Brokerages expect that EOG Resources, Inc. (NYSE:EOG) will report sales of $3.60 billion for the current quarter, according to Zacks. Five analysts have provided estimates for EOG Resources’ earnings, with the lowest sales estimate coming in at $3.24 billion and the highest estimate coming in at $3.83 billion. EOG Resources posted sales of $4.72 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 23.7%. The business is expected to report its next earnings report after the market closes on Thursday, May 6th.
According to Zacks, analysts expect that EOG Resources will report full-year sales of $14.44 billion for the current year, with estimates ranging from $13.58 billion to $15.42 billion. For the next financial year, analysts forecast that the business will post sales of $14.95 billion, with estimates ranging from $14.12 billion to $16.50 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for EOG Resources.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, February 25th. The energy exploration company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.33. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.90 billion. EOG Resources had a positive return on equity of 5.86% and a negative net margin of 2.47%.
EOG stock traded up $3.72 during trading on Friday, hitting $74.12. The company had a trading volume of 4,681,406 shares, compared to its average volume of 4,772,940. The firm has a market cap of $43.26 billion, a PE ratio of -142.54 and a beta of 2.09. EOG Resources has a 1-year low of $31.22 and a 1-year high of $77.14. The firm has a 50-day moving average price of $71.83 and a 200-day moving average price of $54.20. The company has a quick ratio of 1.47, a current ratio of 1.69 and a debt-to-equity ratio of 0.25.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Friday, April 16th will be issued a $0.4125 dividend. The ex-dividend date of this dividend is Thursday, April 15th. This is an increase from EOG Resources’s previous quarterly dividend of $0.38. This represents a $1.65 annualized dividend and a yield of 2.23%. EOG Resources’s payout ratio is 30.12%.
In other EOG Resources news, COO Lloyd W. Helms, Jr. sold 8,623 shares of the business’s stock in a transaction on Friday, March 12th. The stock was sold at an average price of $74.74, for a total value of $644,483.02. Following the completion of the transaction, the chief operating officer now directly owns 121,239 shares in the company, valued at approximately $9,061,402.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 6,223 shares of the company’s stock in a transaction on Friday, March 12th. The stock was sold at an average price of $74.98, for a total value of $466,600.54. Following the sale, the executive vice president now owns 119,184 shares of the company’s stock, valued at $8,936,416.32. The disclosure for this sale can be found here. Insiders sold a total of 18,119 shares of company stock valued at $1,356,231 over the last quarter. 0.30% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. CVA Family Office LLC lifted its position in shares of EOG Resources by 16.7% during the first quarter. CVA Family Office LLC now owns 1,050 shares of the energy exploration company’s stock worth $76,000 after purchasing an additional 150 shares during the last quarter. Ferris Capital LLC lifted its position in shares of EOG Resources by 1.9% during the fourth quarter. Ferris Capital LLC now owns 10,769 shares of the energy exploration company’s stock worth $537,000 after purchasing an additional 196 shares during the last quarter. Glassman Wealth Services raised its stake in EOG Resources by 22.9% during the fourth quarter. Glassman Wealth Services now owns 1,095 shares of the energy exploration company’s stock worth $55,000 after acquiring an additional 204 shares during the period. Bremer Bank National Association raised its stake in EOG Resources by 1.2% during the fourth quarter. Bremer Bank National Association now owns 17,860 shares of the energy exploration company’s stock worth $891,000 after acquiring an additional 209 shares during the period. Finally, Linscomb & Williams Inc. raised its stake in EOG Resources by 4.0% during the fourth quarter. Linscomb & Williams Inc. now owns 5,886 shares of the energy exploration company’s stock worth $294,000 after acquiring an additional 226 shares during the period. 87.69% of the stock is currently owned by institutional investors and hedge funds.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; the Republic of Trinidad and Tobago; the People's Republic of China; and the Sultanate of Oman.
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