EOG Resources, Inc. (NYSE:EOG) – Equities research analysts at US Capital Advisors cut their Q3 2017 EPS estimates for shares of EOG Resources in a note issued to investors on Tuesday. US Capital Advisors analyst C. Horwitz now forecasts that the energy exploration company will earn $0.06 per share for the quarter, down from their previous estimate of $0.19. US Capital Advisors also issued estimates for EOG Resources’ Q4 2017 earnings at $0.10 EPS, FY2017 earnings at $0.38 EPS, Q1 2018 earnings at $0.17 EPS and FY2018 earnings at $0.78 EPS.

EOG Resources (NYSE:EOG) last released its earnings results on Monday, May 8th. The energy exploration company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. EOG Resources had a negative net margin of 6.70% and a negative return on equity of 2.69%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the business earned ($0.83) EPS. The firm’s revenue was up 92.8% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “Equities Analysts Set Expectations for EOG Resources, Inc.’s Q3 2017 Earnings (NYSE:EOG)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/07/equities-analysts-set-expectations-for-eog-resources-inc-s-q3-2017-earnings-nyseeog-updated.html.

Other equities analysts have also recently issued reports about the company. Iberia Capital boosted their price target on EOG Resources from $109.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, April 3rd. UBS AG raised EOG Resources from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $106.00 to $109.00 in a report on Thursday, March 30th. BMO Capital Markets reissued a “buy” rating on shares of EOG Resources in a report on Tuesday, May 9th. Royal Bank Of Canada reissued a “hold” rating and issued a $109.00 price target on shares of EOG Resources in a report on Tuesday, April 25th. Finally, Wells Fargo & Company raised EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Wednesday, May 10th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $109.27.

Shares of EOG Resources (NYSE EOG) opened at 95.98 on Thursday. The firm’s 50-day moving average is $90.41 and its 200-day moving average is $95.15. The company’s market cap is $55.41 billion. EOG Resources has a 1-year low of $78.26 and a 1-year high of $109.37.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gagnon Securities LLC increased its position in shares of 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 buying an additional 8 shares in the last quarter. Argent Trust Co increased its position in shares of EOG Resources by 0.3% in the first quarter. Argent Trust Co now owns 5,340 shares of the energy exploration company’s stock worth $521,000 after buying an additional 15 shares in the last quarter. Guardian Life Insurance Co. of America increased its position 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 worth $217,000 after buying an additional 15 shares in the last quarter. Capital Advisors Inc. OK increased its position in shares of EOG Resources by 0.3% in the first quarter. Capital Advisors Inc. OK now owns 5,943 shares of the energy exploration company’s stock worth $580,000 after buying an additional 16 shares in the last quarter. Finally, Winfield Associates Inc. increased its position 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 worth $103,000 after buying an additional 19 shares in the last quarter. 84.91% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for EOG Resources (NYSE:EOG)

Receive News & Stock Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related stocks with our FREE daily email newsletter.