EOG Resources Inc (NYSE:EOG) – Analysts at SunTrust Banks cut their Q2 2019 EPS estimates for EOG Resources in a note issued to investors on Tuesday, July 23rd, according to Zacks Investment Research. SunTrust Banks analyst N. Dingmann now anticipates that the energy exploration company will earn $1.24 per share for the quarter, down from their prior estimate of $1.26. SunTrust Banks currently has a “Buy” rating and a $120.00 target price on the stock. SunTrust Banks also issued estimates for EOG Resources’ FY2019 earnings at $4.81 EPS.
A number of other research firms have also weighed in on EOG. MKM Partners upgraded shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a report on Tuesday, May 28th. Zacks Investment Research lowered shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. Wells Fargo & Co lowered shares of Occidental Petroleum from an “outperform” rating to a “market perform” rating in a report on Monday, May 20th. Citigroup increased their target price on shares of Walt Disney from $126.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Finally, Susquehanna Bancshares started coverage on shares of Pinterest in a report on Monday, May 6th. They set a “neutral” rating and a $35.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. EOG Resources has an average rating of “Buy” and a consensus price target of $118.09.
EOG opened at $86.06 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $88.47. The company has a market capitalization of $48.92 billion, a PE ratio of 15.53, a PEG ratio of 1.45 and a beta of 1.33. EOG Resources has a 52 week low of $80.41 and a 52 week high of $133.53.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.16. The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.92 billion. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 earnings per share.
A number of hedge funds have recently modified their holdings of EOG. Valeo Financial Advisors LLC boosted its holdings in EOG Resources by 76.4% in the first quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 113 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in EOG Resources by 131.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 156 shares during the last quarter. Guidant Wealth Advisors boosted its holdings in EOG Resources by 50.5% in the first quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after purchasing an additional 101 shares during the last quarter. Truvestments Capital LLC purchased a new stake in EOG Resources in the second quarter worth approximately $33,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in EOG Resources in the second quarter worth approximately $37,000. Institutional investors own 86.81% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $1.15 annualized dividend and a dividend yield of 1.34%. This is an increase from EOG Resources’s previous quarterly dividend of $0.22. 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.