Equities analysts expect EOG Resources Inc (NYSE:EOG) to report sales of $3.79 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for EOG Resources’ earnings, with estimates ranging from $3.58 billion to $3.92 billion. EOG Resources posted sales of $2.61 billion during the same quarter last year, which suggests a positive year over year growth rate of 45.2%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, August 2nd.
On average, analysts expect that EOG Resources will report full year sales of $15.86 billion for the current year, with estimates ranging from $15.04 billion to $16.40 billion. For the next year, analysts expect that the company will post sales of $18.19 billion per share, with estimates ranging from $17.21 billion to $19.26 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover EOG Resources.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 3rd. The energy exploration company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.39. EOG Resources had a return on equity of 8.19% and a net margin of 26.00%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The business’s revenue was up 41.0% on a year-over-year basis.
In other news, SVP Ann D. Janssen sold 4,816 shares of the firm’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $117.97, for a total value of $568,143.52. Following the transaction, the senior vice president now directly owns 56,476 shares in the company, valued at approximately $6,662,473.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Gary L. Thomas sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $125.36, for a total value of $6,268,000.00. Following the completion of the transaction, the president now owns 988,947 shares in the company, valued at $123,974,395.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 123,339 shares of company stock valued at $15,032,666. 0.51% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Swedbank bought a new position in EOG Resources in the 1st quarter worth $127,489,000. Element Capital Management LLC bought a new position in EOG Resources in the 4th quarter worth $81,570,000. Two Sigma Advisers LP raised its holdings in EOG Resources by 452.2% in the 4th quarter. Two Sigma Advisers LP now owns 766,761 shares of the energy exploration company’s stock worth $82,741,000 after purchasing an additional 627,904 shares during the period. Discovery Capital Management LLC CT raised its holdings in EOG Resources by 279.8% in the 4th quarter. Discovery Capital Management LLC CT now owns 778,500 shares of the energy exploration company’s stock worth $84,008,000 after purchasing an additional 573,500 shares during the period. Finally, Levin Capital Strategies L.P. bought a new position in EOG Resources in the 1st quarter worth $58,284,000. Hedge funds and other institutional investors own 85.33% of the company’s stock.
Shares of NYSE:EOG traded up $2.85 during midday trading on Friday, reaching $119.68. 2,470,100 shares of the company traded hands, compared to its average volume of 3,611,427. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.26. EOG Resources has a 12 month low of $81.99 and a 12 month high of $128.03. The firm has a market cap of $68.60 billion, a price-to-earnings ratio of 106.86, a PEG ratio of 3.02 and a beta of 1.03.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Saturday, July 7th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Monday, July 16th. EOG Resources’s dividend payout ratio is currently 66.07%.
EOG Resources Company Profile
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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