EOG Resources Q2 EPS Estimate Increased by Zacks Research

EOG Resources, Inc. (NYSE:EOG - Free Report) - Zacks Research boosted their Q2 2026 earnings per share (EPS) estimates for EOG Resources in a research report issued to clients and investors on Tuesday, July 8th. Zacks Research analyst R. Department now expects that the energy exploration company will post earnings per share of $2.57 for the quarter, up from their previous forecast of $2.56. The consensus estimate for EOG Resources' current full-year earnings is $11.47 per share. Zacks Research also issued estimates for EOG Resources' Q3 2026 earnings at $2.46 EPS, FY2026 earnings at $10.81 EPS, Q1 2027 earnings at $2.40 EPS and FY2027 earnings at $11.01 EPS.

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 return on equity of 22.35% and a net margin of 26.14%. The business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 EPS.

Several other equities research analysts have also recently issued reports on the company. Bank of America decreased their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Mizuho decreased their price objective on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. JPMorgan Chase & Co. decreased their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. UBS Group reiterated a "buy" rating and issued a $140.00 target price (up previously from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Finally, Piper Sandler reduced their target price on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources presently has an average rating of "Hold" and an average price target of $139.00.

EOG Resources Stock Performance

NYSE EOG opened at $121.85 on Friday. The business has a 50 day moving average price of $116.55 and a 200 day moving average price of $121.32. The company has a market capitalization of $66.51 billion, a P/E ratio of 11.30, a PEG ratio of 9.84 and a beta of 0.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. EOG Resources has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources Increases Dividend

The business 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 $1.02 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.35%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio is 36.18%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On EOG Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 1ST Source Bank raised its stake in shares of EOG Resources by 1.5% during the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after purchasing an additional 80 shares in the last quarter. Penobscot Investment Management Company Inc. grew its holdings in shares of EOG Resources by 2.0% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock worth $498,000 after purchasing an additional 80 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of EOG Resources by 1.4% during the 4th quarter. TD Private Client Wealth LLC now owns 5,786 shares of the energy exploration company's stock worth $709,000 after buying an additional 81 shares during the last quarter. StrongBox Wealth LLC raised its position in EOG Resources by 1.9% in the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company's stock valued at $576,000 after purchasing an additional 88 shares during the last quarter. Finally, Hancock Whitney Corp increased its stake in shares of EOG Resources by 5.7% in the fourth quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock valued at $211,000 after buying an additional 92 shares during the period. Institutional investors own 89.91% of the company's stock.

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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