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

EOG Resources, Inc. (NYSE:EOG - Free Report) - Research analysts at Zacks Research reduced their FY2024 earnings per share estimates for EOG Resources in a report released on Monday, October 7th. Zacks Research analyst R. Department now anticipates that the energy exploration company will earn $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 $11.91 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 has been the subject of a number of other reports. Royal Bank of Canada restated a "sector perform" rating and issued a $147.00 target price on shares of EOG Resources in a research note on Wednesday, July 10th. Wolfe Research initiated coverage on EOG Resources in a research note on Thursday, July 18th. They set a "peer perform" rating for the company. Wells Fargo & Company cut their target price on EOG Resources from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 1st. Truist Financial lowered their price target on shares of EOG Resources from $130.00 to $115.00 and set a "hold" rating for the company in a research report on Monday, September 30th. Finally, Bank of America reiterated a "buy" rating and issued a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Fourteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, EOG Resources has a consensus rating of "Hold" and a consensus target price of $141.65.

EOG Resources Stock Performance

Shares of EOG Resources stock traded up $1.23 during trading hours on Thursday, reaching $132.19. The company's stock had a trading volume of 1,636,897 shares, compared to its average volume of 3,206,291. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. EOG Resources has a one year low of $108.94 and a one year high of $139.67. The company's 50 day simple moving average is $125.51 and its 200 day simple moving average is $127.06. The stock has a market cap of $75.97 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 3.27 and a beta of 1.28.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $6.07 billion. During the same period last year, the business posted $2.49 earnings per share. The firm's revenue for the quarter was up 8.1% on a year-over-year basis.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.75%. EOG Resources's payout ratio is currently 28.75%.

Insider Activity at EOG Resources

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

Institutional Trading of EOG Resources

Large investors have recently added to or reduced their stakes in the company. CHICAGO TRUST Co NA grew its stake in EOG Resources by 5.4% during the 3rd quarter. CHICAGO TRUST Co NA now owns 1,863 shares of the energy exploration company's stock valued at $229,000 after acquiring an additional 96 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in EOG Resources during the third quarter valued at approximately $834,000. Ritholtz Wealth Management increased its stake in EOG Resources by 3.6% in the 3rd quarter. Ritholtz Wealth Management now owns 4,220 shares of the energy exploration company's stock valued at $519,000 after buying an additional 147 shares during the period. Valeo Financial Advisors LLC lifted its position in EOG Resources by 9.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 4,231 shares of the energy exploration company's stock worth $520,000 after buying an additional 368 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of EOG Resources by 238.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,581 shares of the energy exploration company's stock valued at $440,000 after buying an additional 2,524 shares during the period. 89.91% of the stock is 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.