Brokers Set Expectations for EOG Resources FY2028 Earnings

Key Points

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EOG Resources, Inc. (NYSE:EOG - Free Report) - Analysts at Capital One Financial issued their FY2028 earnings per share estimates for EOG Resources in a research report issued to clients and investors on Monday, August 18th. Capital One Financial analyst P. Johnston forecasts that the energy exploration company will post earnings of $11.34 per share for the year. The consensus estimate for EOG Resources' current full-year earnings is $11.47 per share.

Other analysts have also recently issued reports about the company. KeyCorp lowered their price objective on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Susquehanna upped their price target on EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research report on Wednesday, July 23rd. Mizuho lowered their price target on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Royal Bank Of Canada lowered their price target on EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 8th. Finally, Piper Sandler lowered their price target on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.71.

EOG Resources Stock Performance

EOG opened at $117.60 on Tuesday. The stock has a market cap of $64.21 billion, a PE ratio of 11.43, a P/E/G ratio of 9.15 and a beta of 0.80. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources has a 1 year low of $102.52 and a 1 year high of $138.18. The stock's 50 day simple moving average is $120.36 and its 200-day simple moving average is $119.27.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.18. The business had revenue of $5.48 billion for the quarter, compared to analysts' expectations of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%. EOG Resources's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.16 earnings per share.

Hedge Funds Weigh In On EOG Resources

Large investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in shares of EOG Resources during the first quarter valued at $26,000. Saudi Central Bank acquired a new position in shares of EOG Resources during the first quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company's stock valued at $26,000 after acquiring an additional 219 shares during the period. Raleigh Capital Management Inc. acquired a new position in EOG Resources in the second quarter valued at about $29,000. Finally, Alpine Bank Wealth Management acquired a new position in EOG Resources in the first quarter valued at about $34,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Activity

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

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.5%. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's payout ratio is currently 39.65%.

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.

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