EOG Resources, Inc. Expected to Post Q1 2019 Earnings of $0.69 Per Share (EOG)
EOG Resources, Inc. (NYSE:EOG) – Equities researchers at Jefferies Group issued their Q1 2019 earnings per share estimates for shares of EOG Resources in a note issued to investors on Monday. Jefferies Group analyst M. Lear expects that the energy exploration company will post earnings of $0.69 per share for the quarter. Jefferies Group has a “Hold” rating and a $95.00 price target on the stock. Jefferies Group also issued estimates for EOG Resources’ Q2 2019 earnings at $0.73 EPS and Q3 2019 earnings at $0.77 EPS.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) 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 analysts’ expectations of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. EOG Resources’s revenue was up 47.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.38) earnings per share.
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Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 target price on shares of EOG Resources in a research note on Friday, July 14th. BMO Capital Markets reissued a “buy” rating and issued a $95.00 target price on shares of EOG Resources in a research note on Friday, August 4th. Scotiabank set a $100.00 target price on EOG Resources and gave the stock a “hold” rating in a research note on Saturday, July 1st. Royal Bank Of Canada set a $115.00 target price on EOG Resources and gave the stock a “hold” rating in a research note on Sunday, July 16th. Finally, BidaskClub raised EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have issued a buy rating to the company’s stock. EOG Resources currently has an average rating of “Buy” and an average target price of $108.54.
EOG Resources (NYSE EOG) traded down 0.31% during trading on Wednesday, reaching $96.48. 915,232 shares of the company’s stock were exchanged. EOG Resources has a 12 month low of $81.99 and a 12 month high of $109.37. The firm has a 50 day moving average of $91.14 and a 200-day moving average of $91.64. The stock’s market cap is $55.71 billion.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be given a $0.1675 dividend. The ex-dividend date of this dividend is Monday, October 16th. This represents a $0.67 annualized dividend and a yield of 0.69%. EOG Resources’s payout ratio is -131.37%.
In other news, Director Charles R. Crisp sold 3,411 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.03, for a total value of $330,969.33. Following the transaction, the director now owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the transaction, the executive vice president now directly owns 70,987 shares in the company, valued at approximately $6,262,473.14. The disclosure for this sale can be found here. Insiders sold 38,578 shares of company stock worth $3,700,882 over the last three months. Insiders own 0.53% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Israel Discount Bank of New York bought a new position in shares of EOG Resources in the first quarter worth about $556,000. Usca Ria LLC raised its stake in shares of EOG Resources by 232.2% in the second quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock worth $1,417,000 after buying an additional 10,939 shares during the period. AlphaMark Advisors LLC raised its stake in shares of EOG Resources by 4.8% in the second quarter. AlphaMark Advisors LLC now owns 41,163 shares of the energy exploration company’s stock worth $3,726,000 after buying an additional 1,895 shares during the period. Analyst IMS Investment Management Services Ltd. raised its stake in shares of EOG Resources by 9.8% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 12,606 shares of the energy exploration company’s stock worth $1,141,000 after buying an additional 1,120 shares during the period. Finally, Utah Retirement Systems raised its stake in shares of EOG Resources by 5.0% in the second quarter. Utah Retirement Systems now owns 105,752 shares of the energy exploration company’s stock worth $9,573,000 after buying an additional 5,000 shares during the period. 85.37% of the stock is currently owned by hedge funds and other institutional investors.
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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