SunTrust Banks Weighs in on EOG Resources Inc’s Q1 2020 Earnings (NYSE:EOG)

EOG Resources Inc (NYSE:EOG) – Research analysts at SunTrust Banks lowered their Q1 2020 EPS estimates for EOG Resources in a report released on Tuesday, January 21st. SunTrust Banks analyst N. Dingmann now expects that the energy exploration company will earn $1.20 per share for the quarter, down from their prior forecast of $1.26. SunTrust Banks has a “Buy” rating and a $110.00 price target on the stock. SunTrust Banks also issued estimates for EOG Resources’ Q2 2020 earnings at $1.18 EPS, Q3 2020 earnings at $1.24 EPS, FY2020 earnings at $4.94 EPS, Q2 2021 earnings at $1.49 EPS, Q3 2021 earnings at $1.57 EPS, Q4 2021 earnings at $1.68 EPS and FY2021 earnings at $6.24 EPS.

Other research analysts also recently issued reports about the company. KeyCorp lowered their price objective on EOG Resources from $110.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Citigroup lowered their price objective on EOG Resources from $93.00 to $88.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. ValuEngine upgraded EOG Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Johnson Rice upgraded EOG Resources from a “hold” rating to an “accumulate” rating in a research note on Tuesday, November 19th. Finally, Bank of America upgraded EOG Resources from a “neutral” rating to a “buy” rating in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $103.42.

Shares of EOG opened at $81.83 on Friday. The company has a market cap of $48.34 billion, a P/E ratio of 15.86, a PEG ratio of 1.52 and a beta of 1.42. The stock has a fifty day moving average price of $82.14 and a 200 day moving average price of $77.84. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.90. EOG Resources has a 12 month low of $64.33 and a 12 month high of $107.89.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share for the quarter, meeting the Zacks’ 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 the consensus estimate of $4.38 billion. During the same period in the previous year, the business earned $1.75 EPS. The business’s quarterly revenue was down 10.0% on a year-over-year basis.

Institutional investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in EOG Resources by 100.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock valued at $1,141,521,000 after purchasing an additional 6,128,570 shares in the last quarter. Marshall Wace LLP boosted its position in shares of EOG Resources by 99.2% in the 2nd quarter. Marshall Wace LLP now owns 40,004 shares of the energy exploration company’s stock worth $3,727,000 after purchasing an additional 19,918 shares during the last quarter. Andra AP fonden lifted its holdings in EOG Resources by 35.7% during the second quarter. Andra AP fonden now owns 61,200 shares of the energy exploration company’s stock worth $5,701,000 after acquiring an additional 16,100 shares in the last quarter. Schroder Investment Management Group lifted its holdings in EOG Resources by 96.2% during the second quarter. Schroder Investment Management Group now owns 48,455 shares of the energy exploration company’s stock worth $4,514,000 after acquiring an additional 23,752 shares in the last quarter. Finally, River & Mercantile Asset Management LLP bought a new position in EOG Resources during the second quarter worth about $3,508,000. 85.65% of the stock is currently owned by institutional investors.

In other news, Director Charles R. Crisp sold 420 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $86.49, for a total transaction of $36,325.80. Following the sale, the director now directly owns 50,296 shares of the company’s stock, valued at $4,350,101.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

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 $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 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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