EOG Resources (NYSE:EOG) Issues Earnings Results, Beats Expectations By $0.42 EPS

EOG Resources (NYSE:EOG) issued its quarterly earnings data on Thursday. The energy exploration company reported $4.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.42, FiscalAI reports. The firm had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $7.26 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. EOG Resources’s revenue was up 46.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.71 earnings per share.

EOG Resources Trading Up 2.0%

NYSE:EOG traded up $2.90 during trading hours on Friday, reaching $147.79. 4,564,319 shares of the company were exchanged, compared to its average volume of 2,619,296. The firm has a market cap of $77.52 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 0.56 and a beta of 0.27. The stock has a 50 day simple moving average of $149.32 and a 200 day simple moving average of $137.83. EOG Resources has a 52-week low of $101.59 and a 52-week high of $165.93. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be paid a dividend of $1.10 per share. This is an increase from EOG Resources’s previous quarterly dividend of $1.02. This represents a $4.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, January 15th. EOG Resources’s payout ratio is 31.75%.

Insider Transactions at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the sale, the chief executive officer owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 7,336 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the transaction, the executive vice president owned 100,558 shares in the company, valued at approximately $14,882,584. This trade represents a 6.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 52,317 shares of company stock worth $7,823,480 in the last ninety days. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EOG. Morgan Stanley lifted their price target on EOG Resources from $157.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 15th. Freedom Capital cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Barclays upped their price target on shares of EOG Resources from $147.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday. Citigroup reissued a “neutral” rating and set a $150.00 price objective (up from $141.00) on shares of EOG Resources in a research note on Thursday, August 27th. Finally, Susquehanna upped their target price on EOG Resources from $170.00 to $187.00 and gave the company a “positive” rating in a research note on Tuesday, October 20th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources has an average rating of “Hold” and an average target price of $161.80.

EOG Resources News Summary

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Q3 results beat expectations: EOG reported earnings of $4.87 per share, versus the $4.45 consensus, and revenue of $8.55 billion, above estimates of $7.26 billion and up 46.2% year over year. Earnings per share rose from $2.71 a year earlier. Reuters article
• Positive Sentiment: Production and pricing supported performance: The company’s record production and stronger commodity prices helped drive profit growth and robust cash flow, reinforcing the quarter’s positive results. Zacks article
• Positive Sentiment: Dividend raised: EOG increased its quarterly dividend from $1.02 to $1.10 per share, about 7.8%, equivalent to $4.40 annually and a roughly 3% yield. The increase signals confidence in cash generation and adds to shareholder returns. EOG press release
• Neutral Sentiment: Barclays lifted its price target from $147 to $155, but maintained an “equal weight” rating, suggesting limited conviction that EOG will outperform despite the higher target. Barclays rating information

About EOG Resources

EOG Resources is an independent energy company focused on exploring for, developing and producing crude oil, natural gas and natural gas liquids. Its operations include drilling and managing wells, with a focus on resources in shale and other tight-rock formations.

The company’s activities are concentrated in the United States, including major producing regions such as the Permian Basin and Eagle Ford. EOG also has international operations, including in Trinidad and Tobago and the United Arab Emirates.

Founded in 1985 as Enron Oil & Gas, the company became independent in 1999 and adopted the name EOG Resources.