Wall Street analysts expect EOG Resources Inc (NYSE:EOG) to announce $1.48 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for EOG Resources’ earnings. The lowest EPS estimate is $1.32 and the highest is $1.64. EOG Resources reported earnings of $0.19 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 678.9%. The company is expected to issue its next quarterly earnings report on Thursday, November 1st.
On average, analysts expect that EOG Resources will report full-year earnings of $5.51 per share for the current financial year, with EPS estimates ranging from $5.25 to $6.00. For the next financial year, analysts forecast that the business will post earnings of $6.77 per share, with EPS estimates ranging from $4.71 to $7.84. Zacks’ earnings per share averages are an average based on a survey of analysts that cover EOG Resources.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 2nd. The energy exploration company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. EOG Resources had a return on equity of 12.38% and a net margin of 27.81%. The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter last year, the business earned $0.08 earnings per share. EOG Resources’s revenue was up 62.2% on a year-over-year basis.
In related news, CAO Ann D. Janssen sold 1,258 shares of EOG Resources stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $126.35, for a total value of $158,948.30. Following the transaction, the chief accounting officer now directly owns 53,828 shares of the company’s stock, valued at $6,801,167.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Donald F. Textor sold 1,864 shares of EOG Resources stock in a transaction that occurred on Thursday, June 28th. The stock was sold at an average price of $122.88, for a total value of $229,048.32. Following the completion of the transaction, the director now directly owns 118,263 shares in the company, valued at $14,532,157.44. The disclosure for this sale can be found here. Insiders have sold 119,497 shares of company stock worth $14,590,499 over the last three months. Insiders own 0.51% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Culbertson A N & Co. Inc. boosted its position in EOG Resources by 1.1% in the second quarter. Culbertson A N & Co. Inc. now owns 38,399 shares of the energy exploration company’s stock worth $4,778,000 after purchasing an additional 415 shares during the last quarter. Creative Planning boosted its position in EOG Resources by 1.0% in the second quarter. Creative Planning now owns 42,007 shares of the energy exploration company’s stock worth $5,227,000 after purchasing an additional 417 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in EOG Resources by 1.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,211 shares of the energy exploration company’s stock worth $2,546,000 after purchasing an additional 423 shares during the last quarter. Parkwood LLC boosted its position in EOG Resources by 8.3% in the second quarter. Parkwood LLC now owns 5,747 shares of the energy exploration company’s stock worth $715,000 after purchasing an additional 438 shares during the last quarter. Finally, Security National Trust Co. boosted its position in EOG Resources by 6.3% in the second quarter. Security National Trust Co. now owns 7,689 shares of the energy exploration company’s stock worth $957,000 after purchasing an additional 455 shares during the last quarter. 85.12% of the stock is currently owned by institutional investors.
EOG Resources stock traded up $0.46 during midday trading on Friday, reaching $122.77. The company’s stock had a trading volume of 2,260,312 shares, compared to its average volume of 2,717,998. EOG Resources has a 52 week low of $81.99 and a 52 week high of $131.60. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 0.30. The stock has a market cap of $70.84 billion, a PE ratio of 109.62, a P/E/G ratio of 2.91 and a beta of 0.99.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 66.07%.
About EOG Resources
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 United Kingdom, the People's Republic of China, and Canada.
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