Analysts forecast that EOG Resources Inc (NYSE:EOG) will post sales of $3.09 billion for the current quarter, Zacks reports. Four analysts have provided estimates for EOG Resources’ earnings, with the lowest sales estimate coming in at $2.95 billion and the highest estimate coming in at $3.33 billion. EOG Resources reported sales of $2.40 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.8%. The company is expected to issue its next quarterly earnings results after the market closes on Monday, February 26th.
On average, analysts expect that EOG Resources will report full-year sales of $3.09 billion for the current year, with estimates ranging from $10.81 billion to $11.14 billion. For the next fiscal year, analysts forecast that the business will post sales of $13.11 billion per share, with estimates ranging from $12.76 billion to $14.11 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover EOG Resources.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. EOG Resources had a net margin of 3.79% and a return on equity of 2.90%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the company posted ($0.40) EPS. The company’s quarterly revenue was up 24.8% compared to the same quarter last year.
EOG Resources (NYSE:EOG) traded up $0.13 during midday trading on Friday, reaching $114.37. 2,920,329 shares of the company’s stock traded hands, compared to its average volume of 2,570,000. EOG Resources has a 12-month low of $81.99 and a 12-month high of $116.47. 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 cap of $66,130.00, a PE ratio of 11,437.00, a price-to-earnings-growth ratio of 4.62 and a beta of 0.98.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be issued a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Tuesday, January 16th. EOG Resources’s dividend payout ratio is presently 6,700.00%.
In related news, EVP Michael P. Donaldson sold 1,741 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were 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 directly owns 75,118 shares in the company, valued at $7,962,508. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Gary L. Thomas sold 2,000 shares of the company’s stock in a transaction on Saturday, December 29th. The stock was 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 owns 1,046,430 shares of the company’s stock, valued at $112,962,118.50. The disclosure for this sale can be found here. Insiders sold 139,048 shares of company stock valued at $8,173,973 over the last quarter. 0.53% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Baker Ellis Asset Management LLC acquired a new position in EOG Resources during the 3rd quarter worth $101,000. Chicago Partners Investment Group LLC lifted its position in EOG Resources by 178.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after acquiring an additional 712 shares during the last quarter. Fis Group Inc. acquired a new position in EOG Resources during the 3rd quarter worth $130,000. Quantbot Technologies LP acquired a new position in EOG Resources during the 3rd quarter worth $153,000. Finally, Zions Bancorporation lifted its position in EOG Resources by 5,268.6% during the 3rd quarter. Zions Bancorporation now owns 1,879 shares of the energy exploration company’s stock worth $182,000 after acquiring an additional 1,844 shares during the last quarter. Hedge funds and other institutional investors own 85.28% of the company’s stock.
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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