FY2025 EPS Estimates for EOG Resources Lifted by Analyst

EOG Resources, Inc. (NYSE:EOG - Free Report) - Investment analysts at Scotiabank upped their FY2025 EPS estimates for EOG Resources in a research report issued on Monday, June 9th. Scotiabank analyst P. Cheng now forecasts that the energy exploration company will post earnings of $7.90 per share for the year, up from their prior estimate of $7.70. Scotiabank has a "Sector Outperform" rating and a $130.00 price objective on the stock. The consensus estimate for EOG Resources' current full-year earnings is $11.47 per share.

A number of other brokerages have also recently weighed in on EOG. Barclays increased their target price on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. UBS Group reissued a "buy" rating and issued a $140.00 price target (up from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. Susquehanna reduced their price target on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. Bank of America cut their price objective on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Finally, Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, EOG Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.58.

EOG Resources Stock Up 0.5%

Shares of EOG stock traded up $0.63 on Thursday, hitting $120.55. The stock had a trading volume of 3,318,580 shares, compared to its average volume of 3,304,619. The firm has a market capitalization of $65.79 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 3.58 and a beta of 0.74. The stock's 50 day moving average is $111.34 and its 200-day moving average is $122.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. The company 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 firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.82 earnings per share.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.38%. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio is presently 36.18%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On EOG Resources

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mainstream Capital Management LLC bought a new position in shares of EOG Resources in the fourth quarter valued at $25,000. Banque Cantonale Vaudoise acquired a new stake in EOG Resources during the 1st quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new stake in EOG Resources during the 4th quarter valued at $28,000. Saudi Central Bank acquired a new stake in EOG Resources during the 1st quarter valued at $28,000. Finally, Heritage Wealth Advisors lifted its holdings in EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after purchasing an additional 208 shares during the last quarter. 89.91% of the stock is owned by 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.