EOG Resources, Inc. (EOG) Expected to Post Earnings of $0.13 Per Share
Equities analysts expect EOG Resources, Inc. (NYSE:EOG) to report earnings of $0.13 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for EOG Resources’ earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at ($0.07). EOG Resources reported earnings of ($0.40) per share in the same quarter last year, which would indicate a positive year over year growth rate of 132.5%. The company is expected to report its next earnings results 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 forecast that the company will report earnings of $1.49 per share, with EPS estimates ranging from ($0.09) to $4.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover EOG Resources.
EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The company’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.38) earnings per share.
Several equities analysts have issued reports on the company. BMO Capital Markets reiterated a “buy” rating on shares of EOG Resources in a research report on Tuesday, May 9th. Wells Fargo & Company upgraded EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Wednesday, May 10th. Scotiabank set a $100.00 target price on EOG Resources and gave the stock a “hold” rating in a research report on Saturday, July 1st. Jefferies Group LLC reiterated a “hold” rating and set a $101.00 target price on shares of EOG Resources in a research report on Wednesday, August 16th. Finally, Barclays PLC boosted their target price on EOG Resources from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have issued a buy rating to the stock. EOG Resources presently has a consensus rating of “Buy” and a consensus target price of $108.54.
EOG Resources (NYSE:EOG) opened at 84.51 on Friday. The firm has a 50-day moving average price of $90.04 and a 200 day moving average price of $92.96. The stock’s market capitalization is $48.80 billion. EOG Resources has a 12 month low of $83.29 and a 12 month high of $109.37.
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In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the sale, the executive vice president now directly owns 70,987 shares in the company, valued at approximately $6,262,473.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in EOG. IHT Wealth Management LLC increased its stake in shares of EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after buying an additional 41 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock valued at $104,000 after buying an additional 401 shares in the last quarter. Advantage Investment Management LLC increased its stake in shares of EOG Resources by 16.6% in the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 154 shares in the last quarter. Winfield Associates Inc. increased its stake in shares of EOG Resources by 5.3% in the first quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock valued at $111,000 after buying an additional 57 shares in the last quarter. Finally, Exane Derivatives increased its stake in shares of EOG Resources by 19.8% in the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock valued at $105,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 85.47% 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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