Brokerages predict that EOG Resources Inc (NYSE:EOG) will report $3.23 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for EOG Resources’ earnings, with the highest sales estimate coming in at $3.56 billion and the lowest estimate coming in at $2.61 billion. EOG Resources posted sales of $2.61 billion during the same quarter last year, which suggests a positive year over year growth rate of 23.8%. The firm is expected to issue its next quarterly earnings report on Monday, May 14th.
According to Zacks, analysts expect that EOG Resources will report full year sales of $3.23 billion for the current fiscal year, with estimates ranging from $11.01 billion to $15.60 billion. For the next year, analysts anticipate that the company will report sales of $16.06 billion per share, with estimates ranging from $14.17 billion to $17.57 billion. Zacks’ sales averages 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 Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.30. The business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.03 billion. EOG Resources had a net margin of 23.04% and a return on equity of 4.47%.
A number of analysts have recently commented on EOG shares. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a report on Monday, January 15th. Credit Suisse Group started coverage on shares of EOG Resources in a report on Monday, December 11th. They set a “neutral” rating and a $106.00 target price on the stock. Robert W. Baird dropped their target price on shares of EOG Resources from $115.00 to $114.00 and set an “outperform” rating on the stock in a report on Monday, December 18th. Citigroup upgraded shares of EOG Resources from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Wednesday, January 3rd. Finally, Argus boosted their target price on shares of EOG Resources to $133.00 and gave the company a “buy” rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $118.88.
In other EOG Resources news, President Gary L. Thomas sold 2,000 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $107.95, for a total value of $215,900.00. Following the completion of the transaction, the president now owns 1,046,430 shares of the company’s stock, valued at approximately $112,962,118.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Timothy K. Driggers sold 8,871 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $105.45, for a total value of $935,446.95. Following the completion of the transaction, the chief financial officer now directly owns 185,157 shares of the company’s stock, valued at approximately $19,524,805.65. The disclosure for this sale can be found here. In the last three months, insiders sold 69,934 shares of company stock valued at $7,820,085. 0.53% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. increased its position in shares of EOG Resources by 43.1% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,006,886 shares of the energy exploration company’s stock valued at $387,626,000 after purchasing an additional 1,206,576 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of EOG Resources by 21.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,412,802 shares of the energy exploration company’s stock valued at $620,361,000 after purchasing an additional 1,118,898 shares during the last quarter. Northside Capital Management LLC purchased a new stake in shares of EOG Resources during the 4th quarter valued at about $82,404,000. Element Capital Management LLC purchased a new stake in shares of EOG Resources during the 4th quarter valued at about $81,570,000. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of EOG Resources during the 3rd quarter valued at about $64,975,000. 84.74% of the stock is owned by institutional investors and hedge funds.
Shares of EOG Resources (EOG) opened at $102.80 on Friday. The firm has a market cap of $60,790.00, a price-to-earnings ratio of -32.74, a P/E/G ratio of 3.25 and a beta of 1.09. EOG Resources has a fifty-two week low of $81.99 and a fifty-two week high of $119.00. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 0.37.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be given a $0.185 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, April 13th. This represents a $0.74 dividend on an annualized basis and a yield of 0.72%. EOG Resources’s payout ratio is -21.34%.
EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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