Brokers Set Expectations for EOG Resources Inc’s Q1 2020 Earnings (NYSE:EOG)

EOG Resources Inc (NYSE:EOG) – Stock analysts at SunTrust Banks issued their Q1 2020 earnings estimates for EOG Resources in a research note issued on Monday, October 21st. SunTrust Banks analyst N. Dingmann expects that the energy exploration company will post earnings per share of $1.14 for the quarter. SunTrust Banks currently has a “Hold” rating and a $70.00 target price on the stock. SunTrust Banks also issued estimates for EOG Resources’ Q2 2020 earnings at $1.15 EPS, Q3 2020 earnings at $1.21 EPS, Q4 2020 earnings at $1.26 EPS and Q1 2021 earnings at $1.17 EPS.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.02). EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The company had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same period last year, the company earned $1.37 earnings per share. EOG Resources’s revenue for the quarter was up 10.8% compared to the same quarter last year.

Several other analysts have also recently commented on EOG. Oppenheimer decreased their price target on shares of EOG Resources from $111.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. Citigroup decreased their price target on shares of EOG Resources from $116.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. TheStreet cut shares of EOG Resources from a “b-” rating to a “c” rating in a research note on Thursday, August 15th. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley decreased their price target on shares of EOG Resources from $97.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $108.00.

EOG opened at $71.97 on Thursday. EOG Resources has a one year low of $64.33 and a one year high of $110.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.83. The company’s 50 day simple moving average is $73.94 and its 200-day simple moving average is $84.57. The stock has a market capitalization of $41.62 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.34.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $1.15 annualized dividend and a yield of 1.60%. EOG Resources’s dividend payout ratio is currently 20.76%.

A number of hedge funds and other institutional investors have recently made changes to their positions in EOG. Knuff & Co LLC acquired a new stake in EOG Resources in the second quarter worth $28,000. Truvestments Capital LLC acquired a new stake in EOG Resources in the second quarter worth $33,000. Tortoise Investment Management LLC acquired a new stake in EOG Resources in the second quarter worth $34,000. Mizuho Securities Co. Ltd. acquired a new stake in EOG Resources in the second quarter worth $37,000. Finally, Foresters Asset Management Inc. raised its holdings in EOG Resources by 53.8% in the second quarter. Foresters Asset Management Inc. now owns 400 shares of the energy exploration company’s stock worth $38,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

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 People's Republic of China, and Canada.

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Earnings History and Estimates for EOG Resources (NYSE:EOG)

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