Q3 EPS Estimates for EOG Resources Cut by Zacks Research

EOG Resources, Inc. (NYSE:EOG) – Investment analysts at Zacks Research lowered their Q3 2026 earnings per share estimates for shares of EOG Resources in a note issued to investors on Thursday, July 23rd. Zacks Research analyst Team now forecasts that the energy exploration company will earn $3.87 per share for the quarter, down from their previous forecast of $4.45. Zacks Research has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $16.16 per share. Zacks Research also issued estimates for EOG Resources’ FY2026 earnings at $15.59 EPS, Q2 2027 earnings at $3.33 EPS, Q1 2028 earnings at $3.18 EPS and FY2028 earnings at $12.97 EPS.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.18. The business 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 business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $2.87 earnings per share.

A number of other brokerages have also weighed in on EOG. Stephens decreased their price objective on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Roth Capital restated a “neutral” rating and issued a $136.00 target price on shares of EOG Resources in a research note on Wednesday, May 6th. BMO Capital Markets raised their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. JPMorgan Chase & Co. reduced their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada lifted their price target on shares of EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.32.

EOG Resources Trading Up 0.2%

NYSE EOG opened at $146.62 on Monday. The company’s 50-day moving average price is $136.76 and its 200-day moving average price is $130.07. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock has a market cap of $78.09 billion, a PE ratio of 14.43 and a beta of 0.25. EOG Resources has a 12 month low of $101.59 and a 12 month high of $151.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. SJS Investment Consulting Inc. increased its holdings in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after buying an additional 124 shares during the period. Financial Life Planners purchased a new position in shares of EOG Resources during the first quarter worth $30,000. Acumen Wealth Advisors LLC acquired a new position in EOG Resources during the fourth quarter valued at $25,000. Prosperity Bancshares Inc acquired a new position in EOG Resources during the fourth quarter valued at $26,000. Finally, Global Assets Advisory LLC acquired a new position in EOG Resources during the first quarter valued at $37,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 2.8%. EOG Resources’s dividend payout ratio is 40.16%.

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.