EOG Resources (EOG) Set to Announce Earnings on Thursday

EOG Resources (NYSE:EOG - Get Free Report) is set to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $2.68 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion during the quarter, compared to analysts' expectations of $6.18 billion. During the same quarter last year, the business posted $3.30 earnings per share. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. On average, analysts expect EOG Resources to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

EOG Resources Price Performance

Shares of EOG Resources stock traded down $0.20 during trading on Thursday, reaching $135.40. The company's stock had a trading volume of 3,444,537 shares, compared to its average volume of 3,376,448. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. EOG Resources has a 12-month low of $106.32 and a 12-month high of $139.67. The company has a market capitalization of $77.88 billion, a P/E ratio of 10.40 and a beta of 1.40. The business has a 50 day moving average price of $124.83 and a 200-day moving average price of $122.36.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.69%. EOG Resources's dividend payout ratio (DPR) is presently 27.98%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. TD Securities decreased their price target on EOG Resources from $135.00 to $130.00 and set a "hold" rating on the stock in a research note on Friday, February 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $145.00 price objective on shares of EOG Resources in a report on Tuesday, April 9th. Piper Sandler lifted their price objective on EOG Resources from $141.00 to $153.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. Morgan Stanley lifted their price objective on EOG Resources from $132.00 to $133.00 and gave the stock an "equal weight" rating in a report on Monday, April 15th. Finally, Truist Financial reduced their price objective on EOG Resources from $165.00 to $163.00 and set a "buy" rating for the company in a report on Friday, April 5th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $142.19.

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.