EOG Resources Inc (EOG) Expected to Announce Earnings of $1.73 Per Share

Analysts expect that EOG Resources Inc (NYSE:EOG) will report earnings per share of $1.73 for the current quarter, according to Zacks. Five analysts have made estimates for EOG Resources’ earnings, with the highest EPS estimate coming in at $2.17 and the lowest estimate coming in at $1.38. EOG Resources posted earnings per share of $0.69 in the same quarter last year, which would indicate a positive year-over-year growth rate of 150.7%. The business is scheduled to announce its next earnings results on Tuesday, February 26th.

On average, analysts expect that EOG Resources will report full-year earnings of $5.97 per share for the current year, with EPS estimates ranging from $5.65 to $6.48. For the next financial year, analysts expect that the firm will post earnings of $8.07 per share, with EPS estimates ranging from $6.40 to $10.44. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow EOG Resources.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.19. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The firm had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the business posted $0.19 earnings per share. The firm’s revenue was up 80.8% on a year-over-year basis.

Several equities analysts have weighed in on the company. ValuEngine cut EOG Resources from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Mizuho assumed coverage on EOG Resources in a report on Monday, July 23rd. They set a “buy” rating and a $173.00 price target for the company. Royal Bank of Canada set a $142.00 price target on EOG Resources and gave the company a “hold” rating in a report on Thursday, September 20th. JPMorgan Chase & Co. raised their price target on EOG Resources from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Finally, TD Securities raised their price target on EOG Resources from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $138.04.

In other EOG Resources news, EVP David W. Trice sold 2,489 shares of the firm’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $127.44, for a total transaction of $317,198.16. Following the transaction, the executive vice president now directly owns 74,807 shares in the company, valued at approximately $9,533,404.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles R. Crisp sold 1,792 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total value of $209,305.60. Following the transaction, the director now owns 49,741 shares in the company, valued at $5,809,748.80. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. grew its stake in EOG Resources by 2.3% during the 3rd quarter. Baird Financial Group Inc. now owns 125,058 shares of the energy exploration company’s stock worth $16,194,000 after buying an additional 2,820 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in EOG Resources by 5.9% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 75,346 shares of the energy exploration company’s stock worth $9,612,000 after buying an additional 4,210 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in EOG Resources by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,435,883 shares of the energy exploration company’s stock worth $183,167,000 after buying an additional 47,772 shares during the last quarter. Meiji Yasuda Life Insurance Co grew its stake in EOG Resources by 2.6% during the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 39,517 shares of the energy exploration company’s stock worth $5,041,000 after buying an additional 1,010 shares during the last quarter. Finally, FDx Advisors Inc. grew its stake in EOG Resources by 44.2% during the 3rd quarter. FDx Advisors Inc. now owns 4,156 shares of the energy exploration company’s stock worth $530,000 after buying an additional 1,274 shares during the last quarter. Institutional investors own 86.15% of the company’s stock.

Shares of NYSE:EOG traded down $1.62 during trading on Tuesday, hitting $99.63. 2,341,380 shares of the company’s stock were exchanged, compared to its average volume of 3,787,059. The company has a current ratio of 1.09, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. EOG Resources has a 52-week low of $96.54 and a 52-week high of $133.53. The stock has a market capitalization of $61.19 billion, a P/E ratio of 88.96, a P/E/G ratio of 1.24 and a beta of 1.16.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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Earnings History and Estimates for EOG Resources (NYSE:EOG)

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