Zacks Research Forecasts Stronger Earnings for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Stock analysts at Zacks Research lifted their Q4 2027 earnings per share estimates for shares of EOG Resources in a research report issued to clients and investors on Thursday, June 4th. Zacks Research analyst Team now expects that the energy exploration company will post earnings of $3.20 per share for the quarter, up from their previous estimate of $3.10. Zacks Research has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $15.67 per share. Zacks Research also issued estimates for EOG Resources’ Q1 2028 earnings at $3.24 EPS and FY2028 earnings at $13.03 EPS.

A number of other equities analysts have also issued reports on EOG. BMO Capital Markets upped their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. UBS Group increased their price objective on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Royal Bank Of Canada boosted their target price on EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Jefferies Financial Group raised their price target on EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a report on Monday, April 13th. Finally, Susquehanna boosted their price objective on EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.32.

EOG Resources Stock Down 0.5%

Shares of NYSE:EOG opened at $140.79 on Friday. EOG Resources has a 12 month low of $101.59 and a 12 month high of $151.87. The company’s 50-day moving average price is $137.97 and its two-hundred day moving average price is $122.71. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The firm has a market cap of $74.99 billion, a P/E ratio of 13.86 and a beta of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the business posted $2.87 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. Acumen Wealth Advisors LLC bought a new position in EOG Resources during the fourth quarter worth about $25,000. SJS Investment Consulting Inc. lifted its holdings in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 124 shares in the last quarter. Prosperity Bancshares Inc bought a new position in EOG Resources during the fourth quarter worth about $26,000. Nemes Rush Group LLC bought a new position in EOG Resources during the fourth quarter worth about $30,000. Finally, Financial Life Planners bought a new position in EOG Resources during the first quarter worth about $30,000. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,456 shares of company stock worth $1,788,033 over the last 90 days. 0.14% of the stock is owned by corporate insiders.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.