Imperial Capital Brokers Boost Earnings Estimates for EOG Resources (EOG)

EOG Resources (NYSE:EOG) – Research analysts at Imperial Capital lifted their Q1 2018 earnings per share (EPS) estimates for EOG Resources in a report issued on Tuesday, April 24th. Imperial Capital analyst I. Haas now anticipates that the energy exploration company will post earnings per share of $0.91 for the quarter, up from their previous forecast of $0.85. Imperial Capital currently has a “Outperform” rating and a $145.00 target price on the stock. Imperial Capital also issued estimates for EOG Resources’ FY2019 earnings at $5.99 EPS.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.30. EOG Resources had a return on equity of 4.47% and a net margin of 23.04%. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.03 billion.

Several other brokerages also recently weighed in on EOG. Argus raised their price target on EOG Resources to $133.00 and gave the company a “buy” rating in a report on Monday, January 8th. BMO Capital Markets restated a “buy” rating and set a $120.00 price target on shares of EOG Resources in a report on Thursday, January 11th. Stifel Nicolaus set a $146.00 price target on EOG Resources and gave the company a “buy” rating in a report on Monday. UBS started coverage on EOG Resources in a report on Wednesday, March 7th. They set a “buy” rating and a $125.00 price target for the company. Finally, Piper Jaffray restated a “buy” rating and set a $118.00 price target on shares of EOG Resources in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. EOG Resources presently has an average rating of “Buy” and a consensus target price of $119.67.

Shares of NYSE:EOG opened at $117.62 on Wednesday. EOG Resources has a 1-year low of $81.99 and a 1-year high of $119.00. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. The firm has a market cap of $66,305.95, a PE ratio of 105.02, a P/E/G ratio of 3.24 and a beta of 1.05.

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in EOG Resources by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 5,644,014 shares of the energy exploration company’s stock worth $607,661,000 after purchasing an additional 161,514 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of EOG Resources by 0.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,033,961 shares of the energy exploration company’s stock valued at $435,304,000 after buying an additional 27,075 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of EOG Resources by 16.9% during the 4th quarter. Lazard Asset Management LLC now owns 2,921,180 shares of the energy exploration company’s stock valued at $315,223,000 after buying an additional 422,672 shares in the last quarter. Lyrical Asset Management LP lifted its position in shares of EOG Resources by 3.4% during the 4th quarter. Lyrical Asset Management LP now owns 2,733,837 shares of the energy exploration company’s stock valued at $295,008,000 after buying an additional 90,652 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of EOG Resources by 9.4% during the 4th quarter. Jennison Associates LLC now owns 2,467,797 shares of the energy exploration company’s stock valued at $266,300,000 after buying an additional 212,531 shares in the last quarter. 85.56% of the stock is currently owned by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Saturday, July 7th will be given a $0.185 dividend. The ex-dividend date of this dividend is Monday, July 16th. This represents a $0.74 annualized dividend and a yield of 0.63%. EOG Resources’s payout ratio is 66.07%.

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 United Kingdom, the People's Republic of China, and Canada.

Earnings History and Estimates for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply