Zacks: Brokerages Anticipate EOG Resources, Inc. (EOG) to Post $0.43 Earnings Per Share
Wall Street brokerages expect EOG Resources, Inc. (NYSE:EOG) to report earnings per share (EPS) of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for EOG Resources’ earnings. The lowest EPS estimate is $0.30 and the highest is $0.75. EOG Resources posted earnings of ($0.01) per share in the same quarter last year, which suggests a positive year over year growth rate of 4,400%. The business is scheduled to issue its next quarterly earnings report on Monday, February 26th.
On average, analysts expect that EOG Resources will report full-year earnings of $0.84 per share for the current fiscal year, with EPS estimates ranging from $0.64 to $1.18. For the next financial year, analysts forecast that the firm will post earnings of $2.17 per share, with EPS estimates ranging from $1.04 to $4.66. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow EOG Resources.
EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the company posted ($0.40) EPS. The business’s quarterly revenue was up 24.8% on a year-over-year basis.
EOG has been the topic of several research reports. Morgan Stanley set a $116.00 price objective on EOG Resources and gave the company a “buy” rating in a research report on Wednesday, October 18th. Barclays raised their price objective on EOG Resources from $101.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Zacks Investment Research lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Credit Suisse Group initiated coverage on EOG Resources in a research report on Monday. They issued a “neutral” rating and a $106.00 price objective on the stock. Finally, BMO Capital Markets set a $105.00 price objective on EOG Resources and gave the company a “buy” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $109.83.
In related news, insider Gary L. Thomas sold 25,000 shares of EOG Resources stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the transaction, the insider now directly owns 1,067,465 shares in the company, valued at $103,149,142.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 6,167 shares of EOG Resources stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.50, for a total value of $601,282.50. Following the completion of the transaction, the executive vice president now owns 74,316 shares of the company’s stock, valued at $7,245,810. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 153,692 shares of company stock worth $3,717,390. Corporate insiders own 0.53% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Capital Research Global Investors boosted its stake in EOG Resources by 14.7% in the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after acquiring an additional 5,368,941 shares during the period. Vanguard Group Inc. boosted its stake in EOG Resources by 2.6% in the second quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock valued at $3,727,570,000 after acquiring an additional 1,058,276 shares during the period. Capital World Investors boosted its stake in EOG Resources by 9.9% in the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after acquiring an additional 1,568,085 shares during the period. Northern Trust Corp boosted its stake in EOG Resources by 8.7% in the second quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock valued at $724,272,000 after acquiring an additional 638,183 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in EOG Resources by 8.0% in the second quarter. Alliancebernstein L.P. now owns 6,914,602 shares of the energy exploration company’s stock valued at $625,910,000 after acquiring an additional 511,099 shares during the period. Institutional investors and hedge funds own 86.20% of the company’s stock.
EOG Resources (NYSE:EOG) traded down $1.09 during trading hours on Friday, reaching $98.55. The company’s stock had a trading volume of 4,327,398 shares, compared to its average volume of 3,073,387. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46. EOG Resources has a one year low of $81.99 and a one year high of $107.95. The stock has a market capitalization of $56,980.00, a price-to-earnings ratio of 243.76, a PEG ratio of 13.18 and a beta of 0.98.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be given a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, January 16th. EOG Resources’s payout ratio is 6,700.00%.
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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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