Q4 EPS Estimates for EOG Resources Reduced by Zacks Research

Key Points

• Zacks Research has reduced EOG Resources' Q4 2026 earnings estimate from $3.10 to $3.08 per share, while the consensus for the current full-year earnings remains at $11.47 per share.
• Despite a reported EPS of $2.32 for the latest quarter, outperforming expectations, EOG Resources saw a 9.1% decline in revenue compared to the same quarter last year.
• Analysts have varying ratings for EOG Resources, with the consensus rating being "Moderate Buy" and a price target of $143.52.

EOG Resources, Inc. (NYSE:EOG - Free Report) - Investment analysts at Zacks Research lowered their Q4 2026 earnings per share estimates for EOG Resources in a note issued to investors on Monday, September 1st. Zacks Research analyst Team now anticipates that the energy exploration company will post earnings per share of $3.08 for the quarter, down from their prior forecast of $3.10. The consensus estimate for EOG Resources' current full-year earnings is $11.47 per share.

Several other research analysts have also recently weighed in on the company. UBS Group upped their price objective on EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Roth Capital cut EOG Resources from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $140.00 to $134.00 in a research report on Wednesday, July 9th. Piper Sandler reduced their price objective on EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Royal Bank Of Canada dropped their target price on EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a report on Tuesday, July 8th. Finally, Melius Research began coverage on EOG Resources in a report on Wednesday, August 20th. They set a "buy" rating and a $173.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $143.52.

EOG Resources Stock Down 0.3%

Shares of EOG traded down $0.36 on Thursday, hitting $117.57. The company's stock had a trading volume of 2,550,381 shares, compared to its average volume of 3,528,821. 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 firm's fifty day moving average price is $120.18 and its 200-day moving average price is $118.47. EOG Resources has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm has a market capitalization of $64.19 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 9.03 and a beta of 0.85.

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

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On EOG Resources

Large investors have recently made changes to their positions in the company. StrongBox Wealth LLC raised its stake in EOG Resources by 1.9% during the 2nd quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company's stock worth $576,000 after buying an additional 88 shares during the period. ORG Partners LLC raised its stake in EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company's stock worth $34,000 after buying an additional 88 shares during the period. Ameriflex Group Inc. raised its stake in EOG Resources by 31.6% during the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company's stock worth $46,000 after buying an additional 91 shares during the period. Granite Harbor Advisors Inc. raised its stake in EOG Resources by 3.2% during the 1st quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company's stock worth $389,000 after buying an additional 94 shares during the period. Finally, FSM Wealth Advisors LLC raised its stake in EOG Resources by 6.2% during the 1st quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock worth $208,000 after buying an additional 95 shares during the period. Institutional investors own 89.91% of the company's stock.

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.