EOG Resources Q3 Earnings Forecast Boosted by Zacks Research

Key Points

• Zacks Research raised EOG Resources’ Q3 2026 EPS forecast to $4.16 from $4.08 and maintained a “Strong Buy” rating. It projects full-year 2026 EPS of $16.75.
• EOG’s latest quarter exceeded expectations, with EPS of $5.07 versus $4.97 expected and revenue of $8.62 billion, up 57.4% year over year.
• The stock traded near its 52-week high at $163.18 and offers a quarterly dividend of $1.02, equivalent to a 2.5% yield; however, the broader analyst consensus remains “Hold,” with an average price target of $161.24.

EOG Resources, Inc. (NYSE:EOG - Free Report) - Research analysts at Zacks Research raised their Q3 2026 earnings estimates for shares of EOG Resources in a note issued to investors on Thursday, October 22nd. Zacks Research analyst Team now expects that the energy exploration company will post earnings per share of $4.16 for the quarter, up from their prior estimate of $4.08. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for EOG Resources' current full-year earnings is $17.70 per share. Zacks Research also issued estimates for EOG Resources' Q4 2026 earnings at $4.11 EPS, FY2026 earnings at $16.75 EPS, Q1 2027 earnings at $4.13 EPS, Q2 2027 earnings at $3.32 EPS, Q3 2027 earnings at $3.46 EPS, Q4 2027 earnings at $3.18 EPS, FY2027 earnings at $14.10 EPS, Q3 2028 earnings at $3.17 EPS and FY2028 earnings at $11.48 EPS.

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

Several other research firms have also weighed in on EOG. Weiss Ratings upgraded EOG Resources from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, September 8th. Seaport Research Partners started coverage on shares of EOG Resources in a research note on Thursday, September 3rd. They set a "neutral" rating for the company. The Goldman Sachs Group reiterated a "neutral" rating and set a $151.00 price objective (up from $127.00) on shares of EOG Resources in a research report on Monday, August 24th. Wall Street Zen upgraded shares of EOG Resources from a "hold" rating to a "buy" rating in a research report on Saturday, September 26th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $186.00 target price (up from $183.00) on shares of EOG Resources in a research note on Thursday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $161.24.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $163.18 on Monday. The stock has a market cap of $85.59 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 0.58 and a beta of 0.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The stock has a 50 day moving average price of $147.62 and a 200-day moving average price of $140.79. EOG Resources has a one year low of $101.59 and a one year high of $165.11.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, October 16th. EOG Resources's dividend payout ratio is presently 31.75%.

Insider Transactions at EOG Resources

In related news, CEO Ezra Y. Yacob sold 35,942 shares of the business's 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 completion of the transaction, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 7,336 shares of the company's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the transaction, the executive vice president directly owned 100,558 shares in the company, valued at $14,882,584. This trade represents a 6.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 52,317 shares of company stock worth $7,823,480. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of EOG Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of EOG. Patrick M Sweeney & Associates Inc. boosted its holdings in EOG Resources by 3.6% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 1,895 shares of the energy exploration company's stock worth $261,000 after buying an additional 65 shares in the last quarter. Summitry LLC grew its position in EOG Resources by 1.5% during the first quarter. Summitry LLC now owns 4,832 shares of the energy exploration company's stock worth $699,000 after buying an additional 73 shares during the period. Prime Capital Investment Advisors LLC grew its position in EOG Resources by 2.8% during the third quarter. Prime Capital Investment Advisors LLC now owns 2,762 shares of the energy exploration company's stock worth $381,000 after buying an additional 76 shares during the period. Murphy Pohlad Asset Management LLC boosted its stake in shares of EOG Resources by 4.8% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 1,661 shares of the energy exploration company's stock worth $229,000 after acquiring an additional 76 shares in the last quarter. Finally, Twin Capital Management Inc. boosted its stake in shares of EOG Resources by 0.3% during the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company's stock worth $3,467,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Key EOG Resources News

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Susquehanna raised its price target for EOG Resources to $187, signaling expectations for additional upside. The firm’s bullish view provides a positive catalyst for the stock. EOG Resources stock: Susquehanna raises target to USD 187.00
• Positive Sentiment: A separate report from Susquehanna forecasts strong price appreciation for EOG, reinforcing the constructive analyst sentiment surrounding the oil and gas producer. Susquehanna Forecasts Strong Price Appreciation for EOG Resources
• Positive Sentiment: Higher oil prices are supporting broader upstream energy sentiment. Recent industry coverage points to stronger oil prices benefiting producers, although geopolitical disruptions could raise operating costs and pressure profitability. Can Baker Hughes Keep Its Winning Streak Alive in Q3 Earnings?
• Neutral Sentiment: EOG recently reported quarterly EPS and revenue above analyst expectations, with revenue up sharply year over year. Analysts currently expect approximately $17.48 in full-year EPS, providing fundamental support for the shares.
• Neutral Sentiment: EOG has reached a new high, prompting investors to assess whether further gains are justified by oil prices, earnings momentum, and valuation. EOG Resources Hits a New High: Is More Upside Ahead?
• Negative Sentiment: Zacks Research reduced its EOG EPS estimates for both the first and second quarters of 2028, to $2.48 from $2.80 and to $2.77 from $2.90, respectively. The cuts indicate some caution about future earnings, despite Zacks retaining a “Strong-Buy” rating.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company's principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.

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