Oppenheimer Comments on EOG Resources Inc’s Q1 2020 Earnings (NYSE:EOG)

EOG Resources Inc (NYSE:EOG) – Analysts at Oppenheimer dropped their Q1 2020 earnings estimates for EOG Resources in a report issued on Monday, November 11th. Oppenheimer analyst T. Rezvan now expects that the energy exploration company will post earnings of $0.95 per share for the quarter, down from their previous forecast of $1.10. Oppenheimer has a “Outperform” rating and a $102.00 price target on the stock. Oppenheimer also issued estimates for EOG Resources’ Q2 2020 earnings at $0.91 EPS, Q3 2020 earnings at $0.97 EPS and Q4 2020 earnings at $1.01 EPS.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.13. EOG Resources had a return on equity of 13.94% and a net margin of 16.96%. The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter in the prior year, the business earned $1.75 earnings per share. The company’s quarterly revenue was down 10.0% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the company. TheStreet cut EOG Resources from a “b-” rating to a “c” rating in a research note on Thursday, August 15th. Stifel Nicolaus dropped their price objective on EOG Resources from $116.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. FinnCap reaffirmed a “corporate” rating on shares of EOG Resources in a report on Tuesday, October 29th. Barclays dropped their price objective on EOG Resources from $146.00 to $132.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Finally, KeyCorp dropped their price objective on EOG Resources from $110.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. EOG Resources currently has an average rating of “Buy” and a consensus target price of $106.64.

EOG Resources stock opened at $72.61 on Wednesday. EOG Resources has a 12 month low of $64.33 and a 12 month high of $108.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.90. The business has a 50 day simple moving average of $71.24 and a 200-day simple moving average of $81.70. The stock has a market capitalization of $43.46 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.67 and a beta of 1.34.

A number of institutional investors have recently bought and sold shares of EOG. Knuff & Co LLC acquired a new stake in EOG Resources in the second quarter valued at $28,000. Quest Capital Management Inc. ADV acquired a new stake in EOG Resources in the third quarter valued at $28,000. Truvestments Capital LLC acquired a new stake in EOG Resources in the second quarter valued at $33,000. Tortoise Investment Management LLC acquired a new stake in EOG Resources in the second quarter valued at $34,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in EOG Resources in the second quarter valued at $37,000. 86.36% of the stock is currently owned by institutional investors.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 1.58%. The ex-dividend date was Wednesday, October 16th. EOG Resources’s dividend payout ratio (DPR) is 20.76%.

About EOG Resources

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

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