Piper Jaffray Companies Weighs in on EOG Resources Inc’s Q4 2019 Earnings (NYSE:EOG)

EOG Resources Inc (NYSE:EOG) – Research analysts at Piper Jaffray Companies upped their Q4 2019 earnings estimates for shares of EOG Resources in a research report issued on Thursday, April 18th, according to Zacks Investment Research. Piper Jaffray Companies analyst R. Todd now anticipates that the energy exploration company will post earnings of $1.73 per share for the quarter, up from their prior estimate of $1.49. Piper Jaffray Companies also issued estimates for EOG Resources’ Q2 2020 earnings at $1.71 EPS, Q3 2020 earnings at $1.75 EPS and Q4 2020 earnings at $1.78 EPS.

Other research analysts have also issued research reports about the stock. Robert W. Baird reaffirmed a “buy” rating and set a $126.00 price objective on shares of EOG Resources in a research report on Wednesday, February 27th. Guggenheim reaffirmed a “buy” rating and set a $126.00 price objective on shares of EOG Resources in a research report on Friday, February 22nd. JPMorgan Chase & Co. set a $116.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research report on Friday, January 25th. Raymond James set a $124.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Finally, Argus set a $120.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $121.40.

Shares of EOG traded up $0.76 during trading hours on Friday, reaching $95.00. 2,425,656 shares of the company traded hands, compared to its average volume of 4,068,932. The firm has a market capitalization of $55.13 billion, a P/E ratio of 17.15, a P/E/G ratio of 1.16 and a beta of 1.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 1.14. EOG Resources has a 1-year low of $82.04 and a 1-year high of $133.53.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.16. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.92 billion. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 1.21%. The ex-dividend date is Tuesday, July 16th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s dividend payout ratio is 15.88%.

In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the sale, the director now directly owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Glassman Wealth Services grew its stake in shares of EOG Resources by 12.3% during the first quarter. Glassman Wealth Services now owns 1,321 shares of the energy exploration company’s stock valued at $126,000 after purchasing an additional 145 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of EOG Resources during the first quarter valued at approximately $489,000. Ontario Teachers Pension Plan Board grew its stake in shares of EOG Resources by 60.3% during the first quarter. Ontario Teachers Pension Plan Board now owns 19,319 shares of the energy exploration company’s stock valued at $1,839,000 after purchasing an additional 7,264 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of EOG Resources by 6.5% during the first quarter. Rockefeller Capital Management L.P. now owns 836,978 shares of the energy exploration company’s stock valued at $79,664,000 after purchasing an additional 51,108 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of EOG Resources by 12.9% during the first quarter. MML Investors Services LLC now owns 7,199 shares of the energy exploration company’s stock valued at $685,000 after purchasing an additional 825 shares during the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

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 People's Republic of China, and Canada.

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