EOG Resources, Inc. to Post Q3 2017 Earnings of $0.11 Per Share, US Capital Advisors Forecasts (EOG)
EOG Resources, Inc. (NYSE:EOG) – Research analysts at US Capital Advisors reduced their Q3 2017 earnings per share estimates for EOG Resources in a report issued on Tuesday. US Capital Advisors analyst C. Horwitz now expects that the energy exploration company will earn $0.11 per share for the quarter, down from their prior forecast of $0.23. US Capital Advisors also issued estimates for EOG Resources’ Q4 2017 earnings at $0.31 EPS, FY2017 earnings at $0.65 EPS, Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.43 EPS.
EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter last year, the firm posted ($0.38) EPS. The firm’s quarterly revenue was up 47.1% compared to the same quarter last year.
Several other research firms also recently issued reports on EOG. Barclays PLC reaffirmed an “overweight” rating and set a $101.00 price objective (up from $94.00) on shares of EOG Resources in a report on Wednesday, August 9th. Scotiabank reaffirmed a “hold” rating and set a $100.00 price objective on shares of EOG Resources in a report on Thursday, August 3rd. BidaskClub raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley set a $116.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, BMO Capital Markets set a $105.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a report on Tuesday, October 10th. Two equities research 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 an average rating of “Buy” and an average target price of $108.68.
EOG Resources (EOG) opened at 96.15 on Thursday. The stock’s market cap is $55.52 billion. The company’s 50 day moving average is $94.68 and its 200-day moving average is $91.66. EOG Resources has a 1-year low of $81.99 and a 1-year 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 given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Monday, October 16th. EOG Resources’s dividend payout ratio is presently -131.37%.
In other EOG Resources news, Director Charles R. Crisp sold 3,411 shares of EOG Resources stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $97.03, for a total transaction of $330,969.33. Following the completion of the sale, the director now directly owns 53,196 shares in the company, valued at $5,161,607.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of EOG Resources stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the sale, the insider now owns 1,067,465 shares of the company’s stock, valued at $103,149,142.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,578 shares of company stock valued at $3,700,882. Company insiders own 0.53% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital Research Global Investors increased its position in shares of EOG Resources by 14.7% during the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after acquiring an additional 5,368,941 shares during the last quarter. Vanguard Group Inc. increased its position in shares of EOG Resources by 2.6% during the second quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock valued at $3,727,570,000 after acquiring an additional 1,058,276 shares during the last quarter. BlackRock Inc. increased its position in shares of EOG Resources by 2,098.0% during the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after acquiring an additional 34,114,299 shares during the last quarter. Capital World Investors increased its position in shares of EOG Resources by 9.9% during the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after acquiring an additional 1,568,085 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of EOG Resources by 8.7% during the second quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock valued at $724,272,000 after acquiring an additional 638,183 shares during the last quarter. Institutional investors and hedge funds own 85.38% of the company’s stock.
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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