Zacks Research Lowers Earnings Estimates for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Analysts at Zacks Research reduced their Q1 2028 EPS estimates for EOG Resources in a research note issued to investors on Thursday, October 22nd. Zacks Research analyst Team now anticipates that the energy exploration company will post earnings of $2.48 per share for the quarter, down from their prior forecast of $2.80. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $17.48 per share. Zacks Research also issued estimates for EOG Resources’ Q2 2028 earnings at $2.77 EPS.

Several other equities research analysts have also commented on EOG. Raymond James Financial reiterated a “strong-buy” rating and set a $186.00 price objective (up from $183.00) on shares of EOG Resources in a research note on Thursday, September 17th. Freedom Capital downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group restated a “neutral” rating and issued a $151.00 target price (up from $127.00) on shares of EOG Resources in a research report on Monday, August 24th. Morgan Stanley lifted their price target on EOG Resources from $157.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $185.00 price target on shares of EOG Resources in a research report on Saturday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $161.24.

EOG Resources Trading Down 0.1%

Shares of EOG Resources stock opened at $157.79 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. EOG Resources has a twelve month low of $101.59 and a twelve month high of $160.31. The firm has a market capitalization of $82.76 billion, a PE ratio of 12.28, a P/E/G ratio of 0.56 and a beta of 0.36. The firm’s 50-day moving average price is $147.21 and its 200 day moving average price is $140.65.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.32 EPS.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.6%. EOG Resources’s payout ratio is presently 31.75%.

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 7,336 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the sale, the executive vice president owned 100,558 shares in the company, valued at approximately $14,882,584. This represents a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the sale, the chief executive officer owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 52,317 shares of company stock worth $7,823,480. 0.14% of the stock is owned by insiders.

Institutional Investors Weigh In On EOG Resources

A number of large investors have recently made changes to their positions in EOG. BlackRock Inc. acquired a new stake in shares of EOG Resources in the second quarter valued at approximately $5,905,587,000. Dimensional Fund Advisors LP lifted its position in EOG Resources by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock worth $848,228,000 after buying an additional 54,091 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in EOG Resources during the second quarter worth approximately $654,899,000. Bank of America Corp DE acquired a new position in EOG Resources during the second quarter worth $551,321,000. Finally, First Trust Advisors LP boosted its stake in EOG Resources by 15.7% during the first quarter. First Trust Advisors LP now owns 3,446,002 shares of the energy exploration company’s stock worth $498,189,000 after buying an additional 468,090 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.