EOG Resources Inc (NYSE:EOG) Expected to Post Quarterly Sales of $4.48 Billion
Wall Street brokerages expect EOG Resources Inc (NYSE:EOG) to report $4.48 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for EOG Resources’ earnings. The lowest sales estimate is $4.35 billion and the highest is $4.63 billion. EOG Resources reported sales of $4.24 billion in the same quarter last year, which would suggest a positive year over year growth rate of 5.7%. The business is scheduled to report its next earnings results on Thursday, August 1st.
According to Zacks, analysts expect that EOG Resources will report full-year sales of $18.02 billion for the current year, with estimates ranging from $17.17 billion to $18.88 billion. For the next year, analysts forecast that the firm will post sales of $20.67 billion, with estimates ranging from $18.39 billion to $25.85 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for EOG Resources.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.16. EOG Resources had a return on equity of 17.10% and a net margin of 19.35%. The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The company’s revenue was up 10.3% compared to the same quarter last year.
Several large investors have recently bought and sold shares of EOG. Midwest Professional Planners LTD. bought a new position in EOG Resources in the 1st quarter worth approximately $212,000. Nomura Asset Management Co. Ltd. grew its holdings in EOG Resources by 7.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 95,547 shares of the energy exploration company’s stock worth $8,333,000 after buying an additional 6,689 shares in the last quarter. American International Group Inc. grew its holdings in EOG Resources by 5.7% in the 4th quarter. American International Group Inc. now owns 244,278 shares of the energy exploration company’s stock worth $21,303,000 after buying an additional 13,180 shares in the last quarter. KG&L Capital Management LLC bought a new position in EOG Resources in the 1st quarter worth approximately $388,000. Finally, Culbertson A N & Co. Inc. grew its holdings in EOG Resources by 1.4% in the 1st quarter. Culbertson A N & Co. Inc. now owns 39,524 shares of the energy exploration company’s stock worth $3,762,000 after buying an additional 544 shares in the last quarter. 86.80% of the stock is owned by institutional investors.
Shares of NYSE:EOG traded down $1.32 during trading on Monday, hitting $85.17. The company’s stock had a trading volume of 2,759,498 shares, compared to its average volume of 3,217,899. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 1.14. EOG Resources has a fifty-two week low of $80.41 and a fifty-two week high of $133.53. The stock has a market cap of $50.19 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.06 and a beta of 1.29.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, July 16th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. This represents a $1.15 annualized dividend and a dividend yield of 1.35%. EOG Resources’s dividend payout ratio is 15.88%.
About EOG Resources
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.