Q3 EPS Estimates for EOG Resources Reduced by Zacks Research

EOG Resources, Inc. (NYSE:EOG) – Stock analysts at Zacks Research decreased their Q3 2026 earnings per share estimates for shares of EOG Resources in a research note issued to investors on Monday, April 6th. Zacks Research analyst Team now expects that the energy exploration company will post earnings per share of $2.50 for the quarter, down from their prior forecast of $2.51. 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’ Q4 2026 earnings at $2.15 EPS, FY2026 earnings at $9.78 EPS, Q2 2027 earnings at $2.18 EPS, Q3 2027 earnings at $2.40 EPS, Q4 2027 earnings at $2.40 EPS and FY2027 earnings at $9.27 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 analysts’ consensus estimates of $2.20 by $0.07. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $2.74 EPS.

EOG has been the subject of several other reports. Capital One Financial boosted their price objective on shares of EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a research note on Thursday, March 26th. Stephens raised their price objective on EOG Resources from $139.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Roth Mkm reissued a “neutral” rating and issued a $110.00 price objective on shares of EOG Resources in a research report on Wednesday, February 25th. Jefferies Financial Group raised their price objective on EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. raised their price objective on EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have issued a Hold rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus price target of $148.11.

EOG Resources Price Performance

EOG opened at $139.04 on Wednesday. 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 has a 52-week low of $101.59 and a 52-week high of $151.87. The company has a 50 day moving average of $129.04 and a two-hundred day moving average of $115.23. The company has a market cap of $74.49 billion, a P/E ratio of 15.26, a P/E/G ratio of 3.03 and a beta of 0.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EOG. Franklin Resources Inc. boosted its holdings in EOG Resources by 24.2% in the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock valued at $676,627,000 after purchasing an additional 1,257,110 shares during the last quarter. First Trust Advisors LP increased its stake in shares of EOG Resources by 70.5% in the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after buying an additional 1,231,366 shares during the last quarter. Marshall Wace LLP increased its stake in shares of EOG Resources by 474.7% in the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after buying an additional 1,088,867 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of EOG Resources by 23.9% in the fourth quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock worth $490,394,000 after buying an additional 901,897 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after buying an additional 782,426 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,230 shares of company stock worth $2,522,568 in the last ninety days. 0.13% of the stock is currently owned by insiders.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s payout ratio is 44.79%.

More EOG Resources News

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

• Positive Sentiment: Wells Fargo raised its price target to $199 and kept an “overweight” rating, implying a large upside vs. the current price. Benzinga
• Positive Sentiment: Royal Bank of Canada boosted its target to $175 and maintained an “outperform” rating, signaling continued analyst confidence in EOG’s cash-flow leverage to high oil prices. MarketScreener
• Positive Sentiment: Wolfe Research raised its price target to $154, another upward revision supporting the bullish analyst tone. Wolfe Research Price Target
• Positive Sentiment: KeyCorp materially raised near- and medium-term EPS forecasts (big increases to Q1–Q4 2026/2027 and FY2026–FY2027), which supports higher intrinsic-value estimates for EOG. (Source: analyst note summarized in market feeds)
• Positive Sentiment: Coverage pieces and analyst notes highlight that high oil prices (oil > $110) continue to boost EOG’s free cash flow and outlook — a tailwind for valuations and buybacks/dividends. Zacks: Oil Above $110
• Neutral Sentiment: Zacks Research issued a mix of small adjustments — raising several 2027 quarter and FY estimates while trimming a few 2026 quarter estimates; Zacks still carries a “Hold” stance. This is incremental and mixed for near-term guidance.
• Neutral Sentiment: Comparison/head-to-head articles (Coterra, U.S. Energy) and sector notes provide context but don’t change EOG’s company-specific fundamentals. Head-to-Head
• Negative Sentiment: Rotation into other energy names (e.g., Occidental) that have recently outperformed can divert inflows from EOG; sector rotation and short-term profit-taking after EOG’s strong YTD performance are likely contributors to the intraday decline. Occidental Outperforms
• Negative Sentiment: Some coverage flags risks beneath the rally (e.g., reserve levels, sustainability of 100% free-cash returns), which can prompt cautious positioning among value-focused investors. Zacks: Risks Despite Rally

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.