FY2025 EPS Estimates for EOG Resources Reduced by Scotiabank

EOG Resources, Inc. (NYSE:EOG) – Equities researchers at Scotiabank dropped their FY2025 earnings per share estimates for shares of EOG Resources in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the energy exploration company will post earnings of $10.80 per share for the year, down from their prior estimate of $11.95. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. Scotiabank also issued estimates for EOG Resources’ FY2026 earnings at $11.65 EPS.

A number of other analysts also recently commented on the company. Barclays decreased their price target on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Morgan Stanley reduced their price target on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. Finally, Truist Financial raised their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $144.95.

EOG Resources Trading Down 0.8 %

Shares of EOG stock opened at $127.26 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a market capitalization of $70.49 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources has a 52-week low of $115.78 and a 52-week high of $139.67. The company has a 50-day simple moving average of $128.82 and a two-hundred day simple moving average of $127.60.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion.

Hedge Funds Weigh In On EOG Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Moors & Cabot Inc. bought a new stake in EOG Resources during the third quarter worth about $208,000. Citizens Financial Group Inc. RI lifted its position in EOG Resources by 4.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,348 shares of the energy exploration company’s stock worth $412,000 after buying an additional 144 shares during the last quarter. Banco Santander S.A. boosted its stake in EOG Resources by 54.1% in the third quarter. Banco Santander S.A. now owns 3,545 shares of the energy exploration company’s stock worth $436,000 after buying an additional 1,244 shares in the last quarter. Raymond James Trust N.A. boosted its stake in EOG Resources by 9.3% in the third quarter. Raymond James Trust N.A. now owns 20,435 shares of the energy exploration company’s stock worth $2,512,000 after buying an additional 1,741 shares in the last quarter. Finally, Nicolet Advisory Services LLC grew its position in EOG Resources by 12.0% during the third quarter. Nicolet Advisory Services LLC now owns 5,796 shares of the energy exploration company’s stock valued at $758,000 after acquiring an additional 622 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.06%. EOG Resources’s payout ratio is currently 34.73%.

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.