Analysts predict that EOG Resources Inc (NYSE:EOG) will report $4.36 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for EOG Resources’ earnings, with the lowest sales estimate coming in at $4.15 billion and the highest estimate coming in at $4.61 billion. EOG Resources reported sales of $4.57 billion in the same quarter last year, which would suggest a negative year over year growth rate of 4.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 25th.
According to Zacks, analysts expect that EOG Resources will report full year sales of $17.32 billion for the current fiscal year, with estimates ranging from $16.96 billion to $17.68 billion. For the next financial year, analysts forecast that the firm will post sales of $18.34 billion, with estimates ranging from $17.40 billion to $19.95 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for EOG Resources.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. EOG Resources had a return on equity of 13.94% and a net margin of 16.96%. The business’s revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the business posted $1.75 EPS.
EOG opened at $73.96 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.08. EOG Resources has a 52-week low of $64.33 and a 52-week high of $107.89. The stock has a market capitalization of $41.07 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36. The stock’s 50 day moving average price is $71.51 and its 200-day moving average price is $79.14.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Resources Management Corp CT ADV purchased a new stake in EOG Resources during the 3rd quarter valued at about $89,000. Princeton Global Asset Management LLC lifted its stake in shares of EOG Resources by 6.6% in the third quarter. Princeton Global Asset Management LLC now owns 25,009 shares of the energy exploration company’s stock worth $1,791,000 after buying an additional 1,552 shares in the last quarter. Keeley Teton Advisors LLC lifted its stake in shares of EOG Resources by 47.5% in the third quarter. Keeley Teton Advisors LLC now owns 12,138 shares of the energy exploration company’s stock worth $901,000 after buying an additional 3,907 shares in the last quarter. Lockheed Martin Investment Management Co. grew its holdings in shares of EOG Resources by 9.6% during the third quarter. Lockheed Martin Investment Management Co. now owns 55,330 shares of the energy exploration company’s stock valued at $4,106,000 after buying an additional 4,830 shares during the last quarter. Finally, Man Group plc grew its holdings in shares of EOG Resources by 207.5% during the third quarter. Man Group plc now owns 516,241 shares of the energy exploration company’s stock valued at $38,315,000 after buying an additional 348,353 shares during the last quarter. 85.85% of the stock is currently owned by hedge funds and other institutional investors.
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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