Zacks Research Expects Stronger Earnings for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Zacks Research increased their Q2 2026 earnings per share (EPS) estimates for shares of EOG Resources in a report issued on Thursday, July 23rd. Zacks Research analyst Team now expects that the energy exploration company will post earnings of $4.80 per share for the quarter, up from their previous estimate of $4.67. 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’ Q4 2026 earnings at $3.50 EPS, Q1 2027 earnings at $3.47 EPS, Q3 2027 earnings at $3.03 EPS, FY2027 earnings at $13.05 EPS and Q2 2028 earnings at $3.49 EPS.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations 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 was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.87 earnings per share.

Several other research firms also recently commented on EOG. Barclays increased their price objective on EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Truist Financial lowered their target price on shares of EOG Resources from $149.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, July 1st. Weiss Ratings raised shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Wolfe Research increased their target price on shares of EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, Royal Bank Of Canada raised their price target on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.32.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $146.62 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The business’s 50 day moving average price is $136.76 and its 200-day moving average price is $129.90. The firm has a market capitalization of $78.09 billion, a PE ratio of 14.43 and a beta of 0.25. EOG Resources has a 1 year low of $101.59 and a 1 year high of $151.87.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date 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 (DPR) is presently 40.16%.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOG. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources during the 4th quarter valued at about $25,000. SJS Investment Consulting Inc. grew its holdings in shares of EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the period. Prosperity Bancshares Inc acquired a new stake in EOG Resources during the fourth quarter worth about $26,000. Nemes Rush Group LLC acquired a new stake in EOG Resources during the fourth quarter worth about $30,000. Finally, Financial Life Planners purchased a new position in EOG Resources during the first quarter worth about $30,000. Institutional investors and hedge funds 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: Zacks Research raised its Q2 2026 EPS estimate to $4.80 from $4.67, signaling improved expectations for near-term profitability.
• Positive Sentiment: The firm also increased its Q4 2026 EPS estimate to $3.50 from $3.36 and lifted its Q1 2028 and FY2028 EPS forecasts, which suggests a somewhat better longer-term earnings outlook.
• Neutral Sentiment: Zacks Research kept a Hold rating on EOG, so the updates were not an outright bullish recommendation despite the higher estimates.
• Negative Sentiment: Some forecasts were reduced, including Q3 2026 EPS, Q1 2027 EPS, Q2 2027 EPS, FY2026 EPS and FY2027 EPS, which could temper enthusiasm about future earnings growth.

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.