KeyCorp Has Pessimistic View of EOG Resources Q2 Earnings

EOG Resources, Inc. (NYSE:EOG) – KeyCorp dropped their Q2 2027 earnings per share (EPS) estimates for EOG Resources in a note issued to investors on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now forecasts that the energy exploration company will post earnings per share of $3.85 for the quarter, down from their previous forecast of $4.04. The consensus estimate for EOG Resources’ current full-year earnings is $16.63 per share. KeyCorp also issued estimates for EOG Resources’ Q3 2027 earnings at $3.82 EPS and FY2027 earnings at $15.93 EPS.

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

EOG has been the topic of several other research reports. Piper Sandler raised their price objective on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st. Truist Financial raised their price objective on shares of EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. UBS Group raised their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Morgan Stanley raised their price objective on shares of EOG Resources from $155.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Finally, Mizuho set a $157.00 price objective on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. One research 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $156.32.

EOG Resources Trading Down 0.0%

Shares of EOG Resources stock opened at $137.72 on Monday. The company’s fifty day simple moving average is $137.86 and its 200-day simple moving average is $122.91. The company has a market cap of $73.35 billion, a price-to-earnings ratio of 13.55 and a beta of 0.25. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources has a 1 year low of $101.59 and a 1 year high of $151.87.

EOG Resources Announces Dividend

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

Insider Buying and Selling at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value 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. This trade represents a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 12,456 shares of company stock valued at $1,788,033. 0.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital World Investors lifted its holdings in shares of EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after acquiring an additional 782,426 shares during the period. Vanguard Group Inc. lifted its holdings in shares of EOG Resources by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after acquiring an additional 446,341 shares during the period. State Street Corp lifted its holdings in shares of EOG Resources by 0.3% during the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock valued at $3,209,365,000 after acquiring an additional 100,080 shares during the period. Capital Research Global Investors lifted its holdings in shares of EOG Resources by 0.5% during the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after acquiring an additional 122,486 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of EOG Resources by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after acquiring an additional 371,548 shares during the period. 89.91% of the stock is owned by institutional investors.

More 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.