$1.34 EPS Expected for EOG Resources Inc (EOG) This Quarter
Analysts predict that EOG Resources Inc (NYSE:EOG) will post $1.34 earnings per share for the current quarter, according to Zacks. Seven analysts have provided estimates for EOG Resources’ earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.62. EOG Resources posted earnings per share of $0.69 during the same quarter last year, which indicates a positive year-over-year growth rate of 94.2%. The firm is expected to announce its next earnings results after the market closes on Tuesday, February 26th.
According to Zacks, analysts expect that EOG Resources will report full year earnings of $5.68 per share for the current financial year, with EPS estimates ranging from $5.43 to $5.93. For the next fiscal year, analysts expect that the firm will report earnings of $4.47 per share, with EPS estimates ranging from $2.66 to $6.67. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover EOG Resources.
EOG has been the topic of several recent analyst reports. Piper Jaffray Companies set a $156.00 target price on EOG Resources and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Tuesday, October 23rd. Barclays raised their target price on EOG Resources from $140.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, November 15th. BMO Capital Markets set a $115.00 target price on EOG Resources and gave the stock a “buy” rating in a research note on Monday, November 12th. Finally, Robert W. Baird reissued a “buy” rating and issued a $133.00 target price on shares of EOG Resources in a research note on Monday, December 3rd. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $131.04.
Institutional investors have recently bought and sold shares of the business. Athena Capital Advisors LLC purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $46,000. Legacy Financial Advisors Inc. lifted its holdings in shares of EOG Resources by 108.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock valued at $48,000 after purchasing an additional 287 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of EOG Resources by 30.8% during the fourth quarter. Proficio Capital Partners LLC now owns 565 shares of the energy exploration company’s stock valued at $49,000 after purchasing an additional 133 shares during the last quarter. Enlightenment Research LLC purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $52,000. Finally, Cornerstone Advisors Inc. lifted its holdings in shares of EOG Resources by 41.2% during the third quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock valued at $63,000 after purchasing an additional 143 shares during the last quarter. 86.41% of the stock is currently owned by institutional investors and hedge funds.
NYSE EOG opened at $96.75 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $54.63 billion, a P/E ratio of 86.38, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34. EOG Resources has a 1 year low of $82.04 and a 1 year high of $133.53.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Thursday, January 17th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, January 16th. This represents a $0.88 annualized dividend and a yield of 0.91%. EOG Resources’s payout ratio is 78.57%.
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 United Kingdom, the People's Republic of China, and Canada.
Further Reading: Should you buy a closed-end mutual fund?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.