EOG Resources Inc (NYSE:EOG) – Stock analysts at Piper Jaffray Companies dropped their FY2021 EPS estimates for EOG Resources in a research note issued on Wednesday, November 6th. Piper Jaffray Companies analyst R. Todd now forecasts that the energy exploration company will post earnings of $5.52 per share for the year, down from their prior estimate of $5.74. Piper Jaffray Companies currently has a “Buy” rating and a $111.00 price objective on the stock.
Several other research firms also recently issued reports on EOG. Barclays reduced their price objective on EOG Resources from $146.00 to $132.00 and set an “overweight” rating on the stock in a report on Thursday. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. KeyCorp reduced their price objective on EOG Resources from $110.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Citigroup reduced their price objective on EOG Resources from $116.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, TheStreet downgraded EOG Resources from a “b-” rating to a “c” rating in a report on Thursday, August 15th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $108.50.
NYSE:EOG traded down $0.04 during trading hours on Friday, hitting $74.70. 3,119,389 shares of the stock were exchanged, compared to its average volume of 3,954,737. The company’s 50 day moving average is $71.82 and its two-hundred day moving average is $82.34. EOG Resources has a twelve month low of $64.33 and a twelve month high of $108.78. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $42.97 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.34.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.13. EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the prior year, the business earned $1.75 EPS. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of the company. Nuveen Asset Management LLC increased its position in shares of EOG Resources by 32,106.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,219,605 shares of the energy exploration company’s stock valued at $765,738,000 after buying an additional 8,194,083 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in EOG Resources by 100.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock worth $1,141,521,000 after purchasing an additional 6,128,570 shares in the last quarter. BlackRock Inc. increased its holdings in EOG Resources by 3.5% during the 2nd quarter. BlackRock Inc. now owns 35,712,596 shares of the energy exploration company’s stock worth $3,326,986,000 after purchasing an additional 1,201,811 shares in the last quarter. Janus Henderson Group PLC increased its holdings in EOG Resources by 60.9% during the 2nd quarter. Janus Henderson Group PLC now owns 2,734,872 shares of the energy exploration company’s stock worth $254,785,000 after purchasing an additional 1,035,252 shares in the last quarter. Finally, Findlay Park Partners LLP increased its holdings in EOG Resources by 23.3% during the 3rd quarter. Findlay Park Partners LLP now owns 4,311,240 shares of the energy exploration company’s stock worth $319,980,000 after purchasing an additional 815,455 shares in the last quarter. 86.33% of the stock is currently owned by institutional investors.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Wednesday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently 20.76%.
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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