EOG Resources (EOG) Set to Announce Earnings on Thursday

EOG Resources (NYSE:EOG) will issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $2.68 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.30 earnings per share. On average, analysts expect EOG Resources to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

EOG Resources Stock Performance

Shares of EOG opened at $135.60 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The stock has a market capitalization of $78.00 billion, a P/E ratio of 10.42 and a beta of 1.40. The company’s fifty day moving average is $124.83 and its two-hundred day moving average is $122.36. EOG Resources has a 1 year low of $106.32 and a 1 year high of $139.67.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a yield of 2.68%. EOG Resources’s dividend payout ratio is currently 27.98%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday. JPMorgan Chase & Co. upped their price target on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Susquehanna upped their price target on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research note on Monday. Finally, Truist Financial lowered their price target on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.19.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.