Wall Street analysts expect EOG Resources Inc (NYSE:EOG) to post sales of $4.59 billion for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for EOG Resources’ earnings, with estimates ranging from $4.23 billion to $4.91 billion. EOG Resources posted sales of $3.34 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 37.4%. The business is expected to report its next quarterly earnings results on Tuesday, February 26th.
According to Zacks, analysts expect that EOG Resources will report full year sales of $17.40 billion for the current financial year, with estimates ranging from $16.93 billion to $17.61 billion. For the next year, analysts expect that the firm will report sales of $19.53 billion, with estimates ranging from $17.04 billion to $22.56 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow EOG Resources.
EOG Resources (NYSE:EOG) last announced its earnings results on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.19. The firm had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.20 billion. EOG Resources had a net margin of 30.90% and a return on equity of 16.79%. The business’s revenue was up 80.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 EPS.
Several analysts have recently issued reports on the stock. ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Morgan Stanley decreased their target price on shares of EOG Resources from $133.00 to $118.00 and set a “hold” rating on the stock in a research report on Tuesday, November 20th. Barclays increased their price objective on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, November 15th. Finally, Robert W. Baird reissued a “buy” rating and issued a $133.00 price objective on shares of EOG Resources in a research report on Monday, December 3rd. Nine equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. EOG Resources has an average rating of “Buy” and a consensus target price of $136.33.
In other news, Director Charles R. Crisp sold 1,792 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total transaction of $209,305.60. Following the transaction, the director now directly owns 49,741 shares of the company’s stock, valued at $5,809,748.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David W. Trice sold 2,489 shares of the firm’s stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of $127.44, for a total transaction of $317,198.16. Following the transaction, the executive vice president now directly owns 74,807 shares in the company, valued at $9,533,404.08. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.
Large investors have recently modified their holdings of the company. NuWave Investment Management LLC increased its position in shares of EOG Resources by 2,366.7% during the third quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock worth $151,000 after acquiring an additional 1,136 shares during the period. Resources Management Corp CT ADV purchased a new position in shares of EOG Resources during the third quarter worth approximately $158,000. ELM Advisors LLC purchased a new position in shares of EOG Resources during the third quarter worth approximately $162,000. Sun Life Financial INC increased its position in shares of EOG Resources by 464.4% during the second quarter. Sun Life Financial INC now owns 1,569 shares of the energy exploration company’s stock worth $195,000 after acquiring an additional 1,291 shares during the period. Finally, Honkamp Krueger Financial Services Inc. purchased a new position in shares of EOG Resources during the third quarter worth approximately $198,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE EOG opened at $103.61 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 1.09. The stock has a market cap of $60.35 billion, a PE ratio of 92.51, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. EOG Resources has a 12-month low of $96.54 and a 12-month high of $133.53.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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