Brokers Issue Forecasts for EOG Resources, Inc.’s FY2025 Earnings (NYSE:EOG)

EOG Resources, Inc. (NYSE:EOG – Get Rating) – Stock analysts at Zacks Research issued their FY2025 EPS estimates for EOG Resources in a research report issued to clients and investors on Thursday, March 9th. Zacks Research analyst U. Dutta expects that the energy exploration company will earn $10.37 per share for the year. The consensus estimate for EOG Resources’ current full-year earnings is $12.74 per share.

Other equities research analysts also recently issued reports about the stock. TD Securities dropped their price objective on shares of EOG Resources from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, March 8th. Roth Capital reiterated a “buy” rating on shares of EOG Resources in a report on Friday, February 24th. Wells Fargo & Company reduced their target price on shares of EOG Resources from $167.00 to $158.00 and set an “overweight” rating for the company in a report on Wednesday, March 8th. Truist Financial lowered their target price on EOG Resources from $152.00 to $146.00 in a research report on Thursday, December 15th. Finally, Mizuho reduced their target price on EOG Resources from $160.00 to $150.00 in a research note on Friday. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.18.

EOG Resources Stock Performance

NYSE:EOG opened at $112.18 on Monday. The firm has a market capitalization of $65.93 billion, a P/E ratio of 8.49, a P/E/G ratio of 0.31 and a beta of 1.52. The company has a fifty day moving average of $125.55 and a 200-day moving average of $127.77. The company has a quick ratio of 1.71, a current ratio of 1.90 and a debt-to-equity ratio of 0.15. EOG Resources has a twelve month low of $92.16 and a twelve month high of $150.88.

EOG Resources (NYSE:EOG – Get Rating) last posted its earnings results on Friday, February 24th. The energy exploration company reported $3.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). EOG Resources had a return on equity of 34.95% and a net margin of 30.19%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the prior year, the business posted $3.09 EPS. The business’s quarterly revenue was up 11.2% compared to the same quarter last year.

Hedge Funds Weigh In On EOG Resources

A number of hedge funds have recently bought and sold shares of EOG. Cetera Investment Advisers boosted its stake in shares of EOG Resources by 16.0% during the first quarter. Cetera Investment Advisers now owns 16,031 shares of the energy exploration company’s stock valued at $1,911,000 after purchasing an additional 2,213 shares during the period. Moors & Cabot Inc. purchased a new position in EOG Resources in the 1st quarter worth approximately $404,000. Sequoia Financial Advisors LLC purchased a new position in EOG Resources in the 1st quarter worth approximately $278,000. Zions Bancorporation N.A. raised its holdings in shares of EOG Resources by 237.7% during the 1st quarter. Zions Bancorporation N.A. now owns 1,155 shares of the energy exploration company’s stock worth $138,000 after acquiring an additional 813 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of EOG Resources by 23.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 662 shares of the energy exploration company’s stock worth $79,000 after acquiring an additional 127 shares in the last quarter. 87.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EOG Resources news, Director Michael T. Kerr acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The stock was acquired at an average price of $130.49 per share, for a total transaction of $2,609,800.00. Following the acquisition, the director now directly owns 170,000 shares in the company, valued at $22,183,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Thursday, April 13th. This represents a $3.30 annualized dividend and a dividend yield of 2.94%. EOG Resources’s dividend payout ratio (DPR) is presently 24.98%.

EOG Resources Company Profile

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EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.