EOG Resources, Inc. (EOG) to Release Earnings on Wednesday
EOG Resources, Inc. (NYSE:EOG) is scheduled to release its earnings data after the market closes on Wednesday, November 1st. Analysts expect EOG Resources to post earnings of $0.12 per share for the quarter.
EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The firm’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.38) EPS. On average, analysts expect EOG Resources to post $0.67 EPS for the current fiscal year and $1.87 EPS for the next fiscal year.
Shares of EOG Resources, Inc. (EOG) opened at 96.48 on Wednesday. The firm has a 50-day moving average price of $94.39 and a 200-day moving average price of $91.63. The stock’s market cap is $55.71 billion. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be paid a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s dividend payout ratio is currently -131.37%.
EOG has been the topic of a number of research reports. Imperial Capital initiated coverage on shares of EOG Resources in a research note on Thursday, September 28th. They issued an “outperform” rating and a $115.00 target price on the stock. Morgan Stanley raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $97.00 to $106.00 in a research note on Tuesday, September 12th. Barclays PLC reissued an “overweight” rating and issued a $101.00 target price (up previously from $94.00) on shares of EOG Resources in a research note on Thursday, August 3rd. BMO Capital Markets set a $105.00 target price on shares of EOG Resources and gave the company a “buy” rating in a research note on Tuesday, October 10th. Finally, Atlantic Securities raised shares of EOG Resources from a “neutral” rating to an “overweight” rating and raised their target price for the company from $98.00 to $100.00 in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. EOG Resources currently has a consensus rating of “Buy” and a consensus price target of $108.68.
In other EOG Resources news, EVP Michael P. Donaldson sold 6,167 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $97.50, for a total transaction of $601,282.50. Following the sale, the executive vice president now directly owns 74,316 shares in the company, valued at approximately $7,245,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles R. Crisp sold 3,411 shares of the business’s stock in a transaction dated 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 owns 53,196 shares in the company, valued at $5,161,607.88. The disclosure for this sale can be found here. Insiders have sold a total of 38,578 shares of company stock worth $3,700,882 over the last 90 days. 0.53% of the stock is owned by insiders.
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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