Zacks Research Raises Earnings Estimates for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Stock analysts at Zacks Research increased their Q3 2026 earnings estimates for EOG Resources in a research report issued to clients and investors on Thursday, October 22nd. Zacks Research analyst Team now anticipates that the energy exploration company will post earnings per share of $4.16 for the quarter, up from their previous estimate of $4.08. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $17.70 per share. Zacks Research also issued estimates for EOG Resources’ Q4 2026 earnings at $4.11 EPS, FY2026 earnings at $16.75 EPS, Q1 2027 earnings at $4.13 EPS, Q2 2027 earnings at $3.32 EPS, Q3 2027 earnings at $3.46 EPS, Q4 2027 earnings at $3.18 EPS, FY2027 earnings at $14.10 EPS, Q3 2028 earnings at $3.17 EPS and FY2028 earnings at $11.48 EPS.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. EOG Resources’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.32 earnings per share.

A number of other equities analysts have also commented on the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $186.00 price objective (up from $183.00) on shares of EOG Resources in a research note on Thursday, September 17th. Scotiabank began coverage on EOG Resources in a report on Wednesday, October 14th. They issued a “sector perform” rating and a $144.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Seaport Research Partners assumed coverage on shares of EOG Resources in a report on Thursday, September 3rd. They set a “neutral” rating for the company. Finally, Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average target price of $161.24.

EOG Resources Stock Up 0.4%

Shares of NYSE:EOG opened at $163.63 on Monday. The firm has a market cap of $85.83 billion, a P/E ratio of 12.73, a P/E/G ratio of 0.58 and a beta of 0.36. The business has a fifty day simple moving average of $147.57 and a 200 day simple moving average of $135.31. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources has a 12-month low of $101.59 and a 12-month high of $165.11.

Hedge Funds Weigh In On EOG Resources

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of EOG Resources in the 2nd quarter valued at $5,905,587,000. Dimensional Fund Advisors LP grew its holdings in EOG Resources by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock worth $848,228,000 after purchasing an additional 54,091 shares during the period. Bank of New York Mellon Corp bought a new stake in EOG Resources in the second quarter valued at $654,899,000. Bank of America Corp DE bought a new stake in EOG Resources in the second quarter valued at $551,321,000. Finally, First Trust Advisors LP increased its stake in EOG Resources by 15.7% in the first quarter. First Trust Advisors LP now owns 3,446,002 shares of the energy exploration company’s stock valued at $498,189,000 after purchasing an additional 468,090 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Jeffrey Leitzell sold 9,039 shares of the company’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the sale, the chief operating officer owned 90,790 shares in the company, valued at $12,765,981.90. This represents a 9.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael Donaldson sold 7,336 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the sale, the executive vice president directly owned 100,558 shares of the company’s stock, valued at $14,882,584. This represents a 6.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 52,317 shares of company stock valued at $7,823,480 in the last ninety days. 0.14% of the stock is owned by company insiders.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.5%. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.