Zacks Research Forecasts Lower Earnings for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Equities researchers at Zacks Research dropped their Q2 2026 EPS estimates for shares of EOG Resources in a note issued to investors on Thursday, June 4th. Zacks Research analyst Team now forecasts that the energy exploration company will earn $4.32 per share for the quarter, down from their prior forecast of $4.70. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $16.63 per share. Zacks Research also issued estimates for EOG Resources’ Q3 2026 earnings at $4.44 EPS, Q4 2026 earnings at $3.28 EPS, FY2026 earnings at $15.45 EPS, Q1 2027 earnings at $3.69 EPS, Q2 2027 earnings at $3.56 EPS, Q3 2027 earnings at $3.42 EPS and FY2027 earnings at $13.87 EPS.

A number of other brokerages have also weighed in on EOG. Jefferies Financial Group boosted their target price on shares of EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, April 13th. UBS Group upped their price objective on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Scotiabank increased their target price on EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Truist Financial raised their target price on EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.32.

EOG Resources Stock Down 0.0%

EOG stock opened at $137.72 on Monday. The stock has a market capitalization of $73.35 billion, a P/E ratio of 13.55 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources has a 1-year low of $101.59 and a 1-year high of $151.87. The business has a fifty day moving average price of $137.86 and a 200-day moving average price of $122.91.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the company earned $2.87 earnings per share.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. EOG Resources’s payout ratio is presently 40.16%.

Insiders Place Their Bets

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 12,456 shares of company stock worth $1,788,033. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On EOG Resources

Several hedge funds have recently bought and sold shares of the business. Sivia Capital Partners LLC bought a new position in EOG Resources during the 2nd quarter worth about $258,000. Quantbot Technologies LP bought a new stake in shares of EOG Resources in the 2nd quarter valued at about $349,000. Gamco Investors INC. ET AL lifted its position in shares of EOG Resources by 216.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after purchasing an additional 4,485 shares during the period. NewEdge Advisors LLC boosted its stake in shares of EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after purchasing an additional 444 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of EOG Resources by 4.4% during the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after purchasing an additional 15,250 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Key EOG Resources News

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

• Positive Sentiment: KeyCorp raised its earnings estimates for EOG’s 2026 quarters and full-year 2026 EPS, which suggests stronger near-term profitability than previously expected.
• Positive Sentiment: Zacks Research also lifted its estimates for late-2027, 2028, and FY2028 earnings, indicating analysts see durable long-term earnings power for EOG.
• Positive Sentiment: EOG reiterated its plan to return at least 70% of annual net cash flow after capex to shareholders through dividends and buybacks, a shareholder-friendly policy that can support the stock. Article: Should EOG’s 70% Cash-Return Pledge Guide Capital Allocation Decisions for EOG (EOG) Investors?
• Neutral Sentiment: The company reported Q1 2026 adjusted EPS of $3.41, supported by higher production and strong cash flow, and said it will keep 2026 spending steady while shifting more capital toward liquids. Article: Should EOG’s 70% Cash-Return Pledge Guide Capital Allocation Decisions for EOG (EOG) Investors?
• Neutral Sentiment: Separately, Zacks highlighted EOG as a strong momentum stock, which may reinforce positive sentiment but does not appear to be a company-specific catalyst by itself. Article: Here’s Why EOG Resources (EOG) is a Strong Momentum Stock

EOG Resources Company Profile

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.