KeyCorp Has Pessimistic Outlook of EOG Resources Q2 Earnings

EOG Resources, Inc. (NYSE:EOG - Free Report) - Stock analysts at KeyCorp reduced their Q2 2025 earnings per share (EPS) estimates for shares of EOG Resources in a research report issued on Sunday, April 20th. KeyCorp analyst T. Rezvan now forecasts that the energy exploration company will post earnings of $2.19 per share for the quarter, down from their previous forecast of $2.71. KeyCorp currently has a "Overweight" rating and a $140.00 price target on the stock. The consensus estimate for EOG Resources' current full-year earnings is $11.47 per share. KeyCorp also issued estimates for EOG Resources' Q3 2025 earnings at $2.29 EPS, Q4 2025 earnings at $2.36 EPS and FY2025 earnings at $9.43 EPS.

Several other brokerages have also recently issued reports on EOG. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and lowered their target price for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Barclays dropped their price objective on shares of EOG Resources from $146.00 to $144.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 18th. UBS Group dropped their price target on EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Royal Bank of Canada upgraded EOG Resources from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Finally, Citigroup lowered their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $143.52.

EOG Resources Price Performance

NYSE:EOG opened at $111.28 on Wednesday. The stock has a 50 day moving average of $121.55 and a two-hundred day moving average of $126.14. EOG Resources has a 12 month low of $102.52 and a 12 month high of $138.18. The firm has a market cap of $61.38 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%.

Institutional Investors Weigh In On EOG Resources

Several large investors have recently bought and sold shares of the stock. Essex Financial Services Inc. increased its stake in shares of EOG Resources by 1.3% during the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock worth $753,000 after buying an additional 79 shares during the period. Valmark Advisers Inc. grew its holdings in EOG Resources by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock worth $385,000 after acquiring an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators increased its position in shares of EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock valued at $121,000 after purchasing an additional 80 shares during the last quarter. 1ST Source Bank raised its holdings in shares of EOG Resources by 1.5% in the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after purchasing an additional 80 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its position in shares of EOG Resources by 2.0% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock worth $498,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.50%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio is currently 34.73%.

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.

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