Zacks Research Lifts Earnings Estimates for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Research analysts at Zacks Research raised their Q1 2027 earnings per share (EPS) estimates for shares of EOG Resources in a note issued to investors on Monday, April 6th. Zacks Research analyst Team now anticipates that the energy exploration company will earn $2.29 per share for the quarter, up from their previous forecast of $2.27. Zacks Research has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. Zacks Research also issued estimates for EOG Resources’ Q1 2028 earnings at $2.68 EPS and FY2028 earnings at $11.13 EPS.

Other analysts have also recently issued reports about the company. Susquehanna dropped their target price on EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a report on Thursday, February 26th. Wells Fargo & Company upped their target price on EOG Resources from $127.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, March 16th. KeyCorp cut EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Mizuho increased their price target on EOG Resources from $146.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $145.11.

EOG Resources Stock Up 0.3%

Shares of NYSE:EOG opened at $143.02 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $127.76 and a two-hundred day moving average of $114.86. The stock has a market cap of $76.62 billion, a P/E ratio of 15.70, a PEG ratio of 3.03 and a beta of 0.32. EOG Resources has a 52-week low of $101.59 and a 52-week high of $151.87.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $2.74 EPS.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s dividend payout ratio is presently 44.79%.

Insider Activity

In related news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 18,230 shares of company stock worth $2,522,568. 0.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EOG Resources

A number of hedge funds have recently bought and sold shares of the stock. Hemington Wealth Management raised its position in EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after purchasing an additional 93 shares in the last quarter. Bollard Group LLC raised its position in EOG Resources by 0.8% in the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after purchasing an additional 93 shares in the last quarter. apricus wealth LLC raised its position in EOG Resources by 5.0% in the 3rd quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after purchasing an additional 95 shares in the last quarter. Sowell Financial Services LLC raised its position in EOG Resources by 1.6% in the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 96 shares in the last quarter. Finally, Hardy Reed LLC raised its position in EOG Resources by 4.5% in the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.