EOG Resources Inc (NYSE:EOG) – Capital One Financial lifted their FY2019 earnings per share estimates for shares of EOG Resources in a report issued on Thursday, November 7th. Capital One Financial analyst P. Johnston now anticipates that the energy exploration company will post earnings per share of $4.71 for the year, up from their previous forecast of $4.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 EPS for the quarter, hitting analysts’ consensus estimates of $1.13. The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The business’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.75 earnings per share.

A number of other analysts have also recently commented on the company. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co upped their price target on EOG Resources from $101.00 to $103.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Raymond James reduced their price target on EOG Resources from $105.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. KeyCorp reduced their price target on EOG Resources from $110.00 to $97.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Finally, Morgan Stanley dropped their price objective on EOG Resources from $97.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $108.50.

Shares of EOG opened at $73.82 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $71.58 and a two-hundred day simple moving average of $82.04. The stock has a market cap of $42.97 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.74 and a beta of 1.34. EOG Resources has a 52 week low of $64.33 and a 52 week high of $108.78.

A number of institutional investors have recently made changes to their positions in EOG. Knuff & Co LLC bought a new position in EOG Resources during the second quarter valued at approximately $28,000. Quest Capital Management Inc. ADV bought a new position in EOG Resources during the third quarter valued at approximately $28,000. Truvestments Capital LLC bought a new position in EOG Resources during the second quarter valued at approximately $33,000. Tortoise Investment Management LLC bought a new position in EOG Resources during the second quarter valued at approximately $34,000. Finally, Mizuho Securities Co. Ltd. bought a new position in EOG Resources during the second quarter valued at approximately $37,000. 86.33% of the stock is owned by institutional investors.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Wednesday, October 16th. EOG Resources’s dividend payout ratio (DPR) is 20.76%.

EOG Resources Company Profile

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.

See Also: How to identify percentage decliners

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

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.