Wall Street brokerages forecast that EOG Resources Inc (NYSE:EOG) will report earnings of $1.73 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for EOG Resources’ earnings, with the highest EPS estimate coming in at $2.17 and the lowest estimate coming in at $1.38. EOG Resources reported earnings of $0.69 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 150.7%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that EOG Resources will report full-year earnings of $6.00 per share for the current financial year, with EPS estimates ranging from $5.65 to $6.48. For the next year, analysts anticipate that the company will report earnings of $8.07 per share, with EPS estimates ranging from $6.40 to $10.44. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow EOG Resources.
EOG Resources (NYSE:EOG) last announced its earnings results on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.19. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.20 billion. EOG Resources had a net margin of 30.90% and a return on equity of 16.79%. The company’s revenue for the quarter was up 80.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS.
In other news, EVP David W. Trice sold 2,489 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $127.44, for a total transaction of $317,198.16. Following the completion of the transaction, the executive vice president now directly owns 74,807 shares of the company’s stock, valued at $9,533,404.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 1,792 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total transaction of $209,305.60. Following the transaction, the director now directly owns 49,741 shares of the company’s stock, valued at $5,809,748.80. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NuWave Investment Management LLC raised its holdings in shares of EOG Resources by 2,366.7% during the third quarter. NuWave Investment Management LLC now owns 1,184 shares of the energy exploration company’s stock valued at $151,000 after purchasing an additional 1,136 shares during the last quarter. Resources Management Corp CT ADV purchased a new position in shares of EOG Resources during the third quarter valued at approximately $158,000. Transamerica Financial Advisors Inc. purchased a new position in shares of EOG Resources during the second quarter valued at approximately $158,000. ELM Advisors LLC purchased a new position in shares of EOG Resources during the third quarter valued at approximately $162,000. Finally, Kaizen Advisory LLC raised its holdings in shares of EOG Resources by 133.6% during the second quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock valued at $162,000 after purchasing an additional 744 shares during the last quarter. 86.15% of the stock is owned by hedge funds and other institutional investors.
Shares of EOG opened at $101.59 on Tuesday. The stock has a market cap of $57.13 billion, a PE ratio of 90.71, a P/E/G ratio of 1.15 and a beta of 1.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 1.09. EOG Resources has a 1-year low of $96.54 and a 1-year high of $133.53.
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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