EOG Resources Inc (EOG) Expected to Earn Q3 2019 Earnings of $1.30 Per Share
EOG Resources Inc (NYSE:EOG) – Stock analysts at Jefferies Financial Group cut their Q3 2019 earnings per share estimates for shares of EOG Resources in a research report issued to clients and investors on Monday, April 22nd. Jefferies Financial Group analyst M. Lear now expects that the energy exploration company will post earnings of $1.30 per share for the quarter, down from their previous estimate of $1.32. Jefferies Financial Group has a “Hold” rating and a $105.00 price objective on the stock. Jefferies Financial Group also issued estimates for EOG Resources’ Q1 2020 earnings at $1.19 EPS.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.10). EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the company earned $0.69 earnings per share. The business’s quarterly revenue was up 36.9% on a year-over-year basis.
NYSE EOG opened at $106.60 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.36 and a debt-to-equity ratio of 0.27. EOG Resources has a 12-month low of $82.04 and a 12-month high of $133.53. The stock has a market cap of $62.11 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is 15.88%.
In related news, Director Frank G. Wisner sold 1,296 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total value of $113,114.88. Following the completion of the transaction, the director now directly owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC raised its stake in 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 buying an additional 113 shares in the last quarter. Guidant Wealth Advisors raised its stake in 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 buying an additional 101 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in EOG Resources by 41.2% in the third quarter. Cornerstone Advisors Inc. now owns 490 shares of the energy exploration company’s stock worth $63,000 after buying an additional 143 shares in the last quarter. Quad Cities Investment Group LLC bought a new position in EOG Resources in the first quarter worth about $48,000. Finally, Athena Capital Advisors LLC bought a new position in EOG Resources in the fourth quarter worth about $46,000. 87.89% of the stock is 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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