Wall Street analysts expect that EOG Resources Inc (NYSE:EOG) will report $4.79 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for EOG Resources’ earnings, with estimates ranging from $4.53 billion to $4.98 billion. EOG Resources reported sales of $3.34 billion during the same quarter last year, which indicates a positive year over year growth rate of 43.4%. The company is scheduled to report its next earnings results on Tuesday, February 26th.

On average, analysts expect that EOG Resources will report full-year sales of $17.46 billion for the current year, with estimates ranging from $16.63 billion to $17.87 billion. For the next financial year, analysts expect that the business will report sales of $21.06 billion, with estimates ranging from $20.12 billion to $22.56 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for EOG Resources.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.19. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.20 billion. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The business’s quarterly revenue was up 80.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 EPS.

Several research analysts have weighed in on the company. Zacks Investment Research lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $143.00 price target on shares of EOG Resources in a research report on Friday, July 20th. ValuEngine lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Morgan Stanley decreased their target price on EOG Resources from $128.00 to $122.00 and set a “hold” rating on the stock in a report on Thursday, August 16th. Finally, Stifel Nicolaus lowered EOG Resources to a “hold” rating and set a $148.00 target price on the stock. in a report on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $138.04.

NYSE:EOG opened at $98.07 on Thursday. The company has a market cap of $58.72 billion, a price-to-earnings ratio of 87.56, a P/E/G ratio of 1.19 and a beta of 1.16. EOG Resources has a twelve month low of $96.54 and a twelve month high of $133.53. The company has a current ratio of 1.09, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28.

In related news, Director Charles R. Crisp sold 1,792 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total value of $209,305.60. Following the completion of the sale, the director now directly owns 49,741 shares in the company, valued at approximately $5,809,748.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David W. Trice sold 2,489 shares of the business’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of $127.44, for a total value of $317,198.16. Following the completion of the sale, the executive vice president now owns 74,807 shares of the company’s stock, valued at $9,533,404.08. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NuWave Investment Management LLC boosted its stake in EOG Resources by 2,366.7% in the 3rd quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock valued at $151,000 after purchasing an additional 1,136 shares during the period. Transamerica Financial Advisors Inc. bought a new stake in EOG Resources in the 2nd quarter valued at $158,000. Kaizen Advisory LLC boosted its stake in EOG Resources by 133.6% in the 2nd quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock valued at $162,000 after purchasing an additional 744 shares during the period. ELM Advisors LLC bought a new stake in shares of EOG Resources during the 3rd quarter valued at $162,000. Finally, Alpha Windward LLC bought a new stake in shares of EOG Resources during the 2nd quarter valued at $193,000. Institutional investors and hedge funds own 86.15% of the company’s stock.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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