Q2 EPS Estimates for EOG Resources Lifted by Zacks Research

EOG Resources, Inc. (NYSE:EOG) – Investment analysts at Zacks Research increased their Q2 2026 earnings estimates for shares of EOG Resources in a research report issued to clients and investors on Tuesday, July 8th. Zacks Research analyst R. Department now expects that the energy exploration company will post earnings of $2.57 per share for the quarter, up from their previous estimate of $2.56. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. Zacks Research also issued estimates for EOG Resources’ Q3 2026 earnings at $2.46 EPS, FY2026 earnings at $10.81 EPS, Q1 2027 earnings at $2.40 EPS and FY2027 earnings at $11.01 EPS.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The company’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 EPS.

Several other analysts have also issued reports on EOG. UBS Group restated a “buy” rating and issued a $140.00 price objective (up from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Barclays boosted their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, June 2nd. Wells Fargo & Company restated an “overweight” rating on shares of EOG Resources in a report on Sunday, June 22nd. Citigroup reduced their price objective on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, KeyCorp reduced their price objective on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $139.00.

EOG Resources Stock Up 1.1%

Shares of EOG opened at $123.08 on Friday. The firm has a market cap of $67.17 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 9.82 and a beta of 0.76. EOG Resources has a 12-month low of $102.52 and a 12-month high of $138.18. The company’s 50-day moving average price is $116.79 and its 200 day moving average price is $121.34. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.31%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources’s dividend payout ratio is presently 36.18%.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares of the company’s stock, valued at $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Petredis Investment Advisors LLC boosted its holdings in EOG Resources by 1.2% in the second quarter. Petredis Investment Advisors LLC now owns 48,791 shares of the energy exploration company’s stock valued at $5,836,000 after purchasing an additional 602 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of EOG Resources by 0.9% in the second quarter. Wedge Capital Management L L P NC now owns 32,859 shares of the energy exploration company’s stock valued at $3,930,000 after buying an additional 300 shares during the last quarter. Silver Oak Securities Incorporated boosted its stake in shares of EOG Resources by 34.3% during the second quarter. Silver Oak Securities Incorporated now owns 3,713 shares of the energy exploration company’s stock worth $444,000 after buying an additional 948 shares during the period. Butensky & Cohen Financial Security Inc. boosted its stake in shares of EOG Resources by 5.5% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 41,237 shares of the energy exploration company’s stock worth $4,932,000 after buying an additional 2,135 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of EOG Resources by 5.2% during the second quarter. Pinnacle Bancorp Inc. now owns 2,035 shares of the energy exploration company’s stock worth $243,000 after buying an additional 100 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.