EOG Resources Inc (NYSE:EOG) – Equities research analysts at Oppenheimer reduced their Q2 2019 earnings per share estimates for EOG Resources in a report issued on Tuesday, July 16th. Oppenheimer analyst T. Rezvan now expects that the energy exploration company will post earnings per share of $1.25 for the quarter, down from their previous estimate of $1.30. Oppenheimer currently has a “Outperform” rating and a $108.00 target price on the stock. Oppenheimer also issued estimates for EOG Resources’ Q3 2019 earnings at $1.25 EPS, Q4 2019 earnings at $1.48 EPS, FY2019 earnings at $5.17 EPS, Q1 2020 earnings at $1.65 EPS, Q2 2020 earnings at $1.71 EPS, Q3 2020 earnings at $1.78 EPS, Q4 2020 earnings at $1.88 EPS and FY2020 earnings at $7.01 EPS.
Several other equities analysts also recently issued reports on EOG. ValuEngine downgraded shares of W&T Offshore from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of in a research note on Friday, June 28th. Citigroup increased their price objective on shares of Walt Disney from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Tudor Pickering cut shares of Advantage Oil & Gas from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, SunTrust Banks decreased their price objective on shares of EOG Resources to $120.00 and set a “buy” rating for the company in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $120.54.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.16. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.92 billion. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 earnings per share.
A number of large investors have recently bought and sold shares of EOG. Northern Trust Corp lifted its position in shares of EOG Resources by 0.6% during the first quarter. Northern Trust Corp now owns 7,916,964 shares of the energy exploration company’s stock valued at $753,537,000 after purchasing an additional 49,571 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of EOG Resources by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 6,797,414 shares of the energy exploration company’s stock valued at $591,653,000 after purchasing an additional 486,443 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of EOG Resources by 3.7% during the first quarter. Neuberger Berman Group LLC now owns 6,031,278 shares of the energy exploration company’s stock valued at $574,057,000 after purchasing an additional 213,352 shares in the last quarter. Norges Bank bought a new position in shares of EOG Resources during the fourth quarter valued at about $504,826,000. Finally, American Century Companies Inc. lifted its position in shares of EOG Resources by 7.6% during the fourth quarter. American Century Companies Inc. now owns 4,096,170 shares of the energy exploration company’s stock valued at $357,227,000 after purchasing an additional 290,905 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 1.32%. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, July 16th. EOG Resources’s dividend payout ratio (DPR) is presently 20.76%.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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