EOG Resources Inc (NYSE:EOG) – Research analysts at Capital One Financial raised their Q3 2020 earnings per share estimates for EOG Resources in a note issued to investors on Wednesday, June 24th. Capital One Financial analyst P. Johnston now expects that the energy exploration company will earn $0.22 per share for the quarter, up from their previous estimate of $0.17. Capital One Financial also issued estimates for EOG Resources’ FY2020 earnings at $0.67 EPS.
Other research analysts have also issued research reports about the company. Piper Sandler lowered EOG Resources from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $113.00 to $39.00 in a report on Tuesday, March 24th. Stifel Nicolaus raised their target price on EOG Resources from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 8th. Credit Suisse Group raised their target price on EOG Resources from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, May 8th. SunTrust Banks upgraded EOG Resources from a “hold” rating to a “buy” rating and raised their target price for the company from $50.00 to $70.00 in a report on Friday, June 19th. Finally, Raymond James dropped their target price on EOG Resources from $78.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, March 17th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $73.25.
Shares of NYSE:EOG opened at $50.66 on Monday. The business’s 50 day simple moving average is $52.34 and its two-hundred day simple moving average is $59.81. The firm has a market cap of $29.49 billion, a P/E ratio of 13.92, a PEG ratio of 22.18 and a beta of 1.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.35 and a current ratio of 1.51. EOG Resources has a 52-week low of $27.00 and a 52-week high of $95.29.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 7th. The energy exploration company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.11). The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $3.83 billion. EOG Resources had a return on equity of 11.89% and a net margin of 11.69%. The firm’s revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.19 EPS.
A number of large investors have recently added to or reduced their stakes in the business. Paradigm Asset Management Co. LLC increased its position in EOG Resources by 8.6% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 1,900 shares of the energy exploration company’s stock worth $159,000 after buying an additional 150 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of EOG Resources by 2.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 10,795 shares of the energy exploration company’s stock worth $387,000 after acquiring an additional 216 shares during the period. Cim Investment Mangement Inc. boosted its holdings in shares of EOG Resources by 3.4% in the first quarter. Cim Investment Mangement Inc. now owns 6,903 shares of the energy exploration company’s stock worth $248,000 after acquiring an additional 229 shares during the period. Gateway Investment Advisers LLC boosted its holdings in shares of EOG Resources by 3.2% in the first quarter. Gateway Investment Advisers LLC now owns 7,998 shares of the energy exploration company’s stock worth $287,000 after acquiring an additional 251 shares during the period. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of EOG Resources by 27.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,178 shares of the energy exploration company’s stock worth $99,000 after acquiring an additional 252 shares during the period. 87.13% of the stock is owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Thursday, July 16th. EOG Resources’s dividend payout ratio is currently 30.12%.
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 People's Republic of China, and Canada.
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