Q3 EPS Estimates for EOG Resources Raised by Zacks Research

Key Points

• Zacks Research has raised its Q3 2027 EPS estimate for EOG Resources to $3.26, slightly up from the previous estimate of $3.24.
• Analysts show mixed ratings for EOG Resources, with one Strong Buy, nine Buy, and thirteen Hold ratings, along with an average price target of $143.36.
• Recent quarterly earnings reported by EOG Resources showed $2.32 EPS, which exceeded expectations and marked a 9.1% decline in revenue compared to the previous year.

EOG Resources, Inc. (NYSE:EOG - Free Report) - Research analysts at Zacks Research increased their Q3 2027 earnings per share estimates for shares of EOG Resources in a research report issued to clients and investors on Monday, September 29th. Zacks Research analyst Team now expects that the energy exploration company will post earnings of $3.26 per share for the quarter, up from their previous forecast of $3.24. The consensus estimate for EOG Resources' current full-year earnings is $11.47 per share.

Other analysts have also recently issued reports about the stock. UBS Group upped their price objective on shares of EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Raymond James Financial increased their price target on EOG Resources from $158.00 to $161.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. KeyCorp dropped their price target on EOG Resources from $140.00 to $138.00 and set an "overweight" rating for the company in a report on Wednesday, September 3rd. Mizuho cut their price objective on EOG Resources from $140.00 to $133.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Finally, Stephens began coverage on EOG Resources in a research note on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $143.36.

EOG Resources Trading Down 0.7%

Shares of EOG Resources stock opened at $111.28 on Thursday. The stock has a market capitalization of $60.76 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 8.61 and a beta of 0.74. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $118.79 and a 200 day simple moving average of $117.44. EOG Resources has a 12-month low of $102.52 and a 12-month high of $138.18.

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

Institutional Trading of EOG Resources

Hedge funds have recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of EOG Resources during the 1st quarter worth approximately $451,908,000. First Trust Advisors LP boosted its holdings in shares of EOG Resources by 64.1% in the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company's stock valued at $445,921,000 after buying an additional 1,456,928 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of EOG Resources by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock valued at $2,485,402,000 after buying an additional 1,188,552 shares in the last quarter. Prudential Financial Inc. increased its holdings in EOG Resources by 282.3% during the second quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company's stock worth $184,924,000 after buying an additional 1,141,680 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in EOG Resources during the first quarter worth $81,752,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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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