FY2024 EPS Estimates for EOG Resources, Inc. Decreased by Zacks Research (NYSE:EOG)

EOG Resources, Inc. (NYSE:EOG) – Analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for EOG Resources in a research report issued to clients and investors on Monday, October 7th. Zacks Research analyst R. Department now forecasts that the energy exploration company will post earnings of $11.80 per share for the year, down from their previous forecast of $12.09. The consensus estimate for EOG Resources’ current full-year earnings is $11.83 per share. Zacks Research also issued estimates for EOG Resources’ Q4 2024 earnings at $2.80 EPS, Q3 2025 earnings at $3.15 EPS, Q4 2025 earnings at $3.18 EPS, FY2025 earnings at $11.96 EPS, Q1 2026 earnings at $2.77 EPS, Q2 2026 earnings at $2.97 EPS, Q3 2026 earnings at $3.09 EPS and FY2026 earnings at $12.06 EPS.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year.

A number of other equities research analysts have also weighed in on EOG. UBS Group dropped their price target on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Susquehanna dropped their price target on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $147.00 target price on shares of EOG Resources in a report on Wednesday, July 10th. Truist Financial decreased their target price on EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, Morgan Stanley decreased their target price on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Fourteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $141.65.

EOG Resources Price Performance

Shares of EOG stock opened at $132.45 on Thursday. EOG Resources has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The firm has a market capitalization of $75.31 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 3.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The stock’s 50-day simple moving average is $125.70 and its 200-day simple moving average is $127.10.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.11%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new position in shares of EOG Resources in the 2nd quarter valued at approximately $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $28,000. Gladius Capital Management LP acquired a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $35,000. Finally, Norwood Financial Corp acquired a new stake in shares of EOG Resources in the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

About EOG Resources

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.