Q4 EPS Estimates for EOG Resources Lowered by Zacks Research

EOG Resources, Inc. (NYSE:EOG) – Equities researchers at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for EOG Resources in a note issued to investors on Monday, December 9th. Zacks Research analyst R. Department now anticipates that the energy exploration company will earn $2.39 per share for the quarter, down from their previous estimate of $2.40. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. Zacks Research also issued estimates for EOG Resources’ Q1 2025 earnings at $2.52 EPS, Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $2.72 EPS, Q4 2025 earnings at $2.80 EPS, FY2025 earnings at $10.57 EPS, Q1 2026 earnings at $2.43 EPS, Q2 2026 earnings at $2.73 EPS and FY2026 earnings at $11.03 EPS.

EOG has been the topic of several other research reports. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. UBS Group dropped their price target on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Raymond James boosted their price objective on EOG Resources from $156.00 to $167.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. Finally, Truist Financial raised their target price on EOG Resources from $115.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Fifteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $144.20.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $127.59 on Wednesday. EOG Resources has a twelve month low of $108.94 and a twelve month high of $139.67. The stock’s 50 day moving average is $129.46 and its 200-day moving average is $126.36. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $71.76 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 3.40 and a beta of 1.29.

Hedge Funds Weigh In On EOG Resources

Several large investors have recently modified their holdings of the business. Insight Inv LLC boosted its holdings in EOG Resources by 0.8% in the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock worth $1,154,000 after buying an additional 75 shares during the period. Cape ANN Savings Bank boosted its holdings in shares of EOG Resources by 0.9% in the third quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock worth $1,067,000 after acquiring an additional 79 shares during the period. Bailard Inc. grew its position in shares of EOG Resources by 0.4% in the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock valued at $2,505,000 after purchasing an additional 81 shares in the last quarter. Everpar Advisors LLC grew its position in shares of EOG Resources by 3.6% in the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock valued at $293,000 after purchasing an additional 83 shares in the last quarter. Finally, Altman Advisors Inc. raised its stake in shares of EOG Resources by 0.7% during the 2nd quarter. Altman Advisors Inc. now owns 12,731 shares of the energy exploration company’s stock valued at $1,603,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by company insiders.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio is currently 29.31%.

EOG Resources declared that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.