Zacks Research Boosts Earnings Estimates for EOG Resources

Key Points

• Zacks Research raised EOG Resources’ Q4 2026 EPS estimate to $3.88 from $3.50, while maintaining a “Hold” rating. Its full-year 2026 earnings consensus stands at $16.43 per share.
• EOG’s latest quarter exceeded expectations, with EPS of $5.07 versus the $4.97 consensus and revenue of $8.62 billion versus $8.04 billion. Revenue increased 57.4% year over year.
• The company declared a quarterly dividend of $1.02 per share, equivalent to an annualized $4.08 payout and a 2.7% yield; analysts overall maintain a “Hold” consensus with an average price target of $156.

EOG Resources, Inc. (NYSE:EOG - Free Report) - Research analysts at Zacks Research lifted their Q4 2026 earnings estimates for EOG Resources in a note issued to investors on Tuesday, August 18th. Zacks Research analyst Team now expects that the energy exploration company will post earnings per share of $3.88 for the quarter, up from their previous estimate of $3.50. Zacks Research has a "Hold" rating on the stock. The consensus estimate for EOG Resources' current full-year earnings is $16.43 per share. Zacks Research also issued estimates for EOG Resources' Q2 2027 earnings at $3.26 EPS, Q4 2027 earnings at $3.33 EPS, Q1 2028 earnings at $3.50 EPS and FY2028 earnings at $13.18 EPS.

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

A number of other equities analysts have also recently commented on the stock. UBS Group dropped their price objective on shares of EOG Resources from $168.00 to $158.00 and set a "buy" rating for the company in a research note on Thursday, July 2nd. Barclays set a $147.00 target price on shares of EOG Resources and gave the company an "equal weight" rating in a research report on Monday. Stephens lowered their price target on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Truist Financial increased their price target on shares of EOG Resources from $134.00 to $153.00 and gave the company a "hold" rating in a report on Thursday, August 6th. Finally, DA Davidson boosted their price objective on EOG Resources from $148.00 to $153.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $156.00.

EOG Resources Trading Up 1.7%

Shares of EOG opened at $148.68 on Wednesday. The stock has a market capitalization of $77.99 billion, a PE ratio of 11.57 and a beta of 0.25. The company's fifty day moving average is $137.92 and its 200 day moving average is $134.33. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. EOG Resources has a fifty-two week low of $101.59 and a fifty-two week high of $151.87.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. EOG Resources's dividend payout ratio is currently 31.75%.

Institutional Investors Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently modified their holdings of EOG. Sivia Capital Partners LLC bought a new stake in shares of EOG Resources during the second quarter worth $258,000. Quantbot Technologies LP bought a new position in shares of EOG Resources in the second quarter worth about $349,000. Gamco Investors INC. ET AL grew its holdings in shares of EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company's stock worth $785,000 after purchasing an additional 4,485 shares during the last quarter. NewEdge Advisors LLC increased its stake in EOG Resources by 2.0% in the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company's stock worth $2,725,000 after buying an additional 444 shares during the period. Finally, Sei Investments Co. increased its stake in EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company's stock worth $43,356,000 after buying an additional 15,250 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Company Profile

EOG Resources, Inc NYSE: EOG is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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