Wall Street brokerages expect EOG Resources, Inc. (NYSE:EOG) to announce earnings of $0.13 per share for the current quarter, according to Zacks. Four analysts have made estimates for EOG Resources’ earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at $0.34. EOG Resources posted earnings of ($0.40) per share during the same quarter last year, which indicates a positive year over year growth rate of 132.5%. The business is scheduled to issue its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that EOG Resources will report full-year earnings of $0.61 per share for the current financial year, with EPS estimates ranging from $0.15 to $1.01. For the next year, analysts expect that the business will post earnings of $1.49 per share, with EPS estimates ranging from ($0.09) to $4.27. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for EOG Resources.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by $0.02. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the business earned ($0.38) EPS. The company’s revenue for the quarter was up 47.1% on a year-over-year basis.
Several analysts recently weighed in on the company. BidaskClub cut EOG Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Jefferies Group LLC reissued a “hold” rating and set a $101.00 price target on shares of EOG Resources in a report on Wednesday, August 16th. Scotiabank set a $102.00 price target on EOG Resources and gave the stock a “hold” rating in a report on Friday, August 11th. Barclays PLC reissued an “overweight” rating and set a $101.00 price target (up from $94.00) on shares of EOG Resources in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $108.54.
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Shares of EOG Resources (NYSE EOG) opened at 84.62 on Friday. The firm’s market cap is $48.86 billion. EOG Resources has a 52-week low of $83.29 and a 52-week high of $109.37. The stock’s 50 day moving average is $90.16 and its 200-day moving average is $93.07.
In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $88.22, for a total transaction of $352,880.00. Following the transaction, the executive vice president now directly owns 70,987 shares of the company’s stock, valued at approximately $6,262,473.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.53% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of EOG. State of Alaska Department of Revenue bought a new stake in shares of EOG Resources during the first quarter valued at approximately $458,000. Waldron LP increased its stake in shares of EOG Resources by 81.7% in the first quarter. Waldron LP now owns 4,522 shares of the energy exploration company’s stock valued at $431,000 after buying an additional 2,033 shares during the period. Sigma Planning Corp increased its stake in shares of EOG Resources by 43.4% in the first quarter. Sigma Planning Corp now owns 3,066 shares of the energy exploration company’s stock valued at $299,000 after buying an additional 928 shares during the period. ProShare Advisors LLC increased its stake in shares of EOG Resources by 4.4% in the first quarter. ProShare Advisors LLC now owns 126,611 shares of the energy exploration company’s stock valued at $12,351,000 after buying an additional 5,359 shares during the period. Finally, B & T Capital Management DBA Alpha Capital Management increased its stake in shares of EOG Resources by 0.8% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 11,269 shares of the energy exploration company’s stock valued at $1,099,000 after buying an additional 86 shares during the period. 83.25% of the stock is currently owned by institutional investors and hedge funds.
EOG Resources Company Profile
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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