Zacks Research Expects Reduced Earnings for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Investment analysts at Zacks Research decreased their Q4 2024 earnings per share estimates for EOG Resources in a research report issued on Monday, December 9th. Zacks Research analyst R. Department now expects that the energy exploration company will post earnings per share of $2.39 for the quarter, down from their prior estimate of $2.40. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. Zacks Research also issued estimates for EOG Resources’ Q1 2025 earnings at $2.52 EPS, Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $2.72 EPS, Q4 2025 earnings at $2.80 EPS, FY2025 earnings at $10.57 EPS, Q1 2026 earnings at $2.43 EPS, Q2 2026 earnings at $2.73 EPS and FY2026 earnings at $11.03 EPS.

Several other research analysts have also recently issued reports on EOG. Royal Bank of Canada reiterated a “sector perform” rating and issued a $145.00 price objective on shares of EOG Resources in a report on Monday, October 14th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Morgan Stanley dropped their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company boosted their price target on shares of EOG Resources from $135.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Fifteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $144.20.

EOG Resources Stock Performance

Shares of EOG opened at $126.62 on Wednesday. The firm has a market capitalization of $71.21 billion, a PE ratio of 10.19, a P/E/G ratio of 3.40 and a beta of 1.29. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $129.46 and a 200 day moving average price of $126.34. EOG Resources has a 52-week low of $108.94 and a 52-week high of $139.67.

EOG Resources announced that its board has approved a stock buyback program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.08%. EOG Resources’s payout ratio is currently 29.31%.

Insider Activity at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On EOG Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC boosted its position in EOG Resources by 10.0% during the second quarter. Sequoia Financial Advisors LLC now owns 7,352 shares of the energy exploration company’s stock valued at $925,000 after purchasing an additional 670 shares during the last quarter. Diversified Trust Co grew its stake in shares of EOG Resources by 68.7% in the 2nd quarter. Diversified Trust Co now owns 5,978 shares of the energy exploration company’s stock valued at $752,000 after buying an additional 2,434 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in EOG Resources by 86.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 211,702 shares of the energy exploration company’s stock worth $26,647,000 after buying an additional 97,945 shares during the last quarter. V Square Quantitative Management LLC raised its position in EOG Resources by 20.4% during the second quarter. V Square Quantitative Management LLC now owns 1,921 shares of the energy exploration company’s stock valued at $242,000 after acquiring an additional 325 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new position in EOG Resources during the second quarter valued at approximately $685,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

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.