Zacks Research Lowers Earnings Estimates for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Stock analysts at Zacks Research decreased their Q3 2026 earnings estimates for EOG Resources in a research report issued to clients and investors on Tuesday, March 10th. Zacks Research analyst Team now anticipates that the energy exploration company will post earnings per share of $2.03 for the quarter, down from their previous estimate of $2.11. Zacks Research currently 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 2027 earnings at $2.18 EPS, FY2027 earnings at $9.19 EPS and FY2028 earnings at $10.88 EPS.

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

EOG has been the subject of several other research reports. Barclays decreased their price target on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Susquehanna cut their price objective on EOG Resources from $151.00 to $144.00 and set a “positive” rating on the stock in a research note on Thursday, February 26th. Johnson Rice reduced their target price on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, December 5th. Citigroup reissued a “neutral” rating and set a $115.00 target price (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Finally, Jefferies Financial Group raised their price target on shares of EOG Resources from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $135.77.

EOG Resources Stock Up 3.7%

Shares of NYSE:EOG opened at $132.57 on Wednesday. The firm has a market cap of $71.12 billion, a P/E ratio of 14.55 and a beta of 0.44. EOG Resources has a 12-month low of $101.59 and a 12-month high of $134.36. The business has a fifty day simple moving average of $115.32 and a 200 day simple moving average of $112.36. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief operating officer directly owned 61,481 shares in the company, valued at $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 7,774 shares of company stock valued at $945,895 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On EOG Resources

Several large investors have recently added to or reduced their stakes in EOG. Acumen Wealth Advisors LLC bought a new stake in EOG Resources during the fourth quarter worth $25,000. Prosperity Bancshares Inc bought a new position in EOG Resources during the 4th quarter valued at $26,000. Nemes Rush Group LLC bought a new position in EOG Resources during the 4th quarter valued at $30,000. Gen Wealth Partners Inc purchased a new position in EOG Resources during the 4th quarter worth $30,000. Finally, JCIC Asset Management Inc. bought a new stake in shares of EOG Resources in the 3rd quarter worth $32,000. Institutional investors own 89.91% of the company’s stock.

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.