FY2026 EPS Estimates for EOG Resources Cut by Analyst

EOG Resources, Inc. (NYSE:EOG - Free Report) - Investment analysts at Capital One Financial decreased their FY2026 earnings estimates for EOG Resources in a report issued on Monday, May 5th. Capital One Financial analyst P. Johnston now expects that the energy exploration company will earn $9.77 per share for the year, down from their prior estimate of $9.98. The consensus estimate for EOG Resources' current full-year earnings is $11.47 per share.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.82 EPS.

EOG has been the subject of several other research reports. Bank of America restated a "neutral" rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Barclays lowered their target price on shares of EOG Resources from $140.00 to $137.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their price objective for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Finally, UBS Group cut their target price on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, EOG Resources has a consensus rating of "Moderate Buy" and an average price target of $140.95.

EOG Resources Stock Up 1.3 %

NYSE EOG traded up $1.42 during trading on Wednesday, reaching $111.13. 4,079,932 shares of the company's stock were exchanged, compared to its average volume of 3,271,738. EOG Resources has a 1 year low of $102.52 and a 1 year high of $138.18. The stock has a market cap of $60.65 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a 50 day moving average price of $116.68 and a two-hundred day moving average price of $124.53.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.51%. EOG Resources's payout ratio is currently 36.18%.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EOG Resources

Several institutional investors have recently made changes to their positions in EOG. Mountain Lake Investment Management LLC purchased a new stake in shares of EOG Resources in the 4th quarter worth about $735,000. Oak Ridge Investments LLC boosted its holdings in shares of EOG Resources by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock valued at $5,059,000 after purchasing an additional 2,311 shares during the last quarter. Tobam acquired a new stake in EOG Resources during the fourth quarter worth about $352,000. Thurston Springer Miller Herd & Titak Inc. increased its position in EOG Resources by 161.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company's stock worth $550,000 after purchasing an additional 2,773 shares in the last quarter. Finally, Twelve Points Wealth Management LLC raised its holdings in EOG Resources by 27.2% in the fourth quarter. Twelve Points Wealth Management LLC now owns 24,579 shares of the energy exploration company's stock valued at $3,013,000 after buying an additional 5,259 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

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.