EOG Resources Inc. (NYSE:EOG) – Research analysts at Credit Agricole SA increased their FY2016 EPS estimates for shares of EOG Resources in a research report issued to clients and investors on Wednesday. Credit Agricole SA analyst A. Sen now forecasts that the brokerage will post earnings per share of ($1.69) for the year, up from their prior forecast of ($1.74). Credit Agricole SA has a “Underperform” rating and a $98.00 price target on the stock. Credit Agricole SA also issued estimates for EOG Resources’ FY2017 earnings at $0.80 EPS and FY2018 earnings at $1.84 EPS.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.10. EOG Resources had a negative net margin of 72.18% and a negative return on equity of 6.32%. The business earned $1.78 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the business earned $0.28 earnings per share. The company’s revenue was down 28.1% on a year-over-year basis.
Other equities research analysts have also issued research reports about the stock. Credit Suisse Group AG restated a “hold” rating and set a $90.00 price target on shares of EOG Resources in a research note on Tuesday, August 9th. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Royal Bank Of Canada raised their price target on shares of EOG Resources from $95.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 7th. RBC Capital Markets restated a “sector perform” rating and set a $95.00 price target (up previously from $88.00) on shares of EOG Resources in a research note on Wednesday, August 10th. Finally, Citigroup Inc. decreased their price target on shares of EOG Resources from $104.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, September 22nd. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $92.22.
EOG Resources (NYSE:EOG) opened at 94.48 on Friday. EOG Resources has a 12 month low of $57.15 and a 12 month high of $98.32. The firm’s market capitalization is $52.02 billion. The firm’s 50-day moving average is $92.86 and its 200 day moving average is $84.61.
A number of large investors have recently bought and sold shares of EOG. Spirit of America Management Corp NY raised its stake in EOG Resources by 85.1% in the third quarter. Spirit of America Management Corp NY now owns 8,700 shares of the energy exploration company’s stock valued at $841,000 after buying an additional 4,000 shares during the last quarter. Callahan Advisors LLC acquired a new stake in EOG Resources during the third quarter valued at approximately $224,000. National Pension Service raised its stake in EOG Resources by 8.8% in the third quarter. National Pension Service now owns 368,757 shares of the energy exploration company’s stock valued at $35,662,000 after buying an additional 29,918 shares during the last quarter. Stock Yards Bank & Trust Co. raised its stake in EOG Resources by 0.9% in the third quarter. Stock Yards Bank & Trust Co. now owns 113,193 shares of the energy exploration company’s stock valued at $10,947,000 after buying an additional 1,015 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in EOG Resources by 17.2% in the third quarter. Private Trust Co. NA now owns 10,981 shares of the energy exploration company’s stock valued at $1,061,000 after buying an additional 1,608 shares during the last quarter. 89.44% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Ann D. Janssen sold 1,310 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $94.13, for a total transaction of $123,310.30. Following the sale, the vice president now owns 54,073 shares of the company’s stock, valued at $5,089,891.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank G. Wisner sold 2,026 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $92.65, for a total transaction of $187,708.90. Following the sale, the director now directly owns 113,125 shares in the company, valued at approximately $10,481,031.25. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be given a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, October 13th. EOG Resources’s dividend payout ratio is currently -7.14%.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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