Q3 EPS Estimates for EOG Resources Boosted by Zacks Research

EOG Resources, Inc. (NYSE:EOG) – Investment analysts at Zacks Research upped their Q3 2027 EPS estimates for EOG Resources in a research report issued to clients and investors on Monday, September 29th. Zacks Research analyst Team now forecasts that the energy exploration company will earn $3.26 per share for the quarter, up from their previous forecast of $3.24. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share.

A number of other research analysts have also issued reports on the stock. Scotiabank restated a “sector perform” rating and issued a $130.00 target price on shares of EOG Resources in a report on Friday, September 26th. Roth Capital downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $140.00 to $134.00 in a research note on Wednesday, July 9th. Stephens initiated coverage on shares of EOG Resources in a research note on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price objective on the stock. Royal Bank Of Canada reduced their price target on EOG Resources from $145.00 to $140.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 8th. Finally, Argus lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $143.14.

EOG Resources Stock Down 0.8%

Shares of NYSE:EOG opened at $110.40 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources has a 52-week low of $102.52 and a 52-week high of $138.18. The stock’s fifty day simple moving average is $118.62 and its 200-day simple moving average is $117.35. The company has a market capitalization of $60.28 billion, a P/E ratio of 10.73, a P/E/G ratio of 8.54 and a beta of 0.74.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same quarter in the prior year, the company earned $3.16 EPS. EOG Resources’s revenue was down 9.1% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Banque Cantonale Vaudoise purchased a new position in shares of EOG Resources in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd raised its position in EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. Saudi Central Bank purchased a new position in EOG Resources in the first quarter valued at about $28,000. Raleigh Capital Management Inc. purchased a new position in EOG Resources in the second quarter valued at about $29,000. Finally, Alpine Bank Wealth Management purchased a new position in EOG Resources in the first quarter valued at about $34,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

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.