EOG Resources Inc (NYSE:EOG) to Post FY2019 Earnings of $5.41 Per Share, SunTrust Banks Forecasts

EOG Resources Inc (NYSE:EOG) – Equities researchers at SunTrust Banks lowered their FY2019 earnings per share estimates for shares of EOG Resources in a research report issued on Wednesday, June 12th. SunTrust Banks analyst N. Dingmann now expects that the energy exploration company will post earnings per share of $5.41 for the year, down from their previous estimate of $5.43. SunTrust Banks currently has a “Buy” rating and a $120.00 target price on the stock. SunTrust Banks also issued estimates for EOG Resources’ FY2020 earnings at $6.64 EPS.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share (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 company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the firm posted $1.19 EPS. EOG Resources’s revenue for the quarter was up 10.3% compared to the same quarter last year.

Other equities analysts have also issued reports about the stock. KeyCorp lifted their target price on shares of EOG Resources from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Thursday, May 9th. Tudor Pickering raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Susquehanna Bancshares raised shares of EOG Resources from a “neutral” rating to a “positive” rating and lifted their target price for the company from $107.00 to $115.00 in a report on Monday, May 6th. Finally, Morgan Stanley set a $108.00 target price on shares of EOG Resources and gave the company a “hold” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $121.44.

NYSE:EOG opened at $85.17 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a market cap of $50.13 billion, a PE ratio of 15.37, a PEG ratio of 1.05 and a beta of 1.29. EOG Resources has a 1-year low of $80.41 and a 1-year high of $133.53.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.2875 dividend. 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 1.35%. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s dividend payout ratio (DPR) is currently 15.88%.

Institutional investors have recently added to or reduced their stakes in the stock. Midwest Professional Planners LTD. acquired a new stake in EOG Resources in the 1st quarter valued at $212,000. Nomura Asset Management Co. Ltd. grew its stake in EOG Resources by 7.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 95,547 shares of the energy exploration company’s stock valued at $8,333,000 after acquiring an additional 6,689 shares during the period. American International Group Inc. grew its stake in EOG Resources by 5.7% in the 4th quarter. American International Group Inc. now owns 244,278 shares of the energy exploration company’s stock valued at $21,303,000 after acquiring an additional 13,180 shares during the period. KG&L Capital Management LLC acquired a new stake in EOG Resources in the 1st quarter valued at $388,000. Finally, Culbertson A N & Co. Inc. grew its stake in EOG Resources by 1.4% in the 1st quarter. Culbertson A N & Co. Inc. now owns 39,524 shares of the energy exploration company’s stock valued at $3,762,000 after acquiring an additional 544 shares during the period. 86.80% 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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Earnings History and Estimates for EOG Resources (NYSE:EOG)

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