Zacks Research Forecasts Weaker Earnings for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Equities researchers at Zacks Research cut their Q2 2027 earnings estimates for EOG Resources in a report released on Thursday, March 12th. Zacks Research analyst Team now expects that the energy exploration company will earn $2.15 per share for the quarter, down from their previous forecast of $2.18. 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’ FY2028 earnings at $10.95 EPS.

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

A number of other equities analysts have also recently commented on the company. Royal Bank Of Canada set a $138.00 price target on EOG Resources and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Roth Mkm restated a “neutral” rating and issued a $110.00 target price on shares of EOG Resources in a report on Wednesday, February 25th. Wolfe Research lifted their target price on shares of EOG Resources from $140.00 to $152.00 in a research note on Monday, March 9th. Finally, Morgan Stanley set a $128.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average target price of $136.42.

EOG Resources Trading Up 0.5%

Shares of EOG stock opened at $133.75 on Friday. The stock has a market capitalization of $71.76 billion, a PE 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 business has a 50-day moving average of $116.41 and a 200 day moving average of $112.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given 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 is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is currently 44.79%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief operating officer owned 61,481 shares in the company, valued at $7,685,125. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 7,774 shares of company stock worth $945,895 over the last 90 days. 0.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EOG Resources

Several institutional investors and hedge funds have recently modified their holdings of EOG. Capital World Investors increased its position in shares of EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after buying an additional 782,426 shares during the period. Vanguard Group Inc. grew its holdings in shares of EOG Resources by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after acquiring an additional 446,341 shares during the period. State Street Corp grew its holdings in shares of EOG Resources by 0.3% during the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after acquiring an additional 100,080 shares during the period. Capital Research Global Investors raised its position in shares of EOG Resources by 0.5% in the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after acquiring an additional 122,486 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of EOG Resources by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after purchasing an additional 371,548 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting EOG Resources

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

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.