EOG Resources Q2 EPS Estimate Decreased by Zacks Research

EOG Resources, Inc. (NYSE:EOG) – Stock analysts at Zacks Research cut their Q2 2026 earnings per share estimates for shares of EOG Resources in a research report issued to clients and investors on Thursday, January 15th. Zacks Research analyst Team now expects that the energy exploration company will post earnings of $2.06 per share for the quarter, down from their previous estimate of $2.10. 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 $2.20 EPS, FY2026 earnings at $8.78 EPS, Q1 2027 earnings at $2.71 EPS and Q2 2027 earnings at $2.43 EPS.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $2.89 EPS.

A number of other analysts have also commented on the stock. Evercore ISI lifted their target price on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Raymond James Financial reiterated a “strong-buy” rating and issued a $153.00 price target on shares of EOG Resources in a research report on Wednesday, December 3rd. BMO Capital Markets reduced their price target on shares of EOG Resources from $126.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Morgan Stanley lifted their price target on shares of EOG Resources from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Thursday, November 20th. Finally, Jefferies Financial Group set a $140.00 price target on EOG Resources in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $137.00.

EOG Resources Stock Down 2.5%

Shares of NYSE EOG opened at $105.33 on Friday. The firm has a market capitalization of $57.15 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 8.32 and a beta of 0.49. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. EOG Resources has a 1 year low of $101.59 and a 1 year high of $137.86. The firm’s 50-day moving average is $106.88 and its 200-day moving average is $112.72.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is 40.64%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EOG Resources

A number of hedge funds have recently added to or reduced their stakes in EOG. Fiduciary Alliance LLC boosted its holdings in EOG Resources by 1.7% in the second quarter. Fiduciary Alliance LLC now owns 6,334 shares of the energy exploration company’s stock valued at $758,000 after acquiring an additional 108 shares during the last quarter. Balefire LLC boosted its position in EOG Resources by 33.4% during the 2nd quarter. Balefire LLC now owns 4,758 shares of the energy exploration company’s stock worth $569,000 after acquiring an additional 1,192 shares during the last quarter. Gateway Investment Advisers LLC lifted its position in EOG Resources by 44.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 10,661 shares of the energy exploration company’s stock worth $1,275,000 after buying an additional 3,284 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in shares of EOG Resources by 38.2% during the 2nd quarter. Pallas Capital Advisors LLC now owns 4,446 shares of the energy exploration company’s stock worth $532,000 after purchasing an additional 1,230 shares in the last quarter. Finally, Pines Wealth Management LLC bought a new position in shares of EOG Resources in the 2nd quarter valued at about $278,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources News Summary

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: EOG is highlighted for expanding natural‑gas production and pursuing opportunities to supply power for data centers, a potential structural demand tailwind that could diversify revenue and support longer‑term valuation. EOG Resources: Building Out Natural Gas Production Will Help It Power Data Centers
• Neutral Sentiment: BMO Capital Markets trimmed its price target to $120 from $126 but kept an “outperform” rating — a modestly negative signal on near‑term upside while retaining a constructive view on the name. MarketScreener TickerReport
• Neutral Sentiment: Marketplace coverage notes mixed analyst views on EOG versus peers, signaling divergent expectations across the sell‑side that can keep trading volatile. Analysts Conflicted on These Energy Names
• Neutral Sentiment: Consensus analyst rating recently reported as “Hold,” which reflects mixed expectations and may limit broad bullish momentum until clearer catalysts appear. EOG Receives Consensus Rating of “Hold” from Analysts
• Negative Sentiment: Zacks lowered near‑term and full‑year EPS forecasts across multiple quarters (Q2‑2026, Q3‑2026, FY2026) and trimmed Q1‑ and Q2‑2027 estimates — FY2026 fell to $8.78 from $8.94 and several quarter estimates were reduced. These cuts reduce street earnings expectations and are the primary analyst‑driven pressure on the stock today.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.