Scotiabank Estimates EOG Resources FY2026 Earnings

EOG Resources, Inc. (NYSE:EOG - Free Report) - Equities research analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for EOG Resources in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst P. Cheng forecasts that the energy exploration company will post earnings per share of $12.80 for the year. Scotiabank currently has a "Sector Perform" rating and a $140.00 target price on the stock. The consensus estimate for EOG Resources' current full-year earnings is $11.47 per share.

EOG has been the topic of a number of other research reports. Wolfe Research upgraded shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. Barclays reduced their target price on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a report on Thursday, October 3rd. Truist Financial boosted their price target on EOG Resources from $115.00 to $135.00 and gave the company a "hold" rating in a report on Tuesday, November 12th. Benchmark restated a "hold" rating on shares of EOG Resources in a research note on Tuesday, November 12th. Finally, KeyCorp lowered their target price on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $143.71.

EOG Resources Stock Up 2.4 %

Shares of EOG Resources stock traded up $3.08 on Friday, hitting $131.54. 4,882,823 shares of the company's stock traded hands, compared to its average volume of 3,218,920. The stock has a market cap of $73.98 billion, a P/E ratio of 10.59, a PEG ratio of 3.37 and a beta of 1.29. The firm's 50-day moving average is $127.97 and its 200 day moving average is $126.68. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources has a 52-week low of $108.94 and a 52-week high of $139.67.

Institutional Investors Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently made changes to their positions in EOG. Franklin Resources Inc. increased its stake in shares of EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock valued at $694,717,000 after acquiring an additional 2,076,134 shares during the last quarter. Fisher Asset Management LLC raised its holdings in EOG Resources by 856.7% in the third quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company's stock worth $147,621,000 after purchasing an additional 1,075,334 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of EOG Resources in the 2nd quarter valued at $106,990,000. Legal & General Group Plc grew its stake in EOG Resources by 9.1% in the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company's stock valued at $609,300,000 after acquiring an additional 403,676 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of EOG Resources by 42.8% in the third quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company's stock worth $136,874,000 after acquiring an additional 333,947 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares of the company's stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

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

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 2.96%. This is an increase from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources's payout ratio is presently 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.