Zacks Research Lowers Earnings Estimates for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Investment analysts at Zacks Research reduced their Q3 2026 EPS estimates for shares of EOG Resources in a research report issued to clients and investors on Tuesday, March 10th. Zacks Research analyst Team now anticipates that the energy exploration company will post earnings of $2.03 per share for the quarter, down from their prior forecast of $2.11. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. Zacks Research also issued estimates for EOG Resources’ Q2 2027 earnings at $2.18 EPS, FY2027 earnings at $9.19 EPS and FY2028 earnings at $10.88 EPS.

Several other analysts have also commented on the company. UBS Group increased their price objective on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Royal Bank Of Canada set a $138.00 target price on EOG Resources and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Johnson Rice decreased their price target on EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a research note on Friday, December 5th. Piper Sandler raised their price target on EOG Resources from $123.00 to $127.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average target price of $135.77.

EOG Resources Price Performance

NYSE EOG opened at $127.78 on Wednesday. The firm’s fifty day simple moving average is $114.76 and its two-hundred day simple moving average is $112.22. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources has a 12-month low of $101.59 and a 12-month high of $134.36. The firm has a market capitalization of $68.55 billion, a P/E ratio of 14.03 and a beta of 0.44.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. EOG Resources’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.74 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Union Savings Bank purchased a new position in shares of EOG Resources in the fourth quarter worth about $326,000. Hsbc Holdings PLC boosted its position in EOG Resources by 34.6% in the fourth quarter. Hsbc Holdings PLC now owns 1,956,432 shares of the energy exploration company’s stock valued at $205,387,000 after buying an additional 502,667 shares during the last quarter. EJMK Ventures LLC purchased a new stake in EOG Resources in the fourth quarter valued at approximately $329,000. Arwa LLC acquired a new position in EOG Resources in the 4th quarter worth approximately $1,188,000. Finally, MidFirst Bank acquired a new position in EOG Resources in the 4th quarter worth approximately $2,823,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. The trade was a 3.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 7,774 shares of company stock valued at $945,895. Company insiders own 0.13% of the company’s stock.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.2%. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.