Zacks Research Reduces Earnings Estimates for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Equities researchers at Zacks Research lowered their Q2 2026 earnings per share estimates for shares of EOG Resources in a research report issued on Thursday, January 15th. Zacks Research analyst Team now forecasts that the energy exploration company will post earnings of $2.06 per share for the quarter, down from their prior estimate of $2.10. 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 $2.20 EPS, FY2026 earnings at $8.78 EPS, Q1 2027 earnings at $2.71 EPS and Q2 2027 earnings at $2.43 EPS.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.EOG Resources’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.89 EPS.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $131.00 to $121.00 and set a “neutral” rating for the company in a research report on Monday, December 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $126.00 target price (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. Piper Sandler reduced their price target on EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday. Finally, Wolfe Research dropped their price objective on shares of EOG Resources from $138.00 to $134.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $137.00.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $105.33 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The firm’s 50 day simple moving average is $106.88 and its 200-day simple moving average is $112.78. The firm has a market cap of $57.15 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 8.54 and a beta of 0.49. EOG Resources has a one year low of $101.59 and a one year high of $137.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors grew its position in EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of EOG Resources by 0.5% during the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after purchasing an additional 122,486 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of EOG Resources by 4.2% during the second quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock worth $736,712,000 after purchasing an additional 249,984 shares during the last quarter. Northern Trust Corp increased its stake in shares of EOG Resources by 0.8% in the third quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock valued at $669,911,000 after buying an additional 49,987 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of EOG Resources by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock valued at $669,727,000 after buying an additional 344,291 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. This represents a 3.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by company insiders.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

Key Stories Impacting EOG Resources

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: EOG is highlighted for expanding natural‑gas production and pursuing opportunities to supply power for data centers, a potential structural demand tailwind that could diversify revenue and support longer‑term valuation. EOG Resources: Building Out Natural Gas Production Will Help It Power Data Centers
• Neutral Sentiment: BMO Capital Markets trimmed its price target to $120 from $126 but kept an “outperform” rating — a modestly negative signal on near‑term upside while retaining a constructive view on the name. MarketScreener TickerReport
• Neutral Sentiment: Marketplace coverage notes mixed analyst views on EOG versus peers, signaling divergent expectations across the sell‑side that can keep trading volatile. Analysts Conflicted on These Energy Names
• Neutral Sentiment: Consensus analyst rating recently reported as “Hold,” which reflects mixed expectations and may limit broad bullish momentum until clearer catalysts appear. EOG Receives Consensus Rating of “Hold” from Analysts
• Negative Sentiment: Zacks lowered near‑term and full‑year EPS forecasts across multiple quarters (Q2‑2026, Q3‑2026, FY2026) and trimmed Q1‑ and Q2‑2027 estimates — FY2026 fell to $8.78 from $8.94 and several quarter estimates were reduced. These cuts reduce street earnings expectations and are the primary analyst‑driven pressure on the stock today.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.