Wall Street analysts predict that EOG Resources, Inc. (NYSE:EOG – Get Rating) will announce $5.60 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for EOG Resources’ earnings. The highest sales estimate is $6.46 billion and the lowest is $5.13 billion. EOG Resources reported sales of $3.69 billion in the same quarter last year, which would suggest a positive year over year growth rate of 51.8%. The firm is expected to announce its next earnings report after the market closes on Monday, January 1st.
On average, analysts expect that EOG Resources will report full-year sales of $23.21 billion for the current fiscal year, with estimates ranging from $20.02 billion to $27.49 billion. For the next year, analysts forecast that the business will post sales of $22.67 billion, with estimates ranging from $19.70 billion to $24.93 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for EOG Resources.
EOG Resources (NYSE:EOG – Get Rating) last posted its quarterly earnings results on Thursday, February 24th. The energy exploration company reported $3.09 earnings per share for the quarter, missing the consensus estimate of $3.21 by ($0.12). EOG Resources had a net margin of 25.02% and a return on equity of 23.50%. The business had revenue of $6.04 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm’s quarterly revenue was up 103.8% on a year-over-year basis.
Shares of EOG stock opened at $122.94 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.12 and a quick ratio of 1.98. The firm has a market cap of $71.97 billion, a P/E ratio of 15.41, a PEG ratio of 0.31 and a beta of 1.79. The stock’s 50-day moving average is $117.23 and its two-hundred day moving average is $101.88. EOG Resources has a fifty-two week low of $62.81 and a fifty-two week high of $127.94.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Friday, April 15th will be given a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, April 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.44%. EOG Resources’s dividend payout ratio is 37.59%.
In other EOG Resources news, EVP Michael P. Donaldson sold 11,327 shares of the firm’s stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $117.15, for a total transaction of $1,326,958.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Ann D. Janssen sold 3,688 shares of the firm’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $121.96, for a total transaction of $449,788.48. The disclosure for this sale can be found here. Insiders sold a total of 19,677 shares of company stock worth $2,343,086 over the last quarter. 0.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of EOG Resources during the 4th quarter worth approximately $27,000. Rational Advisors LLC grew its stake in shares of EOG Resources by 102.0% during the 4th quarter. Rational Advisors LLC now owns 303 shares of the energy exploration company’s stock worth $27,000 after acquiring an additional 153 shares in the last quarter. JCIC Asset Management Inc. bought a new position in shares of EOG Resources during the 4th quarter worth approximately $31,000. Equitec Proprietary Markets LLC bought a new position in shares of EOG Resources during the 4th quarter worth approximately $31,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of EOG Resources during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.
About EOG Resources (Get Rating)
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.
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