EOG Resources, Inc. (NYSE:EOG - Free Report) - Investment analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for EOG Resources in a research report issued on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the energy exploration company will post earnings per share of $11.27 for the year, down from their prior forecast of $11.80. The consensus estimate for EOG Resources' current full-year earnings is $11.50 per share. Zacks Research also issued estimates for EOG Resources' Q1 2025 earnings at $2.56 EPS, Q2 2025 earnings at $2.58 EPS, Q3 2025 earnings at $2.80 EPS, Q4 2025 earnings at $2.90 EPS, Q1 2026 earnings at $2.49 EPS and Q3 2026 earnings at $2.89 EPS.
A number of other equities analysts have also weighed in on EOG. Raymond James boosted their price objective on shares of EOG Resources from $156.00 to $167.00 and gave the company a "strong-buy" rating in a research report on Thursday. Evercore ISI cut their price target on EOG Resources from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Monday, September 30th. Royal Bank of Canada reissued a "sector perform" rating and set a $145.00 price target on shares of EOG Resources in a research note on Monday, October 14th. Piper Sandler downgraded EOG Resources from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $147.00 to $149.00 in a research report on Monday, November 18th. Finally, KeyCorp dropped their target price on EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Fifteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $144.00.
Read Our Latest Analysis on EOG Resources
NYSE:EOG opened at $136.35 on Monday. EOG Resources has a 12-month low of $108.94 and a 12-month high of $139.67. The firm has a market cap of $76.69 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 3.59 and a beta of 1.28. The company's 50-day moving average is $127.95 and its two-hundred day moving average is $126.15. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.
A number of institutional investors have recently added to or reduced their stakes in EOG. Gamco Investors INC. ET AL boosted its stake in shares of EOG Resources by 23.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,100 shares of the energy exploration company's stock valued at $268,000 after buying an additional 400 shares during the last quarter. Janus Henderson Group PLC grew its holdings in EOG Resources by 8.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,045,105 shares of the energy exploration company's stock worth $133,606,000 after acquiring an additional 78,619 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of EOG Resources in the 1st quarter worth about $312,000. Ancora Advisors LLC increased its position in shares of EOG Resources by 1.9% in the 1st quarter. Ancora Advisors LLC now owns 358,236 shares of the energy exploration company's stock worth $45,797,000 after purchasing an additional 6,723 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of EOG Resources by 32.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 14,763 shares of the energy exploration company's stock valued at $1,871,000 after purchasing an additional 3,613 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.
In other news, Director Janet F. Clark sold 568 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 2.86%. EOG Resources's dividend payout ratio (DPR) is 29.31%.
EOG Resources announced that its board has initiated a stock buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider EOG Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EOG Resources wasn't on the list.
While EOG Resources currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.