Research Analysts Set Expectations for EOG Resources Inc’s Q3 2019 Earnings (EOG)
EOG Resources Inc (NYSE:EOG) – Investment analysts at Jefferies Group raised their Q3 2019 earnings per share estimates for shares of EOG Resources in a research report issued to clients and investors on Wednesday. Jefferies Group analyst M. Lear now forecasts that the energy exploration company will post earnings per share of $0.84 for the quarter, up from their prior forecast of $0.78. Jefferies Group has a “Hold” rating and a $101.00 price target on the stock. Jefferies Group also issued estimates for EOG Resources’ FY2019 earnings at $3.25 EPS.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the business earned ($0.40) earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis.
EOG Resources (EOG) traded up $0.76 during mid-day trading on Friday, reaching $107.11. The company’s stock had a trading volume of 2,028,669 shares, compared to its average volume of 3,064,330. EOG Resources has a 1 year low of $81.99 and a 1 year high of $107.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. The stock has a market capitalization of $59,868.81, a P/E ratio of 10,711.00, a PEG ratio of 13.31 and a beta of 0.98.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Research Global Investors boosted its holdings in 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 period. Vanguard Group Inc. lifted its stake in shares of EOG Resources by 2.6% in 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 buying an additional 1,058,276 shares during the period. Capital World Investors lifted its stake in shares of EOG Resources by 9.9% in 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 buying an additional 1,568,085 shares during the period. Northern Trust Corp lifted its stake in shares of EOG Resources by 8.7% in 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 buying an additional 638,183 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of EOG Resources by 8.0% in the second quarter. Alliancebernstein L.P. now owns 6,914,602 shares of the energy exploration company’s stock valued at $625,910,000 after buying an additional 511,099 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Michael P. Donaldson sold 1,741 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $106.00, for a total value of $184,546.00. Following the completion of the sale, the executive vice president now owns 75,118 shares in the company, valued at $7,962,508. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the sale, the insider now owns 1,067,465 shares of the company’s stock, valued at approximately $103,149,142.95. The disclosure for this sale can be found here. Insiders sold 164,304 shares of company stock valued at $4,837,383 over the last 90 days. 0.53% of the stock is currently owned by insiders.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be given a $0.1675 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.63%. EOG Resources’s dividend payout ratio (DPR) is 6,700.00%.
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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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