EOG Resources Inc (NYSE:EOG) – Stock analysts at SunTrust Banks reduced their FY2019 earnings per share (EPS) estimates for EOG Resources in a report issued on Wednesday, June 12th. SunTrust Banks analyst N. Dingmann now expects that the energy exploration company will earn $5.41 per share for the year, down from their previous forecast of $5.43. SunTrust Banks currently has a “Buy” rating and a $120.00 target price on the stock. SunTrust Banks also issued estimates for EOG Resources’ FY2020 earnings at $6.64 EPS.
A number of other research firms have also commented on EOG. Goldman Sachs Group lowered EOG Resources to a “buy” rating in a research note on Friday, April 12th. KeyCorp lifted their price objective on EOG Resources from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. MKM Partners reiterated a “neutral” rating and issued a $109.00 price objective on shares of EOG Resources in a research note on Tuesday, April 16th. Citigroup assumed coverage on EOG Resources in a research note on Tuesday, April 9th. They issued a “buy” rating on the stock. Finally, ValuEngine lowered EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have issued a buy rating to the company. EOG Resources currently has an average rating of “Buy” and a consensus price target of $121.44.
EOG Resources stock opened at $86.49 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a market capitalization of $49.35 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.05 and a beta of 1.29. EOG Resources has a 52 week low of $80.41 and a 52 week high of $133.53.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.16. The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.92 billion. EOG Resources had a return on equity of 17.10% and a net margin of 19.35%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 1.33%. This is an increase from EOG Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, July 16th. EOG Resources’s payout ratio is presently 15.88%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. Valeo Financial Advisors LLC boosted its holdings in EOG Resources by 76.4% during the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 113 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in EOG Resources by 131.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 156 shares in the last quarter. WealthBridge Capital Management LLC acquired a new stake in EOG Resources during the first quarter valued at approximately $27,000. Guidant Wealth Advisors boosted its holdings in shares of EOG Resources by 50.5% in the 1st quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after acquiring an additional 101 shares in the last quarter. Finally, Essex Savings Bank boosted its holdings in shares of EOG Resources by 87.0% in the 1st quarter. Essex Savings Bank now owns 430 shares of the energy exploration company’s stock worth $41,000 after acquiring an additional 200 shares in the last quarter. 86.80% of the stock is currently owned by institutional investors.
About EOG Resources
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 People's Republic of China, and Canada.
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