EOG Resources (NYSE:EOG) will be posting its quarterly earnings results after the market closes on Thursday, November 1st. Analysts expect EOG Resources to post earnings of $1.49 per share for the quarter.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 2nd. The energy exploration company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $3.95 billion. EOG Resources had a return on equity of 12.38% and a net margin of 27.81%. The company’s quarterly revenue was up 62.2% compared to the same quarter last year. During the same period last year, the business posted $0.08 EPS. On average, analysts expect EOG Resources to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.
EOG Resources stock opened at $102.04 on Tuesday. The stock has a market capitalization of $61.72 billion, a PE ratio of 91.11, a PEG ratio of 1.18 and a beta of 1.00. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 0.30. EOG Resources has a 12 month low of $96.54 and a 12 month high of $133.53.
In other news, CEO William R. Thomas sold 57,065 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $122.36, for a total value of $6,982,473.40. Following the completion of the sale, the chief executive officer now owns 755,519 shares in the company, valued at $92,445,304.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David W. Trice sold 2,489 shares of the stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $127.44, for a total value of $317,198.16. Following the completion of the sale, the executive vice president now owns 74,807 shares of the company’s stock, valued at approximately $9,533,404.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,346 shares of company stock valued at $7,508,977. Insiders own 0.51% of the company’s stock.
A number of research firms have recently commented on EOG. ValuEngine downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Co began coverage on EOG Resources in a report on Wednesday, October 24th. They issued a “market perform” rating and a $154.00 price objective on the stock. Piper Jaffray Companies set a $156.00 price objective on EOG Resources and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Tuesday, October 23rd. Finally, Morgan Stanley set a $132.00 price objective on EOG Resources and gave the stock a “hold” rating in a report on Friday, October 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. EOG Resources currently has an average rating of “Buy” and an average target price of $138.50.
EOG Resources Company Profile
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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