EOG Resources Inc. (NYSE:EOG) – Analysts at Credit Agricole SA boosted their FY2016 EPS estimates for EOG Resources in a report released on Wednesday. Credit Agricole SA analyst A. Sen now forecasts that the firm will post earnings of ($1.69) per share for the year, up from their previous estimate of ($1.74). Credit Agricole SA has a “Underperform” rating and a $98.00 price target on the stock. Credit Agricole SA also issued estimates for EOG Resources’ FY2017 earnings at $0.80 EPS and FY2018 earnings at $1.84 EPS.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.10. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the firm posted $0.28 EPS. The business’s quarterly revenue was down 28.1% compared to the same quarter last year.
Several other brokerages have also weighed in on EOG. Bank of America Corp. set a $100.00 target price on EOG Resources and gave the stock a “hold” rating in a research report on Friday, August 5th. Barclays PLC raised their target price on EOG Resources from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, July 14th. Credit Suisse Group AG reissued a “hold” rating and set a $90.00 target price on shares of EOG Resources in a research report on Tuesday, August 9th. Zacks Investment Research raised EOG Resources from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Monday, July 25th. Finally, Deutsche Bank AG raised EOG Resources from a “hold” rating to a “buy” rating and raised their target price for the stock from $83.00 to $96.00 in a research report on Friday, August 5th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $92.22.
EOG Resources (NYSE:EOG) traded down 0.92% during midday trading on Friday, reaching $94.62. The company’s stock had a trading volume of 1,614,821 shares. The stock’s market cap is $52.10 billion. EOG Resources has a 12-month low of $57.15 and a 12-month high of $98.32. The stock’s 50 day moving average is $92.74 and its 200 day moving average is $84.47.
Several large investors have recently modified their holdings of the company. Callahan Advisors LLC bought a new stake in shares of EOG Resources during the third quarter valued at $224,000. National Pension Service increased its position in shares of EOG Resources by 8.8% in the third quarter. National Pension Service now owns 368,757 shares of the energy exploration company’s stock worth $35,662,000 after buying an additional 29,918 shares in the last quarter. Stock Yards Bank & Trust Co. increased its position in shares of EOG Resources by 0.9% in the third quarter. Stock Yards Bank & Trust Co. now owns 113,193 shares of the energy exploration company’s stock worth $10,947,000 after buying an additional 1,015 shares in the last quarter. Private Trust Co. NA increased its position in shares of EOG Resources by 17.2% in the third quarter. Private Trust Co. NA now owns 10,981 shares of the energy exploration company’s stock worth $1,061,000 after buying an additional 1,608 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in shares of EOG Resources during the third quarter worth approximately $29,400,000. 89.44% of the stock is owned by institutional investors.
In other news, VP Ann D. Janssen sold 1,064 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $96.73, for a total value of $102,920.72. Following the completion of the sale, the vice president now owns 56,473 shares of the company’s stock, valued at $5,462,633.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank G. Wisner sold 2,026 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $92.65, for a total value of $187,708.90. Following the completion of the sale, the director now directly owns 113,125 shares of the company’s stock, valued at approximately $10,481,031.25. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 17th will be given a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, October 13th. EOG Resources’s payout ratio is -7.14%.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.