares during the last quarter. 83.25% of the stock is owned by institutional investors.
In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the sale, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by corporate insiders.
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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