Capital One Financial Brokers Boost Earnings Estimates for EOG Resources, Inc. (NYSE:EOG)
EOG Resources, Inc. (NYSE:EOG – Free Report) – Equities research analysts at Capital One Financial upped their Q2 2024 earnings per share (EPS) estimates for shares of EOG Resources in a report issued on Thursday, April 11th. Capital One Financial analyst P. Johnston now forecasts that the energy exploration company will earn $3.03 per share for the quarter, up from their prior forecast of $3.02. The consensus estimate for EOG Resources’ current full-year earnings is $11.95 per share. Capital One Financial also issued estimates for EOG Resources’ Q3 2024 earnings at $3.07 EPS, Q4 2024 earnings at $3.11 EPS and FY2025 earnings at $12.44 EPS.
Other research analysts have also recently issued research reports about the company. Barclays initiated coverage on EOG Resources in a research note on Wednesday. They issued an “equal weight” rating and a $144.00 price target on the stock. KeyCorp decreased their price target on shares of EOG Resources from $157.00 to $147.00 and set an “overweight” rating for the company in a research report on Thursday, January 11th. TD Securities dropped their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $147.00 to $140.00 in a report on Friday, January 5th. Finally, Scotiabank lowered shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their target price for the company from $135.00 to $155.00 in a research note on Thursday. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $140.76.
View Our Latest Analysis on EOG Resources
EOG Resources Stock Performance
NYSE:EOG opened at $135.33 on Friday. The firm has a 50-day moving average of $121.36 and a two-hundred day moving average of $121.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The stock has a market cap of $77.84 billion, a P/E ratio of 10.40 and a beta of 1.40. EOG Resources has a 1-year low of $106.32 and a 1-year high of $139.67.
EOG Resources (NYSE:EOG – Get Free Report) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter last year, the company posted $3.30 earnings per share. EOG Resources’s revenue for the quarter was down 5.4% compared to the same quarter last year.
EOG Resources Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is 27.98%.
Institutional Trading of EOG Resources
Hedge funds have recently bought and sold shares of the company. Fortis Capital Advisors LLC bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $28,000. Lumature Wealth Partners LLC bought a new stake in EOG Resources during the 1st quarter valued at $28,000. McIlrath & Eck LLC boosted its position in EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares in the last quarter. Finally, Peoples Bank KS acquired a new position in shares of EOG Resources during the third quarter valued at $31,000. 89.91% of the stock is currently owned by institutional investors.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.
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