FY2018 EPS Estimates for EOG Resources Inc (EOG) Boosted by Imperial Capital
EOG Resources Inc (NYSE:EOG) – Imperial Capital lifted their FY2018 earnings per share (EPS) estimates for EOG Resources in a research report issued on Monday. Imperial Capital analyst I. Haas now expects that the energy exploration company will post earnings per share of $2.24 for the year, up from their prior forecast of $1.85. Imperial Capital currently has a “Outperform” rating and a $120.00 target price on the stock.
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $118.00 price objective on shares of EOG Resources in a report on Tuesday. Argus increased their price objective on shares of EOG Resources to $133.00 and gave the company a “buy” rating in a report on Monday. Robert W. Baird set a $122.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a report on Friday, January 5th. Finally, Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a report on Thursday, January 4th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. EOG Resources presently has an average rating of “Buy” and a consensus target price of $113.75.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.40) earnings per share.
A number of institutional investors have recently added to or reduced their stakes in EOG. Capital Research Global Investors increased its position 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 worth $3,787,329,000 after purchasing an additional 5,368,941 shares during the last quarter. Ameriprise Financial Inc. increased its position in EOG Resources by 64.9% during the second quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock worth $479,202,000 after purchasing an additional 2,083,122 shares during the last quarter. Capital World Investors increased its position in 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 worth $1,580,657,000 after purchasing an additional 1,568,085 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in EOG Resources by 49.2% during the second quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock worth $399,039,000 after purchasing an additional 1,452,947 shares during the last quarter. Finally, Findlay Park Partners LLP acquired a new stake in EOG Resources during the second quarter worth about $120,097,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.
In related news, President Gary L. Thomas sold 2,000 shares of the firm’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $107.95, for a total transaction of $215,900.00. Following the completion of the sale, the president now directly owns 1,046,430 shares in the company, valued at $112,962,118.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 1,741 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $106.00, for a total transaction of $184,546.00. Following the sale, the executive vice president now owns 75,118 shares of the company’s stock, valued at $7,962,508. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,726 shares of company stock worth $1,921,181. Insiders own 0.53% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be paid a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Tuesday, January 16th. EOG Resources’s dividend payout ratio is currently 6,700.00%.
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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