Q4 EPS Estimates for EOG Resources Lowered by Zacks Research

EOG Resources, Inc. (NYSE:EOG - Free Report) - Equities researchers at Zacks Research reduced their Q4 2024 earnings estimates for EOG Resources in a research report issued on Monday, December 9th. Zacks Research analyst R. Department now expects that the energy exploration company will earn $2.39 per share for the quarter, down from their previous estimate of $2.40. The consensus estimate for EOG Resources' current full-year earnings is $11.47 per share. Zacks Research also issued estimates for EOG Resources' Q1 2025 earnings at $2.52 EPS, Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $2.72 EPS, Q4 2025 earnings at $2.80 EPS, FY2025 earnings at $10.57 EPS, Q1 2026 earnings at $2.43 EPS, Q2 2026 earnings at $2.73 EPS and FY2026 earnings at $11.03 EPS.

Other equities analysts also recently issued reports about the company. Susquehanna cut their price objective on EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a report on Wednesday, September 4th. Barclays cut their target price on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 3rd. Raymond James upped their price target on shares of EOG Resources from $156.00 to $167.00 and gave the stock a "strong-buy" rating in a research report on Thursday, November 21st. Citigroup increased their price target on EOG Resources from $127.00 to $134.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Finally, Truist Financial upped their target price on EOG Resources from $115.00 to $135.00 and gave the stock a "hold" rating in a research report on Tuesday, November 12th. Fifteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EOG Resources presently has an average rating of "Hold" and an average price target of $144.20.

EOG Resources Trading Up 0.8 %

Shares of NYSE EOG traded up $0.95 during trading on Wednesday, hitting $127.56. 5,670,133 shares of the company traded hands, compared to its average volume of 3,114,502. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $71.75 billion, a P/E ratio of 10.18, a P/E/G ratio of 3.40 and a beta of 1.29. The company has a 50-day moving average price of $129.46 and a 200-day moving average price of $126.36. EOG Resources has a 1 year low of $108.94 and a 1 year high of $139.67.

Hedge Funds Weigh In On EOG Resources

Large investors have recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new stake in shares of EOG Resources in the 3rd quarter worth approximately $26,000. MFA Wealth Advisors LLC bought a new stake in EOG Resources in the second quarter valued at $28,000. Eastern Bank acquired a new position in shares of EOG Resources during the third quarter valued at $28,000. Gladius Capital Management LP bought a new position in shares of EOG Resources during the second quarter worth about $30,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of EOG Resources in the 3rd quarter worth about $31,000. Institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares of the company's stock, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

EOG Resources declared that its board has initiated a share repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.975 dividend. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 3.06%. The ex-dividend date is Friday, January 17th. EOG Resources's payout ratio is currently 29.31%.

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.