Zacks Research Forecasts Higher Earnings for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Equities researchers at Zacks Research lifted their Q2 2026 earnings estimates for EOG Resources in a research report issued to clients and investors on Thursday, July 23rd. Zacks Research analyst Team now forecasts that the energy exploration company will earn $4.80 per share for the quarter, up from their previous forecast of $4.67. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $16.19 per share. Zacks Research also issued estimates for EOG Resources’ Q4 2026 earnings at $3.50 EPS, Q1 2027 earnings at $3.47 EPS, Q3 2027 earnings at $3.03 EPS, FY2027 earnings at $13.05 EPS and Q2 2028 earnings at $3.49 EPS.

Other research analysts also recently issued reports about the company. Morgan Stanley dropped their price objective on EOG Resources from $160.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Friday, June 26th. DA Davidson lifted their target price on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Stephens dropped their price target on EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. Williams Trading set a $177.00 price target on EOG Resources in a report on Monday, April 20th. Finally, Wells Fargo & Company set a $196.00 price objective on shares of EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $155.32.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $145.47 on Friday. The business has a 50-day moving average price of $136.63 and a two-hundred day moving average price of $129.79. EOG Resources has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The company has a market cap of $77.48 billion, a P/E ratio of 14.32 and a beta of 0.25.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.87 earnings per share.

Hedge Funds Weigh In On EOG Resources

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of EOG Resources by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after acquiring an additional 446,341 shares during the last quarter. State Street Corp grew its stake in EOG Resources by 0.3% in the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock valued at $3,209,365,000 after purchasing an additional 100,080 shares during the period. Charles Schwab Investment Management Inc. grew its stake in EOG Resources by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after purchasing an additional 371,548 shares during the period. Geode Capital Management LLC increased its position in shares of EOG Resources by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock valued at $1,364,309,000 after purchasing an additional 95,260 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of EOG Resources by 1.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock valued at $683,382,000 after purchasing an additional 122,112 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

About EOG Resources

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.