Roth Capital Brokers Decrease Earnings Estimates for EOG Resources, Inc. (NYSE:EOG)

EOG Resources, Inc. (NYSE:EOG) – Research analysts at Roth Capital decreased their Q4 2024 earnings estimates for shares of EOG Resources in a research note issued on Thursday, May 2nd. Roth Capital analyst L. Mariani now forecasts that the energy exploration company will post earnings per share of $3.43 for the quarter, down from their prior forecast of $3.48. The consensus estimate for EOG Resources’ current full-year earnings is $12.14 per share. Roth Capital also issued estimates for EOG Resources’ Q1 2025 earnings at $3.33 EPS, Q2 2025 earnings at $3.20 EPS, Q3 2025 earnings at $3.40 EPS, Q4 2025 earnings at $3.75 EPS and FY2025 earnings at $13.68 EPS.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a report on Tuesday, April 9th. Mizuho upped their target price on EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 15th. Citigroup lifted their price target on shares of EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Tuesday. Finally, Raymond James reduced their price target on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Fourteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $142.27.

EOG Resources Stock Down 0.2 %

Shares of EOG Resources stock opened at $130.23 on Monday. The company’s 50 day moving average price is $128.17 and its 200-day moving average price is $122.33. EOG Resources has a 52-week low of $106.32 and a 52-week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The stock has a market capitalization of $74.84 billion, a price-to-earnings ratio of 10.29 and a beta of 1.38.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period last year, the company earned $2.69 EPS. EOG Resources’s revenue for the quarter was up 1.3% compared to the same quarter last year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

Hedge Funds Weigh In On EOG Resources

Hedge funds have recently added to or reduced their stakes in the company. Capital World Investors boosted its position in shares of EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after buying an additional 9,455,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of EOG Resources by 26.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after purchasing an additional 1,029,727 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in EOG Resources by 863.4% during the third quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock valued at $139,445,000 after purchasing an additional 985,884 shares during the period. Ameriprise Financial Inc. boosted its holdings in EOG Resources by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after purchasing an additional 892,951 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in EOG Resources in the 3rd quarter worth approximately $71,596,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Company Profile

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.