Q2 2024 EPS Estimates for EOG Resources, Inc. (NYSE:EOG) Lifted by Capital One Financial

EOG Resources, Inc. (NYSE:EOG) – Stock analysts at Capital One Financial lifted their Q2 2024 earnings per share estimates for shares of EOG Resources in a research report issued to clients and investors on Thursday, April 11th. Capital One Financial analyst P. Johnston now forecasts that the energy exploration company will post earnings per share of $3.03 for the quarter, up from their previous estimate 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.

EOG Resources (NYSE:EOG) last posted 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). The business had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. EOG Resources’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 EPS.

A number of other research analysts have also issued reports on the company. Barclays initiated coverage on EOG Resources in a report on Wednesday. They issued an “equal weight” rating and a $144.00 target price on the stock. Morgan Stanley upped their price objective on EOG Resources from $131.00 to $132.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. Stifel Nicolaus reduced their price objective on EOG Resources from $163.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Susquehanna reduced their price objective on EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a research report on Friday, January 26th. Finally, KeyCorp reduced their target price on EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, January 11th. Thirteen investment 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.com, EOG Resources presently has an average rating of “Hold” and an average target price of $140.76.

EOG Resources Price Performance

Shares of NYSE EOG opened at $135.29 on Friday. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. EOG Resources has a twelve month low of $106.32 and a twelve month high of $139.67. The stock has a 50 day moving average of $121.36 and a two-hundred day moving average of $121.84. The stock has a market cap of $77.82 billion, a P/E ratio of 10.40 and a beta of 1.40.

Institutional Trading of EOG Resources

A number of institutional investors have recently bought and sold shares of EOG. Fortis Capital Advisors LLC bought a new position in shares of EOG Resources in the fourth quarter worth about $28,000. Lumature Wealth Partners LLC acquired a new position in shares of EOG Resources in the 1st quarter valued at $28,000. McIlrath & Eck LLC lifted its stake in shares of EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares during the period. Peoples Bank KS acquired a new stake in EOG Resources during the 3rd quarter worth $31,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is 27.98%.

EOG Resources Company Profile

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.