FY2025 EPS Estimate for EOG Resources Decreased by Analyst

EOG Resources, Inc. (NYSE:EOG) – Equities research analysts at Scotiabank lowered their FY2025 earnings estimates for shares of EOG Resources in a report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the energy exploration company will earn $10.80 per share for the year, down from their previous estimate of $11.95. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. Scotiabank also issued estimates for EOG Resources’ FY2026 earnings at $11.65 EPS.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion.

Several other research analysts also recently commented on EOG. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Wells Fargo & Company dropped their price objective on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Piper Sandler decreased their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Mizuho decreased their target price on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and a consensus price target of $145.33.

EOG Resources Stock Up 0.5 %

EOG opened at $124.91 on Monday. The firm has a 50-day simple moving average of $129.11 and a two-hundred day simple moving average of $127.51. EOG Resources has a 52 week low of $115.78 and a 52 week high of $139.67. The company has a market capitalization of $69.19 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is currently 34.73%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EOG Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. Insight Inv LLC grew its stake in EOG Resources by 0.8% in the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after acquiring an additional 75 shares in the last quarter. Essex Financial Services Inc. grew its stake in EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock worth $753,000 after acquiring an additional 79 shares in the last quarter. Valmark Advisers Inc. grew its stake in EOG Resources by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock worth $385,000 after acquiring an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its stake in shares of EOG Resources by 8.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock valued at $121,000 after purchasing an additional 80 shares in the last quarter. Finally, 1ST Source Bank boosted its stake in shares of EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company’s stock valued at $656,000 after purchasing an additional 80 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.