FY2025 EPS Estimates for EOG Resources Raised by Scotiabank

EOG Resources, Inc. (NYSE:EOG) – Analysts at Scotiabank raised their FY2025 earnings per share estimates for EOG Resources in a research report issued on Monday, June 9th. Scotiabank analyst P. Cheng now expects that the energy exploration company will earn $7.90 per share for the year, up from their prior forecast of $7.70. Scotiabank has a “Sector Outperform” rating and a $130.00 price objective on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.92 billion. During the same period in the prior year, the firm earned $2.82 earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. UBS Group reiterated a “buy” rating and issued a $140.00 price objective (up from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Wells Fargo & Company reduced their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Bank of America reduced their price objective on EOG Resources from $125.00 to $124.00 and set a “neutral” rating on the stock in a research note on Friday, May 23rd. Piper Sandler reduced their price objective on EOG Resources from $135.00 to $133.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group increased their price objective on EOG Resources from $144.00 to $148.00 and gave the company a “buy” rating in a research note on Friday. Eleven investment 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 stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

EOG Resources Stock Up 4.1%

Shares of NYSE EOG opened at $125.52 on Thursday. The stock has a market cap of $68.50 billion, a P/E ratio of 10.11, a PEG ratio of 3.58 and a beta of 0.74. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources has a 12-month low of $102.52 and a 12-month high of $138.18. The business’s fifty day simple moving average is $111.99 and its 200-day simple moving average is $121.90.

Institutional Trading of EOG Resources

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mountain Lake Investment Management LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth about $735,000. Silvercrest Asset Management Group LLC raised its stake in EOG Resources by 14.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company’s stock valued at $101,256,000 after acquiring an additional 106,677 shares during the last quarter. Marble Harbor Investment Counsel LLC raised its stake in EOG Resources by 3.2% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company’s stock valued at $12,630,000 after acquiring an additional 3,150 shares during the last quarter. Northside Capital Management LLC purchased a new stake in EOG Resources during the 1st quarter valued at approximately $27,102,000. Finally, Charles Schwab Investment Management Inc. raised its stake in EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after acquiring an additional 781,282 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 3.25%. EOG Resources’s dividend payout ratio (DPR) is currently 36.18%.

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.