FY2025 EPS Estimates for EOG Resources Lowered by Analyst

EOG Resources, Inc. (NYSE:EOG) – Investment analysts at Scotiabank reduced their FY2025 earnings estimates for shares of EOG Resources in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the energy exploration company will post earnings of $10.80 per share for the year, down from their previous estimate of $11.95. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. Scotiabank also issued estimates for EOG Resources’ FY2026 earnings at $11.65 EPS.

EOG has been the subject of a number of other reports. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. decreased their target price on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Morgan Stanley dropped their target price on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Finally, Wells Fargo & Company reduced their target price on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Twelve investment 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.33.

EOG Resources Stock Up 2.5 %

Shares of EOG opened at $128.35 on Monday. The company’s 50-day moving average price is $128.99 and its 200 day moving average price is $127.55. EOG Resources has a 12-month low of $115.78 and a 12-month high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a market cap of $71.10 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is currently 34.73%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of EOG Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in EOG. Financial Life Planners acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd grew its position in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in EOG Resources in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources during the 4th quarter worth $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources in the 4th quarter worth $27,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

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.