EOG Resources, Inc. (EOG) Issues Quarterly Earnings Results
EOG Resources, Inc. (NYSE:EOG) announced its quarterly earnings results on Thursday. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07, Bloomberg Earnings reports. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the company posted ($0.40) EPS. The company’s revenue was up 24.8% on a year-over-year basis.
Shares of EOG Resources (EOG) traded up $2.21 during trading hours on Friday, reaching $104.50. 4,069,840 shares of the company traded hands, compared to its average volume of 2,340,000. The stock has a market capitalization of $60.42 billion, a PE ratio of 251.10, a P/E/G ratio of 16.47 and a beta of 0.99. EOG Resources has a 12 month low of $81.99 and a 12 month high of $109.37. The company has a current ratio of 1.24, a quick ratio of 1.12 and a debt-to-equity ratio of 0.46.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were paid a dividend of $0.1675 per share. The ex-dividend date was Monday, October 16th. This represents a $0.67 annualized dividend and a yield of 0.64%. EOG Resources’s dividend payout ratio is currently 6,700.00%.
Several research firms have recently weighed in on EOG. Sanford C. Bernstein reiterated an “outperform” rating on shares of EOG Resources in a research report on Friday, July 7th. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a research report on Friday, July 14th. Barclays PLC reiterated an “overweight” rating and set a $101.00 price objective (up from $94.00) on shares of EOG Resources in a research report on Wednesday, August 9th. Citigroup Inc cut shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $112.00 to $98.00 in a research report on Friday, July 21st. Finally, Royal Bank Of Canada set a $115.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have given a buy rating to the company’s stock. EOG Resources has an average rating of “Buy” and an average target price of $108.68.
In related news, Director Charles R. Crisp sold 3,411 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total transaction of $330,969.33. Following the completion of the transaction, the director now owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of EOG Resources stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $88.22, for a total transaction of $352,880.00. Following the sale, the executive vice president now owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,578 shares of company stock valued at $3,700,882. 0.53% of the stock is owned by corporate insiders.
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.
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