EOG Resources, Inc. (NYSE:EOG) – Investment analysts at US Capital Advisors cut their Q3 2017 EPS estimates for shares of EOG Resources in a report issued on Tuesday, according to Zacks Investment Research. US Capital Advisors analyst C. Horwitz now anticipates that the energy exploration company will post earnings of $0.11 per share for the quarter, down from their previous estimate of $0.23. US Capital Advisors also issued estimates for EOG Resources’ Q4 2017 earnings at $0.31 EPS, FY2017 earnings at $0.65 EPS, Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.43 EPS.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.40) EPS.
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Several other equities research analysts have also recently commented on the stock. Imperial Capital started coverage on shares of EOG Resources in a research report on Thursday, September 28th. They set an “outperform” rating and a $115.00 price target on the stock. Morgan Stanley raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $97.00 to $106.00 in a research report on Tuesday, September 12th. Barclays PLC reissued an “overweight” rating and set a $101.00 price target (up from $94.00) on shares of EOG Resources in a research report on Thursday, August 3rd. BMO Capital Markets set a $105.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Finally, Jefferies Group LLC boosted their price target on shares of EOG Resources from $95.00 to $99.00 and gave the stock a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $108.96.
EOG Resources (NYSE EOG) traded down $0.20 on Thursday, reaching $104.58. 3,383,200 shares of the company traded hands, compared to its average volume of 3,137,529. The company has a market cap of $60,585.80, a PE ratio of 255.56, a P/E/G ratio of 15.00 and a beta of 0.99. EOG Resources has a 1-year low of $81.99 and a 1-year high of $109.37. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were paid a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s payout ratio is currently 6,700.00%.
In other news, EVP David W. Trice sold 3,114 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $106.65, for a total transaction of $332,108.10. Following the completion of the sale, the executive vice president now directly owns 80,415 shares in the company, valued at $8,576,259.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles R. Crisp sold 3,411 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $97.03, for a total transaction of $330,969.33. Following the sale, the director now owns 53,196 shares of the company’s stock, valued at $5,161,607.88. The disclosure for this sale can be found here. Insiders have sold 41,692 shares of company stock valued at $4,032,990 in the last ninety days. Insiders own 0.53% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Gagnon Securities LLC grew its holdings in EOG Resources by 0.3% in the second quarter. Gagnon Securities LLC now owns 3,018 shares of the energy exploration company’s stock worth $273,000 after purchasing an additional 8 shares during the period. Guardian Life Insurance Co. of America lifted its stake in shares of EOG Resources by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,223 shares of the energy exploration company’s stock valued at $217,000 after buying an additional 15 shares in the last quarter. Winfield Associates Inc. lifted its stake in shares of EOG Resources by 1.7% in the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after buying an additional 19 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of EOG Resources by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 5,007 shares of the energy exploration company’s stock valued at $418,000 after buying an additional 23 shares in the last quarter. Finally, Bank of The West lifted its stake in shares of EOG Resources by 0.8% in the second quarter. Bank of The West now owns 3,751 shares of the energy exploration company’s stock valued at $339,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.
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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