EOG Resources, Inc. (EOG) to Post Q3 2017 Earnings of $0.09 Per Share, Jefferies Group Forecasts
EOG Resources, Inc. (NYSE:EOG) – Jefferies Group issued their Q3 2017 EPS estimates for shares of EOG Resources in a research note issued to investors on Monday. Jefferies Group analyst M. Lear expects that the energy exploration company will post earnings per share of $0.09 for the quarter. Jefferies Group currently has a “Hold” rating and a $95.00 price target on the stock. Jefferies Group also issued estimates for EOG Resources’ Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $0.63 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $1.93 EPS and FY2019 earnings at $3.00 EPS.
EOG has been the subject of several other research reports. Imperial Capital started coverage on EOG Resources in a research note on Thursday, September 28th. They issued an “outperform” rating and a $115.00 price objective for the company. Morgan Stanley raised EOG Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $97.00 to $106.00 in a research report on Tuesday, September 12th. Barclays PLC reissued an “overweight” rating and set a $101.00 target price (up previously from $94.00) on shares of EOG Resources in a research report on Thursday, August 3rd. BMO Capital Markets set a $105.00 target price on EOG Resources and gave the stock a “buy” rating in a research report on Tuesday. Finally, Atlantic Securities raised EOG Resources from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $98.00 to $100.00 in a research report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have issued a buy rating to the stock. EOG Resources has an average rating of “Buy” and a consensus target price of $108.54.
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EOG Resources (EOG) opened at 96.93 on Thursday. The company’s market capitalization is $55.97 billion. The firm has a 50-day moving average of $91.50 and a 200-day moving average of $91.68. EOG Resources has a one year low of $81.99 and a one year high of $109.37.
EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The firm had revenue of $2.61 billion during 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 for the quarter was up 47.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.38) earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Waldron LP raised its holdings in shares of EOG Resources by 81.7% in the first quarter. Waldron LP now owns 4,522 shares of the energy exploration company’s stock worth $431,000 after acquiring an additional 2,033 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of EOG Resources in the first quarter worth $1,022,000. Neville Rodie & Shaw Inc. raised its holdings in shares of EOG Resources by 10.7% in the first quarter. Neville Rodie & Shaw Inc. now owns 9,361 shares of the energy exploration company’s stock worth $914,000 after acquiring an additional 905 shares during the last quarter. Airain ltd raised its holdings in shares of EOG Resources by 86.7% in the first quarter. Airain ltd now owns 115,956 shares of the energy exploration company’s stock worth $11,312,000 after acquiring an additional 53,856 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in shares of EOG Resources by 76.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 116,602 shares of the energy exploration company’s stock worth $11,375,000 after acquiring an additional 50,409 shares during the last quarter. Institutional investors own 85.37% of the company’s stock.
In other EOG Resources news, Director Charles R. Crisp sold 3,411 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $97.03, for a total transaction of $330,969.33. Following the sale, the director now directly owns 53,196 shares in the company, valued at $5,161,607.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 6,167 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $97.50, for a total value of $601,282.50. Following the sale, the executive vice president now owns 74,316 shares in the company, valued at $7,245,810. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,578 shares of company stock worth $3,700,882. 0.53% of the stock is owned by company insiders.
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 dividend of $0.1675 per share. The ex-dividend date of this dividend is Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.69%. EOG Resources’s payout ratio is -131.37%.
About EOG Resources
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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