KeyCorp Brokers Reduce Earnings Estimates for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Investment analysts at KeyCorp reduced their Q1 2025 EPS estimates for shares of EOG Resources in a note issued to investors on Sunday, April 20th. KeyCorp analyst T. Rezvan now expects that the energy exploration company will post earnings of $2.58 per share for the quarter, down from their previous estimate of $2.79. KeyCorp has a “Overweight” rating and a $140.00 price objective on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. KeyCorp also issued estimates for EOG Resources’ Q1 2026 earnings at $2.60 EPS, Q2 2026 earnings at $2.46 EPS, Q3 2026 earnings at $2.55 EPS, Q4 2026 earnings at $2.72 EPS and FY2026 earnings at $10.33 EPS.

EOG has been the topic of several other research reports. Scotiabank upgraded shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and dropped their price objective for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Citigroup dropped their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Barclays reduced their price objective on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. Piper Sandler dropped their target price on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, Bank of America reaffirmed a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.71.

EOG Resources Price Performance

NYSE EOG opened at $109.15 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market capitalization of $60.20 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The company has a 50 day simple moving average of $121.90 and a 200-day simple moving average of $126.24. EOG Resources has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating 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 firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.57%. EOG Resources’s payout ratio is 34.73%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by company insiders.

Institutional Trading of EOG Resources

Institutional investors have recently modified their holdings of the company. Capital World Investors boosted its stake in EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock worth $5,628,497,000 after buying an additional 2,270,013 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock worth $2,230,014,000 after acquiring an additional 781,282 shares during the period. Geode Capital Management LLC boosted its position in shares of EOG Resources by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock valued at $1,541,282,000 after acquiring an additional 234,067 shares in the last quarter. Northern Trust Corp increased its stake in EOG Resources by 2.9% in the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company’s stock valued at $701,036,000 after acquiring an additional 159,216 shares during the period. Finally, Alliancebernstein L.P. raised its position in EOG Resources by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock worth $696,990,000 after purchasing an additional 365,115 shares in the last quarter. Institutional investors and hedge funds 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.