EOG Resources, Inc. (NYSE:EOG) – Equities research analysts at Jefferies Group cut their Q1 2018 earnings estimates for shares of EOG Resources in a research report issued to clients and investors on Monday. Jefferies Group analyst M. Hsu now anticipates that the energy exploration company will post earnings per share of $0.31 for the quarter, down from their prior forecast of $0.32. Jefferies Group has a “Hold” rating and a $101.00 price objective on the stock.

Several other equities research analysts have also weighed in on the company. Raymond James Financial, Inc. raised EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Wednesday, May 10th. Wells Fargo & Company raised EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Wednesday, May 10th. Royal Bank Of Canada set a $115.00 price objective on EOG Resources and gave the stock a “hold” rating in a research note on Sunday, July 16th. Barclays PLC increased their target price on EOG Resources from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. Finally, FBR & Co reduced their target price on EOG Resources from $122.00 to $108.00 and set an “outperform” rating for the company in a report on Monday, June 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have assigned a buy rating to the company. EOG Resources presently has an average rating of “Buy” and a consensus price target of $108.54.

TRADEMARK VIOLATION WARNING: This report was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://www.watchlistnews.com/analysts-offer-predictions-for-eog-resources-inc-s-q1-2018-earnings-eog/1495026.html.

EOG Resources (EOG) traded down 1.51% during trading on Wednesday, hitting $85.71. The stock had a trading volume of 729,288 shares. The stock’s market cap is $49.49 billion. EOG Resources has a 1-year low of $85.69 and a 1-year high of $109.37. The firm’s 50-day moving average price is $91.31 and its 200-day moving average price is $93.80.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the firm earned ($0.38) earnings per share. The business’s revenue was up 47.1% compared to the same quarter last year.

In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the sale, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

Large investors have recently modified their holdings of the stock. Atria Investments LLC increased its stake in shares of EOG Resources by 35.1% in the first quarter. Atria Investments LLC now owns 4,988 shares of the energy exploration company’s stock valued at $487,000 after buying an additional 1,296 shares in the last quarter. Tompkins Financial Corp increased its stake in shares of EOG Resources by 33.9% in the first quarter. Tompkins Financial Corp now owns 2,980 shares of the energy exploration company’s stock valued at $216,000 after buying an additional 755 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its stake in shares of EOG Resources by 2.9% in the first quarter. Beese Fulmer Investment Management Inc. now owns 46,551 shares of the energy exploration company’s stock valued at $4,541,000 after buying an additional 1,317 shares in the last quarter. Private Wealth Partners LLC increased its stake in shares of EOG Resources by 7.0% in the first quarter. Private Wealth Partners LLC now owns 24,178 shares of the energy exploration company’s stock valued at $2,359,000 after buying an additional 1,578 shares in the last quarter. Finally, DnB Asset Management AS increased its stake in shares of EOG Resources by 1.6% in the first quarter. DnB Asset Management AS now owns 114,248 shares of the energy exploration company’s stock valued at $11,145,000 after buying an additional 1,800 shares in the last quarter. 83.25% of the stock is currently owned by institutional investors.

About EOG Resources

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

Earnings History and Estimates for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.