Q3 2024 EPS Estimates for EOG Resources, Inc. Decreased by Analyst (NYSE:EOG)

EOG Resources, Inc. (NYSE:EOG) – Research analysts at Capital One Financial cut their Q3 2024 earnings per share estimates for EOG Resources in a research report issued to clients and investors on Wednesday, October 9th. Capital One Financial analyst P. Johnston now anticipates that the energy exploration company will post earnings per share of $2.75 for the quarter, down from their previous forecast of $2.83. The consensus estimate for EOG Resources’ current full-year earnings is $11.83 per share. Capital One Financial also issued estimates for EOG Resources’ Q4 2024 earnings at $2.64 EPS, FY2024 earnings at $11.37 EPS, Q2 2025 earnings at $2.57 EPS, Q3 2025 earnings at $2.68 EPS, Q4 2025 earnings at $2.72 EPS and FY2026 earnings at $11.81 EPS.

EOG has been the topic of several other reports. Susquehanna lowered their price objective on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Wolfe Research began coverage on EOG Resources in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. UBS Group cut their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Wells Fargo & Company lowered their target price on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Fourteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $141.65.

EOG Resources Trading Up 0.2 %

Shares of EOG Resources stock opened at $132.45 on Friday. EOG Resources has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The company has a market capitalization of $75.31 billion, a P/E ratio of 10.23, a P/E/G ratio of 3.38 and a beta of 1.28. The company has a fifty day moving average of $125.70 and a 200 day moving average of $127.10.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.49 earnings per share.

Institutional Trading of EOG Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brevan Howard Capital Management LP lifted its holdings in EOG Resources by 564.3% during the 4th quarter. Brevan Howard Capital Management LP now owns 13,133 shares of the energy exploration company’s stock valued at $1,588,000 after buying an additional 11,156 shares in the last quarter. Blackstone Inc. boosted its holdings in shares of EOG Resources by 44.6% in the fourth quarter. Blackstone Inc. now owns 6,813 shares of the energy exploration company’s stock valued at $824,000 after purchasing an additional 2,100 shares during the period. Black Maple Capital Management LP grew its stake in EOG Resources by 272.7% in the fourth quarter. Black Maple Capital Management LP now owns 49,200 shares of the energy exploration company’s stock worth $5,951,000 after purchasing an additional 36,000 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its stake in EOG Resources by 29.9% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 241,958 shares of the energy exploration company’s stock worth $29,265,000 after purchasing an additional 55,638 shares in the last quarter. Finally, Groupama Asset Managment purchased a new position in EOG Resources during the 4th quarter worth $11,422,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is currently owned by company insiders.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is 28.11%.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.