Equities analysts expect EOG Resources Inc (NYSE:EOG) to report $1.32 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for EOG Resources’ earnings. The highest EPS estimate is $1.75 and the lowest is $1.16. EOG Resources reported earnings of $1.75 per share in the same quarter last year, which indicates a negative year over year growth rate of 24.6%. The firm is expected to announce its next earnings report on Thursday, November 7th.
On average, analysts expect that EOG Resources will report full year earnings of $5.24 per share for the current financial year, with EPS estimates ranging from $4.65 to $6.13. For the next year, analysts expect that the company will report earnings of $6.31 per share, with EPS estimates ranging from $4.34 to $14.11. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover EOG Resources.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.02). EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The company had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. EOG Resources’s revenue was up 10.8% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in the business. Cresset Asset Management LLC increased its stake in EOG Resources by 6.4% during the 2nd quarter. Cresset Asset Management LLC now owns 5,368 shares of the energy exploration company’s stock valued at $500,000 after buying an additional 321 shares during the period. Barings LLC increased its stake in EOG Resources by 17.9% during the 2nd quarter. Barings LLC now owns 130,517 shares of the energy exploration company’s stock valued at $12,158,000 after buying an additional 19,828 shares during the period. Taurus Asset Management LLC boosted its position in shares of EOG Resources by 23.9% during the 2nd quarter. Taurus Asset Management LLC now owns 224,692 shares of the energy exploration company’s stock valued at $20,932,000 after purchasing an additional 43,280 shares in the last quarter. Cypress Capital Group boosted its position in shares of EOG Resources by 15.9% during the 2nd quarter. Cypress Capital Group now owns 6,410 shares of the energy exploration company’s stock valued at $597,000 after purchasing an additional 877 shares in the last quarter. Finally, HM Payson & Co. bought a new position in shares of EOG Resources during the 2nd quarter valued at about $313,000. 87.31% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:EOG traded down $0.84 during midday trading on Thursday, hitting $76.97. 37,793 shares of the company were exchanged, compared to its average volume of 4,309,869. The company has a fifty day simple moving average of $84.24 and a 200 day simple moving average of $91.27. EOG Resources has a fifty-two week low of $73.95 and a fifty-two week high of $133.53. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $44.45 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.67 and a beta of 1.31.
About EOG Resources
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 People's Republic of China, and Canada.
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