EOG Resources, Inc. (NYSE:EOG – Free Report) – Investment analysts at Zacks Research reduced their Q2 2027 earnings estimates for shares of EOG Resources in a research report issued to clients and investors on Monday, September 21st. Zacks Research analyst Team now forecasts that the energy exploration company will post earnings of $2.99 per share for the quarter, down from their previous forecast of $3.26. Zacks Research has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $16.89 per share. Zacks Research also issued estimates for EOG Resources’ Q4 2027 earnings at $3.61 EPS and Q2 2028 earnings at $2.90 EPS.
A number of other equities research analysts also recently weighed in on the company. Barclays set a $147.00 price objective on EOG Resources and gave the company an “equal weight” rating in a report on Monday, August 17th. Susquehanna reaffirmed a “positive” rating and issued a $170.00 price target (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. Wells Fargo & Company reiterated an “overweight” rating and issued a $193.00 price target (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Weiss Ratings upgraded EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $158.11.
EOG Resources Stock Performance
NYSE:EOG opened at $141.52 on Tuesday. EOG Resources has a 12-month low of $101.59 and a 12-month high of $154.16. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $74.23 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.53 and a beta of 0.26. The firm has a 50-day moving average price of $144.50 and a 200 day moving average price of $139.12.
EOG Resources (NYSE:EOG – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same period last year, the firm earned $2.32 EPS. The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year.
Institutional Trading of EOG Resources
Several hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC boosted its position in EOG Resources by 14.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,193 shares of the energy exploration company’s stock valued at $3,398,000 after buying an additional 3,373 shares during the last quarter. National Pension Service lifted its stake in shares of EOG Resources by 0.5% during the second quarter. National Pension Service now owns 1,956,669 shares of the energy exploration company’s stock valued at $253,839,000 after acquiring an additional 9,738 shares during the period. WINTON GROUP Ltd bought a new position in EOG Resources in the second quarter valued at about $587,000. Engineers Gate Manager LP acquired a new stake in EOG Resources in the second quarter worth about $1,300,000. Finally, Cidel Asset Management Inc. increased its position in EOG Resources by 3.6% in the second quarter. Cidel Asset Management Inc. now owns 8,089 shares of the energy exploration company’s stock worth $1,049,000 after purchasing an additional 282 shares during the period. 89.91% of the stock is owned by institutional investors.
Insider Buying and Selling at EOG Resources
In other news, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the sale, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael P. Donaldson sold 7,336 shares of EOG Resources stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the transaction, the executive vice president directly owned 100,558 shares of the company’s stock, valued at $14,882,584. This represents a 6.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.14% of the company’s stock.
EOG Resources Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.
About EOG Resources
EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.
The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.
EOG traces its history to Enron Oil & Gas Company, which was established in 1990.
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