Equities analysts expect EOG Resources Inc (NYSE:EOG) to post $4.40 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for EOG Resources’ earnings, with the lowest sales estimate coming in at $4.24 billion and the highest estimate coming in at $4.59 billion. EOG Resources posted sales of $4.78 billion during the same quarter last year, which suggests a negative year over year growth rate of 7.9%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, November 6th.
On average, analysts expect that EOG Resources will report full year sales of $17.58 billion for the current year, with estimates ranging from $17.02 billion to $18.15 billion. For the next fiscal year, analysts forecast that the firm will report sales of $18.81 billion, with estimates ranging from $17.25 billion to $20.18 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow EOG Resources.
EOG Resources (NYSE:EOG) last announced its 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 business had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year.
Institutional investors and hedge funds have recently modified their holdings of the company. Cox Capital Mgt LLC increased its position in EOG Resources by 5.5% during the second quarter. Cox Capital Mgt LLC now owns 12,471 shares of the energy exploration company’s stock worth $1,162,000 after acquiring an additional 652 shares during the period. Private Trust Co. NA increased its position in EOG Resources by 21.7% during the second quarter. Private Trust Co. NA now owns 17,292 shares of the energy exploration company’s stock worth $1,610,000 after acquiring an additional 3,083 shares during the period. WINTON GROUP Ltd increased its position in EOG Resources by 10.7% during the second quarter. WINTON GROUP Ltd now owns 5,941 shares of the energy exploration company’s stock worth $553,000 after acquiring an additional 574 shares during the period. First American Trust FSB increased its position in EOG Resources by 4.6% during the second quarter. First American Trust FSB now owns 40,872 shares of the energy exploration company’s stock worth $3,807,000 after acquiring an additional 1,809 shares during the period. Finally, Douglas Lane & Associates LLC increased its position in EOG Resources by 32.8% during the second quarter. Douglas Lane & Associates LLC now owns 283,294 shares of the energy exploration company’s stock worth $26,392,000 after acquiring an additional 69,987 shares during the period. 86.50% of the stock is currently owned by institutional investors.
EOG traded up $0.51 during trading hours on Thursday, hitting $72.48. 2,398,600 shares of the company’s stock were exchanged, compared to its average volume of 4,505,359. EOG Resources has a 1-year low of $64.33 and a 1-year high of $110.20. The stock’s 50-day moving average is $73.87 and its two-hundred day moving average is $84.44. The stock has a market cap of $41.79 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.69 and a beta of 1.34. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.20.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 1.59%. The ex-dividend date is Wednesday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently 20.76%.
EOG Resources Company Profile
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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