EOG Resources Q2 EPS Estimate Decreased by Zacks Research

Key Points

• Zacks Research lowered EOG Resources’ Q2 2027 EPS estimate to $2.99 from $3.26 and maintained a “Hold” rating. The full-year consensus EPS estimate is $16.89.
• EOG reported quarterly EPS of $5.07, exceeding the $4.97 consensus, while revenue reached $8.62 billion, up 57.4% year over year and above expectations.
• The stock opened at $141.52, down 1.9%, while analysts maintained a consensus “Hold” rating with an average price target of $158.11. EOG also declared a $1.02 quarterly dividend, representing a 2.9% yield.

EOG Resources, Inc. (NYSE:EOG - Free Report) - Analysts at Zacks Research cut their Q2 2027 earnings per share estimates for shares of EOG Resources in a research note issued on Monday, September 21st. Zacks Research analyst Team now anticipates that the energy exploration company will earn $2.99 per share for the quarter, down from their previous estimate of $3.26. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for EOG Resources' current full-year earnings is $16.89 per share. Zacks Research also issued estimates for EOG Resources' Q4 2027 earnings at $3.61 EPS and Q2 2028 earnings at $2.90 EPS.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion for the quarter, compared to analysts' expectations of $8.04 billion. During the same quarter in the previous year, the business posted $2.32 EPS. The company's quarterly revenue was up 57.4% on a year-over-year basis.

EOG has been the subject of several other reports. Seaport Research Partners assumed coverage on shares of EOG Resources in a report on Thursday, September 3rd. They set a "neutral" rating for the company. The Goldman Sachs Group restated a "neutral" rating and issued a $151.00 price target (up from $127.00) on shares of EOG Resources in a research note on Monday, August 24th. Truist Financial raised their price objective on EOG Resources from $134.00 to $153.00 and gave the company a "hold" rating in a research report on Thursday, August 6th. Jefferies Financial Group reiterated a "buy" rating and set a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Finally, Wall Street Zen downgraded EOG Resources from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of "Hold" and an average target price of $158.11.

EOG Resources Trading Down 1.9%

NYSE:EOG opened at $141.52 on Tuesday. The firm has a market capitalization of $74.23 billion, a P/E ratio of 11.01, a PEG ratio of 0.53 and a beta of 0.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. EOG Resources has a one year low of $101.59 and a one year high of $154.16. The company's 50-day simple moving average is $144.50 and its 200 day simple moving average is $139.12.

Hedge Funds Weigh In On EOG Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Summitry LLC increased its holdings in shares of EOG Resources by 1.5% during the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company's stock worth $699,000 after purchasing an additional 73 shares during the period. Twin Capital Management Inc. lifted its stake in shares of EOG Resources by 0.3% in the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company's stock valued at $3,467,000 after buying an additional 79 shares during the period. Sax Wealth Advisors LLC lifted its stake in shares of EOG Resources by 2.8% in the second quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company's stock valued at $377,000 after buying an additional 79 shares during the period. Paladin Wealth LLC grew its position in EOG Resources by 5.3% during the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company's stock worth $207,000 after buying an additional 80 shares in the last quarter. Finally, Hardy Reed LLC increased its stake in EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company's stock valued at $325,000 after acquiring an additional 82 shares during the period. Institutional investors own 89.91% of the company's stock.

Insider Activity at EOG Resources

In other EOG Resources news, CEO Ezra Yacob sold 35,942 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Donaldson sold 7,336 shares of EOG Resources stock in a transaction on Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the sale, the executive vice president directly owned 100,558 shares of the company's stock, valued at approximately $14,882,584. The trade was a 6.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.14% of the company's stock.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources's dividend payout ratio is 31.75%.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company's principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.

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