Wall Street brokerages predict that EOG Resources Inc (NYSE:EOG) will announce earnings per share (EPS) of $1.11 for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for EOG Resources’ earnings, with estimates ranging from $0.92 to $1.36. EOG Resources reported earnings per share of $1.24 during the same quarter last year, which would suggest a negative year over year growth rate of 10.5%. The firm is scheduled to report its next quarterly earnings results on Tuesday, February 25th.
According to Zacks, analysts expect that EOG Resources will report full year earnings of $4.71 per share for the current financial year, with EPS estimates ranging from $4.30 to $5.00. For the next financial year, analysts forecast that the business will report earnings of $4.67 per share, with EPS estimates ranging from $3.61 to $5.46. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow EOG Resources.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.13. EOG Resources had a return on equity of 13.94% and a net margin of 16.96%. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the previous year, the business earned $1.75 earnings per share. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the stock. Knuff & Co LLC acquired a new stake in EOG Resources during the second quarter valued at approximately $28,000. Tortoise Investment Management LLC acquired a new stake in EOG Resources during the second quarter valued at approximately $34,000. Quest Capital Management Inc. ADV acquired a new stake in EOG Resources during the third quarter valued at approximately $28,000. Mizuho Securities Co. Ltd. acquired a new stake in EOG Resources during the second quarter valued at approximately $37,000. Finally, Foresters Asset Management Inc. raised its stake in EOG Resources by 53.8% during the second quarter. Foresters Asset Management Inc. now owns 400 shares of the energy exploration company’s stock valued at $38,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.
EOG stock traded down $1.22 during trading on Friday, reaching $75.49. 2,648,478 shares of the stock traded hands, compared to its average volume of 3,369,757. The business’s 50 day moving average price is $72.59 and its 200-day moving average price is $78.58. EOG Resources has a 52-week low of $64.33 and a 52-week high of $107.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.90. The firm has a market capitalization of $43.44 billion, a PE ratio of 13.63, a P/E/G ratio of 1.68 and a beta of 1.36.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Thursday, January 16th. EOG Resources’s dividend payout ratio (DPR) is 20.76%.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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