Zacks Research Lifts Earnings Estimates for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Investment analysts at Zacks Research increased their Q2 2026 EPS estimates for shares of EOG Resources in a research note issued on Monday, July 6th. Zacks Research analyst Team now expects that the energy exploration company will post earnings of $4.67 per share for the quarter, up from their prior forecast of $4.32. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $16.23 per share. Zacks Research also issued estimates for EOG Resources’ Q3 2026 earnings at $4.45 EPS, Q4 2026 earnings at $3.36 EPS, FY2026 earnings at $15.89 EPS, Q2 2027 earnings at $3.67 EPS, Q1 2028 earnings at $3.13 EPS and FY2028 earnings at $12.48 EPS.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.87 earnings per share.

A number of other equities analysts have also weighed in on EOG. Jefferies Financial Group reaffirmed a “buy” rating and issued a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Piper Sandler lifted their target price on EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. JPMorgan Chase & Co. lowered their price target on EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Sanford C. Bernstein dropped their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, May 20th. Finally, Truist Financial reduced their price objective on shares of EOG Resources from $149.00 to $134.00 and set a “hold” rating on the stock in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.25.

EOG Resources Trading Up 4.0%

Shares of EOG stock opened at $134.61 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The stock has a fifty day simple moving average of $135.65 and a two-hundred day simple moving average of $126.82. The firm has a market capitalization of $71.70 billion, a PE ratio of 13.25 and a beta of 0.25. EOG Resources has a 52-week low of $101.59 and a 52-week high of $151.87.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Institutional Trading of EOG Resources

Several hedge funds have recently modified their holdings of EOG. Sivia Capital Partners LLC purchased a new stake in EOG Resources during the second quarter valued at $258,000. Quantbot Technologies LP bought a new stake in shares of EOG Resources in the 2nd quarter worth about $349,000. Gamco Investors INC. ET AL increased its holdings in shares of EOG Resources by 216.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after buying an additional 4,485 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of EOG Resources by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after buying an additional 444 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after acquiring an additional 15,250 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting EOG Resources

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Zacks Research lifted FY2026 EPS estimates to $15.89 from $15.45, signaling stronger expected profitability over the next year.
• Positive Sentiment: Analysts also raised Q2 2026, Q3 2026, and Q4 2026 earnings forecasts, reinforcing expectations for solid near-term operating performance.
• Positive Sentiment: A Seeking Alpha upgrade argued EOG is a premium oil producer trading at a discount, which may support investor interest in the stock. Article: EOG Resources: A Premium Oil Producer Trading At A Discount (Rating Upgrade)
• Neutral Sentiment: Zacks maintained a Hold rating overall, indicating the upgrades were not strong enough to turn broadly bullish.
• Negative Sentiment: Zacks cut FY2027, Q3 2027, Q1 2028, and FY2028 earnings estimates in some reports, showing longer-term expectations are more cautious.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.