Q2 EPS Estimates for EOG Resources Lifted by Zacks Research

EOG Resources, Inc. (NYSE:EOG) – Analysts at Zacks Research lifted their Q2 2026 earnings estimates for shares of EOG Resources in a research note issued on Thursday, July 23rd. Zacks Research analyst Team now forecasts that the energy exploration company will post earnings per share of $4.80 for the quarter, up from their prior forecast of $4.67. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $16.19 per share. Zacks Research also issued estimates for EOG Resources’ Q4 2026 earnings at $3.50 EPS, Q1 2027 earnings at $3.47 EPS, Q3 2027 earnings at $3.03 EPS, FY2027 earnings at $13.05 EPS and Q2 2028 earnings at $3.49 EPS.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the previous year, the firm earned $2.87 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis.

A number of other equities research analysts have also recently weighed in on EOG. JPMorgan Chase & Co. lowered their price target on EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Truist Financial reduced their price objective on EOG Resources from $149.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, July 1st. Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Sanford C. Bernstein lowered their target price on EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Finally, DA Davidson lifted their price target on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.32.

EOG Resources Price Performance

EOG stock opened at $146.62 on Friday. The firm has a 50 day moving average of $136.76 and a 200-day moving average of $129.90. EOG Resources has a 12-month low of $101.59 and a 12-month high of $151.87. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The company has a market cap of $78.09 billion, a price-to-earnings ratio of 14.43 and a beta of 0.25.

Institutional Trading of EOG Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC purchased a new stake in shares of EOG Resources during the second quarter worth about $258,000. Quantbot Technologies LP acquired a new stake in EOG Resources during the second quarter worth approximately $349,000. Gamco Investors INC. ET AL boosted its position in EOG Resources by 216.1% during the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after acquiring an additional 4,485 shares during the last quarter. NewEdge Advisors LLC grew its stake in EOG Resources by 2.0% in the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after acquiring an additional 444 shares during the period. Finally, Sei Investments Co. grew its stake in EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after acquiring an additional 15,250 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is 40.16%.

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.