Capital One Financial Corp. Weighs in on EOG Resources Inc.’s FY2016 Earnings (EOG)
EOG Resources Inc. (NYSE:EOG) – Research analysts at Capital One Financial Corp. dropped their FY2016 EPS estimates for EOG Resources in a research note issued to investors on Monday. Capital One Financial Corp. analyst P. Johnston now anticipates that the firm will post earnings of ($1.73) per share for the year, down from their prior forecast of ($1.49). Capital One Financial Corp. also issued estimates for EOG Resources’ Q4 2016 earnings at ($0.11) EPS and FY2017 earnings at ($0.28) EPS.
EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.09. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the firm earned $0.02 earnings per share. EOG Resources’s revenue for the quarter was down 2.5% on a year-over-year basis.
Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada increased their price target on shares of EOG Resources from $98.00 to $105.00 and gave the company a “sector perform” rating in a report on Tuesday. Barclays PLC increased their price target on shares of EOG Resources from $83.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, July 14th. Bank of America Corp. reiterated a “hold” rating and issued a $110.00 price target on shares of EOG Resources in a report on Friday, November 4th. Credit Agricole SA increased their price target on shares of EOG Resources from $93.00 to $98.00 and gave the company an “underperform” rating in a report on Wednesday, September 7th. Finally, FBR & Co initiated coverage on shares of EOG Resources in a report on Tuesday, September 13th. They issued an “outperform” rating and a $108.00 price target for the company. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $93.26.
EOG Resources (NYSE:EOG) opened at 92.63 on Wednesday. The firm’s 50-day moving average is $93.58 and its 200-day moving average is $86.96. The stock’s market capitalization is $53.40 billion. EOG Resources has a 52 week low of $57.15 and a 52 week high of $98.32.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 17th were issued a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Thursday, October 13th. EOG Resources’s dividend payout ratio is presently -29.65%.
In other EOG Resources news, VP Ann D. Janssen sold 1,310 shares of EOG Resources stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $94.13, for a total value of $123,310.30. Following the completion of the transaction, the vice president now owns 54,073 shares of the company’s stock, valued at $5,089,891.49. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David W. Trice sold 4,600 shares of EOG Resources stock in a transaction on Friday, September 30th. The stock was sold at an average price of $97.08, for a total transaction of $446,568.00. Following the completion of the transaction, the executive vice president now directly owns 62,050 shares of the company’s stock, valued at approximately $6,023,814. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in EOG. Capital Research Global Investors increased its position in EOG Resources by 3.4% in the second quarter. Capital Research Global Investors now owns 43,151,080 shares of the energy exploration company’s stock worth $3,599,663,000 after buying an additional 1,423,493 shares in the last quarter. Vanguard Group Inc. increased its position in shares of EOG Resources by 1.8% in the second quarter. Vanguard Group Inc. now owns 39,329,789 shares of the energy exploration company’s stock valued at $3,280,891,000 after buying an additional 680,874 shares during the period. State Street Corp increased its position in shares of EOG Resources by 1.0% in the second quarter. State Street Corp now owns 27,064,265 shares of the energy exploration company’s stock valued at $2,257,702,000 after buying an additional 268,950 shares during the period. Capital World Investors increased its position in shares of EOG Resources by 17.0% in the second quarter. Capital World Investors now owns 15,441,504 shares of the energy exploration company’s stock valued at $1,288,130,000 after buying an additional 2,246,141 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of EOG Resources by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,915,769 shares of the energy exploration company’s stock valued at $994,014,000 after buying an additional 322,970 shares during the period. 89.48% of the stock is owned by hedge funds and other institutional investors.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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