EOG Resources Inc. (EOG) Forecasted to Post FY2016 Earnings of ($1.69) Per Share
EOG Resources Inc. (NYSE:EOG) – Stock analysts at Credit Agricole SA lifted their FY2016 EPS estimates for EOG Resources in a note issued to investors on Wednesday. Credit Agricole SA analyst A. Sen now forecasts that the brokerage will earn ($1.69) per share for the year, up from their prior estimate of ($1.74). Credit Agricole SA has a “Underperform” rating and a $98.00 price objective on the stock. Credit Agricole SA also issued estimates for EOG Resources’ FY2017 earnings at $0.80 EPS and FY2018 earnings at $1.84 EPS.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.10. EOG Resources had a negative net margin of 72.18% and a negative return on equity of 6.32%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the firm posted $0.28 EPS. EOG Resources’s quarterly revenue was down 28.1% on a year-over-year basis.
A number of other equities analysts have also recently weighed in on the company. Wunderlich upped their price target on EOG Resources from $104.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, October 7th. Societe Generale lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Barclays PLC reaffirmed an “overweight” rating on shares of EOG Resources in a research report on Friday, September 30th. Citigroup Inc. cut their target price on EOG Resources from $104.00 to $98.00 and set a “buy” rating on the stock in a research report on Thursday, September 22nd. Finally, FBR & Co set a $108.00 target price on EOG Resources and gave the company a “buy” rating in a research report on Monday, September 19th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $92.22.
EOG Resources (NYSE:EOG) opened at 94.48 on Friday. The stock’s market capitalization is $52.02 billion. The company has a 50-day moving average of $92.86 and a 200-day moving average of $84.61. EOG Resources has a 52-week low of $57.15 and a 52-week high of $98.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be paid a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, October 13th. EOG Resources’s dividend payout ratio is currently -7.14%.
In related news, Director Frank G. Wisner sold 2,026 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $92.65, for a total value of $187,708.90. Following the completion of the sale, the director now directly owns 113,125 shares of the company’s stock, valued at approximately $10,481,031.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ann D. Janssen sold 1,064 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $96.73, for a total value of $102,920.72. Following the sale, the vice president now directly owns 56,473 shares of the company’s stock, valued at $5,462,633.29. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Tortoise Investment Management LLC purchased a new stake in EOG Resources during the second quarter worth $100,000. Lenox Wealth Management Inc. increased its stake in EOG Resources by 53.6% in the second quarter. Lenox Wealth Management Inc. now owns 1,465 shares of the energy exploration company’s stock worth $122,000 after buying an additional 511 shares during the period. Pinkerton Retirement Specialists LLC increased its stake in EOG Resources by 819.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,489 shares of the energy exploration company’s stock worth $124,000 after buying an additional 1,327 shares during the period. Citizens Financial Group Inc RI increased its stake in EOG Resources by 2.3% in the second quarter. Citizens Financial Group Inc RI now owns 1,680 shares of the energy exploration company’s stock worth $140,000 after buying an additional 38 shares during the period. Finally, Cypress Capital Management LLC WY purchased a new stake in EOG Resources during the second quarter worth $160,000. 89.44% of the stock is owned by institutional investors.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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