FY2026 EPS Forecast for EOG Resources Increased by Analyst

Key Points

• Analysts at Zacks Research have increased their FY2026 earnings per share (EPS) forecast for EOG Resources from $11.27 to $11.30, although it remains below the consensus estimate of $11.47.
• EOG Resources recently reported Q2 earnings of $2.32 per share, surpassing analyst expectations but showing a 9.1% decline in revenue compared to the previous year.
• The current market rating for EOG Resources reflects a mix of investment perspectives, with one "Strong Buy," nine "Buy," and thirteen "Hold" ratings, highlighting a relatively positive outlook among analysts.

EOG Resources, Inc. (NYSE:EOG - Free Report) - Analysts at Zacks Research raised their FY2026 EPS estimates for EOG Resources in a research note issued on Monday, September 29th. Zacks Research analyst Team now expects that the energy exploration company will post earnings per share of $11.30 for the year, up from their prior estimate of $11.27. The consensus estimate for EOG Resources' current full-year earnings is $11.47 per share. Zacks Research also issued estimates for EOG Resources' Q4 2026 earnings at $3.09 EPS, Q1 2027 earnings at $3.11 EPS, Q2 2027 earnings at $3.08 EPS and FY2027 earnings at $12.65 EPS.

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

A number of other equities research analysts have also recently commented on the company. UBS Group raised their price objective on EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. KeyCorp reduced their price target on shares of EOG Resources from $140.00 to $138.00 and set an "overweight" rating for the company in a research report on Wednesday, September 3rd. Argus lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. Royal Bank Of Canada dropped their price objective on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 8th. Finally, Melius Research started coverage on shares of EOG Resources in a report on Wednesday, August 20th. They set a "buy" rating and a $173.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat.com, EOG Resources has an average rating of "Hold" and a consensus price target of $143.41.

EOG Resources Stock Down 1.1%

EOG stock opened at $112.06 on Wednesday. The stock's 50 day simple moving average is $118.94 and its 200 day simple moving average is $117.48. The company has a market cap of $61.18 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 8.70 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

Institutional Trading of EOG Resources

Hedge funds have recently bought and sold shares of the business. Banque Cantonale Vaudoise bought a new position in EOG Resources during the first quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its stake in EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company's stock valued at $26,000 after acquiring an additional 219 shares during the last quarter. Saudi Central Bank bought a new position in shares of EOG Resources during the 1st quarter valued at approximately $28,000. Raleigh Capital Management Inc. bought a new position in shares of EOG Resources during the 2nd quarter valued at approximately $29,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of EOG Resources during the 1st quarter worth approximately $34,000. 89.91% of the stock is currently 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.

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