EOG Resources (NYSE:EOG – Get Free Report) released its earnings results on Thursday. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12, Briefing.com reports. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the company posted $2.69 EPS. EOG Resources’s revenue was up 1.3% compared to the same quarter last year.
EOG Resources Price Performance
Shares of NYSE:EOG traded down $1.78 during trading on Friday, hitting $130.02. 5,660,186 shares of the stock were exchanged, compared to its average volume of 3,390,405. EOG Resources has a 12-month low of $106.32 and a 12-month high of $139.67. The company has a market cap of $74.79 billion, a PE ratio of 9.99 and a beta of 1.38. The company has a fifty day moving average price of $127.11 and a two-hundred day moving average price of $122.60. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13.
EOG Resources Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.80%. EOG Resources’s payout ratio is 27.98%.
Wall Street Analysts Forecast Growth
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EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.
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