Q2 EPS Estimates for EOG Resources Increased by Analyst

EOG Resources, Inc. (NYSE:EOG) – Equities researchers at Zacks Research raised their Q2 2026 earnings estimates for shares of EOG Resources in a research note issued to investors on Tuesday, July 8th. Zacks Research analyst R. Department now anticipates that the energy exploration company will post earnings per share of $2.57 for the quarter, up from their prior estimate of $2.56. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. Zacks Research also issued estimates for EOG Resources’ Q3 2026 earnings at $2.46 EPS, FY2026 earnings at $10.81 EPS, Q1 2027 earnings at $2.40 EPS and FY2027 earnings at $11.01 EPS.

A number of other analysts have also recently commented on EOG. UBS Group reiterated a “buy” rating and issued a $140.00 target price (up from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Stephens started coverage on shares of EOG Resources in a research note on Tuesday, June 17th. They issued an “equal weight” rating and a $137.00 target price for the company. Citigroup lowered their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Bank of America lowered their target price on shares of EOG Resources from $125.00 to $124.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Finally, Mizuho lowered their target price on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $139.00.

EOG Resources Stock Up 1.1%

NYSE:EOG opened at $123.08 on Friday. The company’s 50-day simple moving average is $116.79 and its 200-day simple moving average is $121.34. The stock has a market capitalization of $67.17 billion, a P/E ratio of 11.42, a P/E/G ratio of 9.82 and a beta of 0.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. EOG Resources has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.92 billion. During the same period last year, the business earned $2.82 EPS. The company’s revenue was down 7.4% compared to the same quarter last year.

Institutional Investors Weigh In On EOG Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in EOG Resources by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock worth $6,922,633,000 after purchasing an additional 348,895 shares during the last quarter. Capital World Investors boosted its stake in EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock worth $5,628,497,000 after purchasing an additional 2,270,013 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after purchasing an additional 1,188,552 shares during the last quarter. Geode Capital Management LLC boosted its stake in EOG Resources by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock worth $1,541,282,000 after purchasing an additional 234,067 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in EOG Resources by 6.3% during the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock worth $779,433,000 after purchasing an additional 358,916 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business’s stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares of the company’s stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, October 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. EOG Resources’s payout ratio is presently 36.18%.

EOG Resources Company Profile

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.