FY2020 EPS Estimates for EOG Resources Inc Lifted by Analyst (EOG)

EOG Resources Inc (NYSE:EOG) – Equities researchers at Imperial Capital upped their FY2020 earnings per share estimates for shares of EOG Resources in a research report issued to clients and investors on Wednesday, April 24th. Imperial Capital analyst I. Haas now anticipates that the energy exploration company will post earnings per share of $6.83 for the year, up from their previous estimate of $6.37.

Several other analysts have also recently commented on EOG. MKM Partners restated a “neutral” rating and set a $109.00 price objective on shares of EOG Resources in a research note on Tuesday, April 16th. Tudor Pickering upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Morgan Stanley decreased their price objective on shares of EOG Resources from $106.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 27th. Oppenheimer assumed coverage on shares of EOG Resources in a research note on Wednesday, March 27th. They set an “outperform” rating and a $108.00 price objective for the company. Finally, ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $122.46.

Shares of NYSE EOG opened at $102.08 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 0.27. EOG Resources has a 12 month low of $82.04 and a 12 month high of $133.53. The company has a market cap of $60.17 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.10). EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Valeo Financial Advisors LLC lifted its stake in shares of EOG Resources by 76.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 113 shares during the period. Guidant Wealth Advisors raised its position in EOG Resources by 50.5% during the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after acquiring an additional 101 shares during the period. Cornerstone Advisors Inc. raised its position in EOG Resources by 41.2% during the third quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock worth $63,000 after acquiring an additional 143 shares during the period. Quad Cities Investment Group LLC acquired a new position in EOG Resources during the first quarter worth $48,000. Finally, Athena Capital Advisors LLC acquired a new position in EOG Resources during the fourth quarter worth $46,000. Hedge funds and other institutional investors own 88.03% of the company’s stock.

In related news, Director Frank G. Wisner sold 1,296 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total value of $113,114.88. Following the completion of the transaction, the director now directly owns 120,052 shares in the company, valued at approximately $10,478,138.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio is currently 15.88%.

About EOG Resources

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 People's Republic of China, and Canada.

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

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