KeyCorp Issues Negative Forecast for EOG Resources Earnings

EOG Resources, Inc. (NYSE:EOG) – Stock analysts at KeyCorp cut their Q1 2027 earnings per share estimates for EOG Resources in a research report issued to clients and investors on Thursday, January 15th. KeyCorp analyst T. Rezvan now anticipates that the energy exploration company will post earnings per share of $3.18 for the quarter, down from their previous estimate of $3.25. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. KeyCorp also issued estimates for EOG Resources’ Q2 2027 earnings at $3.14 EPS, Q3 2027 earnings at $3.28 EPS, Q4 2027 earnings at $3.53 EPS and FY2027 earnings at $13.13 EPS.

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

Several other research firms have also recently weighed in on EOG. Siebert Williams Shank cut their target price on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, October 13th. BMO Capital Markets dropped their price objective on shares of EOG Resources from $126.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $126.00 target price (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a research report on Wednesday, October 8th. Finally, Barclays set a $136.00 price target on EOG Resources and gave the company an “equal weight” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat, EOG Resources has an average rating of “Hold” and an average price target of $137.00.

EOG Resources Trading Down 2.5%

EOG Resources stock opened at $105.33 on Monday. EOG Resources has a 1 year low of $101.59 and a 1 year high of $137.86. The firm’s 50 day moving average price is $106.88 and its 200-day moving average price is $112.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The stock has a market cap of $57.15 billion, a P/E ratio of 10.49, a PEG ratio of 8.32 and a beta of 0.49.

Institutional Trading of EOG Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cullen Capital Management LLC raised its position in shares of EOG Resources by 4.7% in the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after acquiring an additional 25,753 shares during the period. Kiker Wealth Management LLC purchased a new position in shares of EOG Resources in the 2nd quarter valued at about $627,000. Railway Pension Investments Ltd raised its holdings in EOG Resources by 6.9% in the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after purchasing an additional 28,800 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in EOG Resources by 9.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after purchasing an additional 5,156 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in EOG Resources by 11.1% in the third quarter. Nisa Investment Advisors LLC now owns 172,617 shares of the energy exploration company’s stock valued at $19,354,000 after purchasing an additional 17,195 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’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 completion of the sale, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. This trade represents a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

EOG Resources Dividend Announcement

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

EOG Resources News Roundup

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.

EOG Resources Company Profile

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.