EOG Resources, Inc. (EOG) to Post FY2017 Earnings of $0.73 Per Share, Imperial Capital Forecasts
EOG Resources, Inc. (NYSE:EOG) – Analysts at Imperial Capital increased their FY2017 earnings per share estimates for shares of EOG Resources in a report released on Monday. Imperial Capital analyst I. Haas now anticipates that the energy exploration company will earn $0.73 per share for the year, up from their previous estimate of $0.60. Imperial Capital currently has a “Outperform” rating and a $115.00 price target on the stock. Imperial Capital also issued estimates for EOG Resources’ Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.58 EPS and FY2020 earnings at $1.85 EPS.
Several other brokerages also recently commented on EOG. Stifel Nicolaus restated a “buy” rating and issued a $111.00 target price on shares of EOG Resources in a research note on Friday, July 14th. Barclays PLC restated an “overweight” rating and issued a $101.00 target price (up from $94.00) on shares of EOG Resources in a research note on Wednesday, August 9th. Citigroup Inc. downgraded EOG Resources from a “buy” rating to a “neutral” rating and reduced their target price for the company from $112.00 to $98.00 in a research note on Friday, July 21st. Royal Bank Of Canada set a $115.00 target price on EOG Resources and gave the company a “hold” rating in a research note on Sunday, July 16th. Finally, Zacks Investment Research upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have assigned a buy rating to the stock. EOG Resources has a consensus rating of “Buy” and a consensus price target of $108.96.
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Shares of EOG Resources (NYSE EOG) opened at $106.09 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. The company has a market capitalization of $61,360.00, a PE ratio of 254.88, a PEG ratio of 16.53 and a beta of 0.99. EOG Resources has a 12 month low of $81.99 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the business posted ($0.40) EPS.
Hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC increased its holdings 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 worth $101,000 after purchasing an additional 41 shares during the period. Baker Ellis Asset Management LLC bought a new position in shares of EOG Resources in the third quarter worth $101,000. Winfield Associates Inc. increased its holdings 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 purchasing an additional 19 shares during the period. Exane Derivatives increased its holdings 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 worth $105,000 after purchasing an additional 192 shares during the period. Finally, First Personal Financial Services increased its holdings in shares of EOG Resources by 53.6% in the second quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock worth $124,000 after purchasing an additional 479 shares during the period. 85.34% of the stock is currently owned by institutional investors and hedge funds.
In other EOG Resources news, EVP David W. Trice sold 3,114 shares of the business’s 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 sale, the executive vice president now owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $88.22, for a total transaction of $352,880.00. Following the sale, the executive vice president now directly owns 70,987 shares in the company, valued at approximately $6,262,473.14. The disclosure for this sale can be found here. Insiders have sold a total of 41,692 shares of company stock worth $4,032,990 in the last three months. Insiders own 0.53% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th were issued a dividend of $0.1675 per share. The ex-dividend date of this dividend was Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a yield of 0.63%. EOG Resources’s payout ratio is 6,700.00%.
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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