Zacks Research Lowers Earnings Estimates for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Equities researchers at Zacks Research dropped their Q2 2027 earnings per share estimates for shares of EOG Resources in a research report issued to clients and investors on Monday, September 21st. Zacks Research analyst Team now anticipates that the energy exploration company will post earnings per share of $2.99 for the quarter, down from their previous estimate of $3.26. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $16.85 per share. Zacks Research also issued estimates for EOG Resources’ Q4 2027 earnings at $3.61 EPS and Q2 2028 earnings at $2.90 EPS.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the prior year, the firm posted $2.32 earnings per share. The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year.

EOG has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Wall Street Zen downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Wells Fargo & Company reiterated an “overweight” rating and set a $193.00 target price (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating and set a $175.00 price target (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. Finally, Truist Financial raised their price target on EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. One research 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $158.11.

EOG Resources Stock Up 1.7%

EOG stock opened at $141.83 on Tuesday. EOG Resources has a fifty-two week low of $101.59 and a fifty-two week high of $154.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The business has a 50-day moving average of $144.61 and a 200-day moving average of $139.28. The stock has a market capitalization of $74.39 billion, a P/E ratio of 11.04, a P/E/G ratio of 0.52 and a beta of 0.26.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

Insiders Place Their Bets

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the sale, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 7,336 shares of EOG Resources stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the sale, the executive vice president directly owned 100,558 shares of the company’s stock, valued at $14,882,584. The trade was a 6.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. SJS Investment Consulting Inc. increased its stake in shares of EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares during the period. Nemes Rush Group LLC acquired a new position in shares of EOG Resources in the fourth quarter valued at about $30,000. Financial Life Planners bought a new stake in EOG Resources in the 1st quarter valued at about $30,000. Wedbush Fund Advisers LLC acquired a new position in shares of EOG Resources during the 2nd quarter worth approximately $31,000. Finally, Global Assets Advisory LLC bought a new position in shares of EOG Resources during the first quarter worth approximately $37,000. 89.91% of the stock is owned by institutional investors.

EOG Resources News Roundup

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: EOG’s ongoing stock buybacks and growing dividend continue to increase the ownership stake and cash returns associated with each remaining share. The company’s shares have gained about 25% over the past year. Is EOG Resources Stock A Buy For Its Shrinking Share Count?
• Neutral Sentiment: EOG scheduled its third-quarter 2026 earnings conference call for November 6, giving investors a date to assess production, commodity-price exposure, cash flow, and capital returns. EOG Resources Schedules Conference Call and Webcast of Third Quarter 2026 Results
• Neutral Sentiment: Brokerage coverage remains cautious, with Zacks Research and other analysts maintaining a “Hold” view. While buybacks support per-share value, a recent analysis noted that the earnings supporting each share have still contracted over the past three years.
• Negative Sentiment: Zacks Research lowered multiple EPS forecasts, including third-quarter 2026 to $4.08 from $4.42, full-year 2026 to $16.37 from $16.78, full-year 2027 to $13.54 from $14.03, and full-year 2028 to $12.57 from $13.18. The cuts signal expectations for slower profitability and weigh on the stock’s earnings-growth outlook. EOG Resources analyst estimate coverage
• Negative Sentiment: Chief Executive Officer Ezra Yacob sold 11,908 shares worth approximately $1.8 million, equal to about 5% of his direct holdings. Although the sale may be routine, insider selling can add modest short-term pressure or investor caution. Energy Stock CEO Waves Goodbye to Nearly 12,000 Shares

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.