Wall Street analysts expect that EOG Resources Inc (NYSE:EOG) will announce $4.49 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for EOG Resources’ earnings, with estimates ranging from $4.35 billion to $4.63 billion. EOG Resources reported sales of $4.24 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.9%. The firm is scheduled to announce its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that EOG Resources will report full year sales of $18.09 billion for the current financial year, with estimates ranging from $17.66 billion to $18.88 billion. For the next year, analysts anticipate that the company will report sales of $20.77 billion, with estimates ranging from $19.06 billion to $25.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow EOG Resources.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.16. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Thursday, May 9th. MKM Partners reissued a “neutral” rating and set a $109.00 price target on shares of EOG Resources in a research report on Tuesday, April 16th. Morgan Stanley set a $108.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Wednesday, May 8th. Oppenheimer assumed coverage on shares of EOG Resources in a research report on Wednesday, March 27th. They set an “outperform” rating and a $108.00 price target on the stock. Finally, Tudor Pickering raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $121.84.

In other news, Director Frank G. Wisner sold 1,296 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the sale, the director now owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Rehmann Capital Advisory Group lifted its position in shares of EOG Resources by 37.6% during the first quarter. Rehmann Capital Advisory Group now owns 1,504 shares of the energy exploration company’s stock worth $143,000 after purchasing an additional 411 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of EOG Resources by 4.4% during the first quarter. ZWJ Investment Counsel Inc. now owns 37,994 shares of the energy exploration company’s stock worth $3,616,000 after purchasing an additional 1,599 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of EOG Resources by 0.8% during the first quarter. Advisory Services Network LLC now owns 16,930 shares of the energy exploration company’s stock worth $1,611,000 after purchasing an additional 137 shares in the last quarter. Horizon Investments LLC acquired a new stake in shares of EOG Resources during the first quarter worth about $231,000. Finally, Kore Private Wealth LLC acquired a new stake in shares of EOG Resources during the first quarter worth about $117,000. 87.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of EOG Resources stock traded down $1.69 during trading hours on Friday, reaching $87.16. 3,757,479 shares of the company’s stock were exchanged, compared to its average volume of 3,944,782. EOG Resources has a 1 year low of $82.04 and a 1 year high of $133.53. The firm has a market capitalization of $50.58 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.17 and a beta of 1.24. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a $0.2875 dividend. The ex-dividend date is Tuesday, July 16th. This represents a $1.15 dividend on an annualized basis and a yield of 1.32%. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s dividend payout ratio is presently 15.88%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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

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