EOG Resources (NYSE:EOG) – Investment analysts at US Capital Advisors boosted their Q1 2018 earnings per share estimates for EOG Resources in a research note issued on Monday, April 23rd. US Capital Advisors analyst C. Horwitz now anticipates that the energy exploration company will earn $1.03 per share for the quarter, up from their previous estimate of $1.00. US Capital Advisors also issued estimates for EOG Resources’ Q2 2018 earnings at $1.47 EPS, Q3 2018 earnings at $1.60 EPS, Q4 2018 earnings at $1.59 EPS, FY2018 earnings at $5.69 EPS, Q1 2019 earnings at $1.73 EPS, Q2 2019 earnings at $1.65 EPS, Q3 2019 earnings at $1.62 EPS, Q4 2019 earnings at $1.60 EPS, FY2019 earnings at $6.60 EPS, Q1 2020 earnings at $1.76 EPS and FY2020 earnings at $7.06 EPS.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.30. EOG Resources had a net margin of 23.04% and a return on equity of 4.47%. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.03 billion.
EOG stock opened at $114.59 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 1.03. EOG Resources has a fifty-two week low of $81.99 and a fifty-two week high of $119.00. The company has a market capitalization of $66,450.60, a P/E ratio of 102.31, a P/E/G ratio of 3.33 and a beta of 1.05.
Several hedge funds have recently made changes to their positions in EOG. Northside Capital Management LLC acquired a new position in EOG Resources in the 4th quarter worth $82,404,000. Element Capital Management LLC acquired a new position in EOG Resources in the 4th quarter worth $81,570,000. Two Sigma Advisers LP boosted its stake in EOG Resources by 452.2% in the 4th quarter. Two Sigma Advisers LP now owns 766,761 shares of the energy exploration company’s stock worth $82,741,000 after purchasing an additional 627,904 shares during the period. Key Square Capital Management LLC acquired a new position in EOG Resources in the 4th quarter worth $66,329,000. Finally, Discovery Capital Management LLC CT boosted its stake in EOG Resources by 279.8% in the 4th quarter. Discovery Capital Management LLC CT now owns 778,500 shares of the energy exploration company’s stock worth $84,008,000 after purchasing an additional 573,500 shares during the period. 85.56% of the stock is owned by institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be issued a $0.185 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, April 13th. This represents a $0.74 annualized dividend and a dividend yield of 0.65%. EOG Resources’s payout ratio is 66.07%.
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About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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