EOG Resources Inc (EOG) Expected to Announce Earnings of $1.45 Per Share

Wall Street brokerages expect that EOG Resources Inc (NYSE:EOG) will report earnings per share (EPS) of $1.45 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for EOG Resources’ earnings. The lowest EPS estimate is $1.29 and the highest is $1.74. EOG Resources reported earnings per share of $1.37 in the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The company is expected to announce its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that EOG Resources will report full-year earnings of $5.82 per share for the current financial year, with EPS estimates ranging from $5.10 to $7.10. For the next fiscal year, analysts expect that the business will post earnings of $7.14 per share, with EPS estimates ranging from $5.22 to $14.64. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for EOG Resources.

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

Several research firms have recently weighed in on EOG. Raymond James set a $124.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. JPMorgan Chase & Co. set a $116.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research note on Friday, January 25th. Morgan Stanley set a $106.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a research note on Tuesday, January 29th. Jefferies Financial Group reissued a “hold” rating and issued a $105.00 target price on shares of EOG Resources in a research note on Wednesday, January 30th. Finally, KeyCorp began coverage on shares of EOG Resources in a research note on Thursday, January 31st. They issued a “sector weight” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $121.84.

Shares of NYSE EOG traded down $4.06 during midday trading on Thursday, reaching $88.85. The company’s stock had a trading volume of 4,479,908 shares, compared to its average volume of 3,621,065. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.94. EOG Resources has a one year low of $82.04 and a one year high of $133.53. The company has a market capitalization of $55.50 billion, a P/E ratio of 16.04, a PEG ratio of 1.17 and a beta of 1.24.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a $0.2875 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $1.15 dividend on an annualized basis and a yield of 1.29%. EOG Resources’s payout ratio is presently 15.88%.

In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total value of $113,114.88. Following the sale, the director now owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC grew its stake in shares of EOG Resources by 76.4% in the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 113 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of EOG Resources by 131.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 156 shares in the last quarter. WealthBridge Capital Management LLC acquired a new position in shares of EOG Resources in the first quarter worth $27,000. Guidant Wealth Advisors grew its stake in shares of EOG Resources by 50.5% in 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 in the last quarter. Finally, Essex Savings Bank grew its stake in shares of EOG Resources by 87.0% in the first quarter. Essex Savings Bank now owns 430 shares of the energy exploration company’s stock worth $41,000 after acquiring an additional 200 shares in the last quarter. 87.19% of the stock is currently owned by institutional investors.

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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