Capital One Financial Weighs in on EOG Resources Q2 Earnings

Key Points

• Capital One Financial predicts EOG Resources will report Q2 2026 earnings of $2.37 per share, with a full-year estimate of $11.47 per share.
• Analyst ratings for EOG Resources include a consensus target price of $143.61, with one Strong Buy, eleven Buy, and twelve Hold ratings.
• EOG Resources recently reported Q2 earnings of $2.32 per share, beating estimates by 18 cents, with revenue of $5.48 billion for the quarter.

EOG Resources, Inc. (NYSE:EOG - Free Report) - Equities researchers at Capital One Financial issued their Q2 2026 earnings per share estimates for EOG Resources in a research report issued to clients and investors on Wednesday, August 27th. Capital One Financial analyst P. Johnston forecasts that the energy exploration company will earn $2.37 per share for the quarter. The consensus estimate for EOG Resources' current full-year earnings is $11.47 per share. Capital One Financial also issued estimates for EOG Resources' Q3 2026 earnings at $2.43 EPS and FY2027 earnings at $10.47 EPS.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. The business had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.16 EPS.

Other equities analysts also recently issued reports about the stock. Raymond James Financial increased their price objective on shares of EOG Resources from $158.00 to $161.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 22nd. Barclays raised their target price on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Susquehanna raised their target price on shares of EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada lowered their target price on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research note on Tuesday, July 8th. Finally, Morgan Stanley set a $135.00 target price on shares of EOG Resources and gave the company an "equal weight" rating in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, EOG Resources presently has an average rating of "Moderate Buy" and a consensus target price of $143.61.

EOG Resources Stock Up 1.0%

Shares of NYSE EOG traded up $1.21 during midday trading on Friday, reaching $126.03. 1,367,908 shares of the company's stock traded hands, compared to its average volume of 3,543,622. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The stock's 50 day simple moving average is $120.11 and its 200-day simple moving average is $118.78. EOG Resources has a one year low of $102.52 and a one year high of $138.18. The company has a market cap of $68.81 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 9.56 and a beta of 0.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOG. Nuveen LLC purchased a new position in EOG Resources in the first quarter valued at $451,908,000. First Trust Advisors LP boosted its stake in shares of EOG Resources by 64.1% in the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company's stock worth $445,921,000 after acquiring an additional 1,456,928 shares during the last quarter. GAMMA Investing LLC increased its position in shares of EOG Resources by 14,784.1% during the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock worth $164,323,000 after purchasing an additional 1,272,765 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in EOG Resources by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock valued at $2,485,402,000 after purchasing an additional 1,188,552 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in EOG Resources by 282.3% in the 2nd quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company's stock valued at $184,924,000 after purchasing an additional 1,141,680 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

About EOG Resources

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.