EOG Resources Q4 EPS Forecast Decreased by Zacks Research

EOG Resources, Inc. (NYSE:EOG) – Equities research analysts at Zacks Research lowered their Q4 2026 earnings estimates for EOG Resources in a report released on Monday, September 1st. Zacks Research analyst Team now expects that the energy exploration company will post earnings per share of $3.08 for the quarter, down from their previous estimate of $3.10. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same quarter last year, the firm posted $3.16 earnings per share. EOG Resources’s revenue for the quarter was down 9.1% compared to the same quarter last year.

A number of other analysts have also issued reports on the stock. Raymond James Financial lifted their price objective on shares of EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the company an “equal weight” rating in a research note on Monday, June 2nd. Mizuho dropped their price objective on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. UBS Group lifted their price objective on shares of EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Finally, Roth Capital lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $140.00 to $134.00 in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.52.

EOG Resources Trading Down 4.3%

NYSE EOG opened at $120.64 on Thursday. The firm has a market capitalization of $65.87 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 9.56 and a beta of 0.85. The company’s 50 day moving average price is $120.23 and its 200 day moving average price is $118.84. EOG Resources has a one year low of $102.52 and a one year high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

Hedge Funds Weigh In On EOG Resources

A number of hedge funds have recently added to or reduced their stakes in EOG. Nuveen LLC acquired a new stake in EOG Resources in the first quarter worth about $451,908,000. First Trust Advisors LP lifted its holdings in EOG Resources by 64.1% in the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock worth $445,921,000 after purchasing an additional 1,456,928 shares during the period. GAMMA Investing LLC lifted its holdings in EOG Resources by 14,784.1% in the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company’s stock worth $164,323,000 after purchasing an additional 1,272,765 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in EOG Resources by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after purchasing an additional 1,188,552 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in EOG Resources by 282.3% in the second quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock worth $184,924,000 after purchasing an additional 1,141,680 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares of the company’s stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

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.