Q3 EPS Estimates for EOG Resources Lifted by Zacks Research

EOG Resources, Inc. (NYSE:EOG) – Stock analysts at Zacks Research upped their Q3 2026 EPS estimates for EOG Resources in a research report issued to clients and investors on Tuesday, August 18th. Zacks Research analyst Team now anticipates that the energy exploration company will earn $4.42 per share for the quarter, up from their previous forecast of $3.87. Zacks Research has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $16.43 per share. Zacks Research also issued estimates for EOG Resources’ FY2026 earnings at $16.78 EPS, Q1 2027 earnings at $4.08 EPS, Q3 2027 earnings at $3.35 EPS, FY2027 earnings at $14.03 EPS and Q2 2028 earnings at $3.10 EPS.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley set a $157.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Freedom Capital cut EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Truist Financial raised their target price on shares of EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein lowered their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $155.41.

EOG Resources Price Performance

EOG Resources stock opened at $149.54 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. EOG Resources has a one year low of $101.59 and a one year high of $151.87. The business has a fifty day moving average of $138.10 and a two-hundred day moving average of $134.59. The company has a market cap of $78.44 billion, a P/E ratio of 11.64 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.32 EPS.

Institutional Trading of EOG Resources

Hedge funds and other institutional investors have recently bought and sold shares of the company. SJS Investment Consulting Inc. raised its position in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares in the last quarter. Financial Life Planners bought a new stake in EOG Resources in the 1st quarter valued at about $30,000. Acumen Wealth Advisors LLC bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $25,000. Wedbush Fund Advisers LLC bought a new stake in EOG Resources during the 2nd quarter valued at $31,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of EOG Resources during the fourth quarter valued at about $26,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 16th. EOG Resources’s payout ratio is 31.75%.

EOG Resources News Summary

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

• Positive Sentiment: Zacks Research raised its 2026 EPS forecast to $16.78 from $15.59, above the current consensus estimate of $16.43. The firm also increased its Q3 2026 estimate to $4.42 from $3.87, supporting the outlook for near-term earnings strength. EOG Resources analyst estimates
• Positive Sentiment: Longer-term revisions were also favorable: FY2027 EPS rose to $14.03 from $13.05, Q1 2027 EPS increased to $4.08 from $3.47, and Q3 2027 EPS advanced to $3.35 from $3.03. Zacks additionally raised Q4 2026, Q4 2027, Q1 2028 and FY2028 estimates.
• Positive Sentiment: The revisions reinforce EOG’s strong operating backdrop following its latest quarterly report, when the company exceeded earnings and revenue expectations and posted 57.4% year-over-year revenue growth. EOG Resources financial information
• Neutral Sentiment: Zacks maintained a Hold rating, indicating that the higher forecasts have not yet led to a more bullish formal recommendation.
• Negative Sentiment: Some estimates were reduced, including Q2 2028 EPS to $3.10 from $3.49 and Q2 2027 EPS to $3.26 from $3.33. The FY2028 forecast of $13.18 remains below projected FY2026 earnings, suggesting analysts expect earnings to moderate over time.
• Negative Sentiment: Rising Treasury yields— with the 30-year yield recently reaching a multiyear high and the 10-year yield near 4.72%—could pressure valuation for income-oriented energy stocks and raise financing costs across the sector. Dividend stocks and Treasury yields

EOG Resources Company Profile

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.