EOG Resources Inc (NYSE:EOG) – SunTrust Banks cut their Q3 2019 earnings estimates for shares of EOG Resources in a research report issued on Monday, July 8th. SunTrust Banks analyst N. Dingmann now expects that the energy exploration company will earn $1.08 per share for the quarter, down from their prior forecast of $1.37. SunTrust Banks has a “Buy” rating and a $120.00 price target on the stock. SunTrust Banks also issued estimates for EOG Resources’ FY2019 earnings at $4.82 EPS and FY2020 earnings at $5.76 EPS.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.16. EOG Resources had a return on equity of 17.10% and a net margin of 19.35%. The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the company posted $1.19 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis.
Shares of EOG Resources stock opened at $90.90 on Thursday. EOG Resources has a 52 week low of $80.41 and a 52 week high of $133.53. The company has a fifty day simple moving average of $87.76. The firm has a market cap of $52.53 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.48 and a beta of 1.33. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.
Hedge funds and other institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC increased its holdings in shares of EOG Resources by 76.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 113 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in EOG Resources by 131.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock worth $26,000 after buying an additional 156 shares during the last quarter. Guidant Wealth Advisors grew its stake in EOG Resources by 50.5% during the 1st quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after buying an additional 101 shares during the last quarter. Essex Savings Bank grew its stake in EOG Resources by 87.0% during the 1st quarter. Essex Savings Bank now owns 430 shares of the energy exploration company’s stock worth $41,000 after buying an additional 200 shares during the last quarter. Finally, Quad Cities Investment Group LLC purchased a new position in EOG Resources during the 1st quarter worth approximately $48,000. Institutional investors own 86.74% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.2875 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, July 16th. This represents a $1.15 annualized dividend and a yield of 1.27%. EOG Resources’s dividend payout ratio is 15.88%.
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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