Wall Street brokerages expect that EOG Resources, Inc. (NYSE:EOG) will announce earnings of $0.09 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for EOG Resources’ earnings. The highest EPS estimate is $0.18 and the lowest is ($0.03). EOG Resources posted earnings of ($0.40) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 122.5%. The business is expected to announce its next earnings report on Thursday, November 2nd.
On average, analysts expect that EOG Resources will report full year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.28 to $1.01. For the next year, analysts forecast that the business will report earnings of $1.49 per share, with EPS estimates ranging from $0.59 to $4.27. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover EOG Resources.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the firm earned ($0.38) EPS. EOG Resources’s revenue for the quarter was up 47.1% compared to the same quarter last year.
A number of equities research analysts have recently commented on EOG shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a research note on Friday, July 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price objective on shares of EOG Resources in a research note on Friday, August 4th. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Credit Suisse Group set a $108.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research note on Friday, June 2nd. Finally, Scotiabank set a $100.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research note on Saturday, July 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $108.38.
Shares of EOG Resources (NYSE EOG) traded up 1.50% during trading on Tuesday, reaching $93.16. 2,556,205 shares of the company’s stock traded hands. The company has a 50 day moving average price of $88.01 and a 200-day moving average price of $91.82. EOG Resources has a one year low of $81.99 and a one year high of $109.37. The stock’s market cap is $53.80 billion.
In other EOG Resources news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the transaction, the executive vice president now owns 70,987 shares in the company, valued at approximately $6,262,473.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Israel Discount Bank of New York purchased a new position in EOG Resources in the 1st quarter valued at $556,000. Morse Asset Management Inc purchased a new position in shares of EOG Resources during the 1st quarter worth $5,899,000. Arosa Capital Management LP purchased a new position in shares of EOG Resources during the 1st quarter worth $13,828,000. Schwab Charles Investment Management Inc. raised its holdings in shares of EOG Resources by 1.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,810,291 shares of the energy exploration company’s stock worth $176,594,000 after acquiring an additional 31,630 shares during the period. Finally, Usca Ria LLC raised its holdings in shares of EOG Resources by 232.2% during the 2nd quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock worth $1,417,000 after acquiring an additional 10,939 shares during the period. Institutional investors own 85.48% of the company’s stock.
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About EOG Resources
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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