Brokerages Expect EOG Resources Inc (NYSE:EOG) Will Post Quarterly Sales of $4.33 Billion

Equities research analysts expect EOG Resources Inc (NYSE:EOG) to announce $4.33 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for EOG Resources’ earnings, with the highest sales estimate coming in at $4.48 billion and the lowest estimate coming in at $4.15 billion. EOG Resources reported sales of $4.57 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.3%. The company is scheduled to announce its next earnings report on Tuesday, February 25th.

On average, analysts expect that EOG Resources will report full-year sales of $17.29 billion for the current fiscal year, with estimates ranging from $16.96 billion to $17.54 billion. For the next financial year, analysts expect that the company will post sales of $18.31 billion, with estimates ranging from $17.40 billion to $19.65 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow EOG Resources.

EOG Resources (NYSE:EOG) last posted its earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.13. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.38 billion. EOG Resources had a net margin of 16.96% and a return on equity of 13.94%. The company’s revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 earnings per share.

A number of analysts have recently commented on the company. Barclays cut their price target on EOG Resources from $132.00 to $111.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. SunTrust Banks raised their price objective on shares of EOG Resources to $80.00 and gave the company a “hold” rating in a report on Friday, November 8th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $109.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. KeyCorp reduced their target price on shares of EOG Resources from $110.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Finally, Raymond James decreased their price target on shares of EOG Resources from $105.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. EOG Resources has a consensus rating of “Buy” and a consensus price target of $104.55.

Several institutional investors and hedge funds have recently bought and sold shares of EOG. Hotaling Investment Management LLC lifted its position in shares of EOG Resources by 1.2% during the 2nd quarter. Hotaling Investment Management LLC now owns 12,066 shares of the energy exploration company’s stock valued at $1,124,000 after acquiring an additional 139 shares during the period. Foresters Asset Management Inc. grew 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. Parallel Advisors LLC grew its holdings in EOG Resources by 7.3% in the second quarter. Parallel Advisors LLC now owns 2,140 shares of the energy exploration company’s stock worth $199,000 after purchasing an additional 146 shares during the period. Thompson Investment Management Inc. increased its stake in EOG Resources by 1.6% in the third quarter. Thompson Investment Management Inc. now owns 9,951 shares of the energy exploration company’s stock valued at $739,000 after purchasing an additional 153 shares in the last quarter. Finally, Nicolet Bankshares Inc. increased its stake in EOG Resources by 3.8% in the second quarter. Nicolet Bankshares Inc. now owns 4,847 shares of the energy exploration company’s stock valued at $452,000 after purchasing an additional 176 shares in the last quarter. Institutional investors own 85.88% of the company’s stock.

Shares of EOG traded down $1.22 during trading hours on Monday, reaching $75.49. The stock had a trading volume of 2,648,478 shares, compared to its average volume of 3,369,757. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.08. EOG Resources has a 12 month low of $64.33 and a 12 month high of $107.89. The stock has a market capitalization of $43.44 billion, a PE ratio of 13.63, a PEG ratio of 1.68 and a beta of 1.36. The company’s 50-day moving average is $72.59 and its two-hundred day moving average is $78.58.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.2875 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.52%. EOG Resources’s dividend payout ratio (DPR) is currently 20.76%.

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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