Zacks Research Predicts Increased Earnings for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Analysts at Zacks Research boosted their Q1 2026 earnings estimates for EOG Resources in a report issued on Thursday, March 12th. Zacks Research analyst Team now expects that the energy exploration company will earn $2.55 per share for the quarter, up from their prior forecast of $2.06. Zacks Research has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. Zacks Research also issued estimates for EOG Resources’ Q2 2026 earnings at $2.58 EPS, Q3 2026 earnings at $2.51 EPS, Q4 2026 earnings at $2.16 EPS, FY2026 earnings at $9.79 EPS, Q1 2027 earnings at $2.27 EPS, Q3 2027 earnings at $2.39 EPS and Q4 2027 earnings at $2.38 EPS.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.74 EPS.

EOG has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on EOG Resources from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 target price (up from $126.00) on shares of EOG Resources in a research report on Tuesday, January 27th. Piper Sandler boosted their price target on EOG Resources from $127.00 to $144.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group upped their price target on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Scotiabank set a $123.00 price objective on shares of EOG Resources and gave the stock a “sector perform” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $136.42.

EOG Resources Stock Performance

EOG stock opened at $133.75 on Monday. The company has a market cap of $71.76 billion, a P/E ratio of 14.68 and a beta of 0.44. EOG Resources has a 1 year low of $101.59 and a 1 year high of $136.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The stock’s fifty day moving average price is $116.41 and its 200-day moving average price is $112.46.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Cullen Capital Management LLC lifted 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 valued at $68,952,000 after acquiring an additional 25,753 shares in the last quarter. Rockland Trust Co. boosted its stake in shares of EOG Resources by 5.1% in the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after acquiring an additional 11,965 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of EOG Resources by 21.0% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after purchasing an additional 11,442 shares in the last quarter. AlphaQuest LLC raised its stake in EOG Resources by 1,413.5% during the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock valued at $2,863,000 after purchasing an additional 23,846 shares during the period. Finally, Railway Pension Investments Ltd raised its stake in EOG Resources by 6.9% during the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after purchasing an additional 28,800 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 7,774 shares of company stock worth $945,895 in the last quarter. 0.13% of the stock is currently owned by insiders.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources’s payout ratio is 44.79%.

EOG Resources News Roundup

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

• Positive Sentiment: Macro: Rising oil prices amid renewed Middle East tensions are lifting sentiment across integrated and exploration names, creating a favorable commodity backdrop for EOG’s revenue and cash‑flow outlook. Oil Price Back to the Glory Days: Will XOM, EOG & COP Gain?
• Positive Sentiment: Company fundamentals: EOG reported better‑than‑expected Q4 results with production of ~1.40 mboe/d and benefit from higher natural gas prices — a direct driver of near‑term cash flow and the recent analyst bullishness. EOG Surpasses Profit Projections with Solid Output and Rising Gas Prices
• Positive Sentiment: Analyst action: Piper Sandler raised its price target on EOG to $144 (still a “neutral” rating), implying roughly mid‑single‑digit to low‑double‑digit upside versus recent levels and signaling confidence in the medium‑term outlook. Piper Sandler raises price target
• Neutral Sentiment: Mixed analyst revisions: Zacks has both raised several later‑cycle estimates (FY2028 / Q3 2027) and revised some quarterly forecasts upward — a signal that longer‑term earnings power remains intact but timing of recovery is uncertain. Investors should treat these as model updates rather than a change in the company’s competitive position. MarketBeat EOG overview
• Negative Sentiment: Near‑term downward revisions: Zacks recently cut several near‑term EPS forecasts and trimmed FY2026 estimates materially (e.g., to ~$7.56 from prior levels), and maintains a “Hold” stance — this raises the risk of earnings disappointment or lower near‑term guidance that could cap multiple expansion. Q3 EPS Estimates Lowered by Zacks Research

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.