EOG Resources Inc (NYSE:EOG) – Investment analysts at Jefferies Group upped their Q1 2017 earnings per share (EPS) estimates for EOG Resources in a research note issued to investors on Tuesday. Jefferies Group analyst M. Hsu now forecasts that the energy exploration company will post earnings per share of $0.10 for the quarter, up from their prior estimate of $0.09. Jefferies Group also issued estimates for EOG Resources’ Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $0.84 EPS, Q4 2018 earnings at $1.31 EPS and FY2018 earnings at $3.87 EPS.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Monday, February 27th. The energy exploration company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.17. The firm earned $2.40 billion during the quarter, compared to analysts’ expectations of $2.19 billion. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.27) EPS. COPYRIGHT VIOLATION WARNING: “EOG Resources Inc to Post Q1 2017 Earnings of $0.10 Per Share, Jefferies Group Forecasts (EOG)” was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.chaffeybreeze.com/2017/04/21/eog-resources-inc-to-post-q1-2017-earnings-of-0-10-per-share-jefferies-group-forecasts-eog.html.
Several other equities research analysts also recently issued reports on the stock. Royal Bank of Canada reiterated a “hold” rating and set a $110.00 price objective on shares of EOG Resources in a research note on Friday, April 7th. Iberia Capital upped their target price on shares of EOG Resources from $109.00 to $119.00 and gave the company an “outperform” rating in a research note on Monday, April 3rd. Scotiabank set a $104.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research note on Monday, March 27th. Tudor Pickering upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday, March 6th. Finally, KLR Group restated a “buy” rating and issued a $128.00 target price on shares of EOG Resources in a research note on Wednesday, March 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. EOG Resources presently has an average rating of “Buy” and a consensus price target of $105.96.
EOG Resources (NYSE:EOG) opened at 93.30 on Thursday. The stock’s market cap is $53.82 billion. The company’s 50 day moving average is $96.32 and its 200-day moving average is $98.34. EOG Resources has a 52-week low of $77.04 and a 52-week high of $109.37.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Thursday, April 13th will be issued a $0.1675 dividend. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.72%. EOG Resources’s dividend payout ratio (DPR) is presently -29.65%.
In related news, Director Charles R. Crisp sold 2,593 shares of the stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $100.02, for a total value of $259,351.86. Following the sale, the director now owns 49,613 shares of the company’s stock, valued at approximately $4,962,292.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank G. Wisner sold 28,000 shares of the stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $93.35, for a total transaction of $2,613,800.00. Following the completion of the sale, the director now directly owns 136,282 shares in the company, valued at approximately $12,721,924.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,593 shares of company stock worth $2,976,092. Corporate insiders own 0.52% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in EOG Resources by 3.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 85,996 shares of the energy exploration company’s stock worth $8,317,000 after buying an additional 2,622 shares during the period. 1ST Source Bank boosted its stake in EOG Resources by 10.8% in the third quarter. 1ST Source Bank now owns 4,889 shares of the energy exploration company’s stock worth $473,000 after buying an additional 477 shares during the period. GHP Investment Advisors Inc. boosted its stake in EOG Resources by 1.8% in the third quarter. GHP Investment Advisors Inc. now owns 24,925 shares of the energy exploration company’s stock worth $2,411,000 after buying an additional 444 shares during the period. Hermes Investment Management Ltd. purchased a new stake in EOG Resources during the third quarter worth $224,000. Finally, Baker Ellis Asset Management LLC purchased a new stake in EOG Resources during the third quarter worth $101,000. 85.49% of the stock is currently owned by institutional investors and hedge funds.
EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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