Q4 2024 Earnings Estimate for EOG Resources, Inc. Issued By Roth Capital (NYSE:EOG)

EOG Resources, Inc. (NYSE:EOG) – Research analysts at Roth Capital decreased their Q4 2024 EPS estimates for shares of EOG Resources in a research note issued on Thursday, May 2nd. Roth Capital analyst L. Mariani now expects that the energy exploration company will post earnings per share of $3.43 for the quarter, down from their previous forecast of $3.48. The consensus estimate for EOG Resources’ current full-year earnings is $12.14 per share. Roth Capital also issued estimates for EOG Resources’ Q1 2025 earnings at $3.33 EPS, Q2 2025 earnings at $3.20 EPS, Q3 2025 earnings at $3.40 EPS, Q4 2025 earnings at $3.75 EPS and FY2025 earnings at $13.68 EPS.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter last year, the firm posted $2.69 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year.

A number of other equities analysts also recently issued reports on the company. Susquehanna lifted their price target on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Mizuho lifted their target price on EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Piper Sandler increased their price target on EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. TD Cowen lifted their price objective on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Finally, Scotiabank lowered shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their target price for the stock from $135.00 to $155.00 in a research note on Thursday, April 11th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $142.27.

EOG Resources Stock Up 0.4 %

Shares of NYSE EOG opened at $130.48 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. EOG Resources has a 1 year low of $106.32 and a 1 year high of $139.67. The stock has a market capitalization of $74.99 billion, a P/E ratio of 10.31 and a beta of 1.38. The company has a 50-day moving average price of $127.84 and a 200-day moving average price of $122.35.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Institutional Investors Weigh In On EOG Resources

A number of hedge funds have recently bought and sold shares of EOG. Envestnet Portfolio Solutions Inc. bought a new position in EOG Resources in the third quarter worth about $4,431,000. TIAA Trust National Association raised its stake in shares of EOG Resources by 639.3% during the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after acquiring an additional 49,840 shares in the last quarter. AIA Group Ltd boosted its stake in EOG Resources by 128.0% in the fourth quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock valued at $1,234,000 after acquiring an additional 5,728 shares in the last quarter. L. Roy Papp & Associates LLP grew its holdings in EOG Resources by 18.3% in the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after purchasing an additional 26,026 shares during the last quarter. Finally, Yacktman Asset Management LP increased its position in shares of EOG Resources by 4.8% during the fourth quarter. Yacktman Asset Management LP now owns 1,789,433 shares of the energy exploration company’s stock worth $216,432,000 after purchasing an additional 82,302 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

About EOG Resources

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.