EOG Resources Inc (NYSE:EOG) – Equities research analysts at Jefferies Financial Group upped their FY2018 earnings per share estimates for EOG Resources in a research note issued on Monday, November 12th, Zacks Investment Research reports. Jefferies Financial Group analyst M. Lear now forecasts that the energy exploration company will post earnings per share of $6.30 for the year, up from their previous forecast of $5.89.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.19. EOG Resources had a net margin of 30.90% and a return on equity of 16.79%. The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue was up 80.8% compared to the same quarter last year.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. JPMorgan Chase & Co. raised shares of EOG Resources from a “neutral” rating to an “overweight” rating and upped their target price for the company from $117.00 to $118.00 in a research note on Friday. Piper Jaffray Companies set a $138.00 target price on shares of EOG Resources and gave the company a “buy” rating in a research note on Sunday, September 30th. Morgan Stanley lowered their target price on shares of EOG Resources from $128.00 to $122.00 and set a “hold” rating on the stock in a research note on Thursday, August 16th. Finally, Wells Fargo & Co assumed coverage on shares of EOG Resources in a research note on Wednesday, October 24th. They issued a “market perform” rating and a $154.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $136.33.

Shares of NYSE:EOG traded up $1.48 on Wednesday, hitting $103.61. 5,214,703 shares of the company were exchanged, compared to its average volume of 3,825,733. The company has a market cap of $59.23 billion, a price-to-earnings ratio of 92.51, a PEG ratio of 1.21 and a beta of 1.20. EOG Resources has a one year low of $96.54 and a one year high of $133.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 1.09.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in EOG Resources by 0.6% in the third quarter. Vanguard Group Inc. now owns 43,778,579 shares of the energy exploration company’s stock valued at $5,584,833,000 after buying an additional 268,736 shares during the period. BlackRock Inc. lifted its holdings in EOG Resources by 0.6% in the second quarter. BlackRock Inc. now owns 35,327,623 shares of the energy exploration company’s stock valued at $4,395,816,000 after buying an additional 212,583 shares during the period. FMR LLC lifted its holdings in EOG Resources by 4.1% in the third quarter. FMR LLC now owns 26,769,668 shares of the energy exploration company’s stock valued at $3,415,007,000 after buying an additional 1,059,509 shares during the period. Capital International Investors lifted its holdings in EOG Resources by 340.9% in the third quarter. Capital International Investors now owns 20,306,554 shares of the energy exploration company’s stock valued at $2,590,507,000 after buying an additional 15,701,069 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in EOG Resources by 4.7% in the third quarter. Alliancebernstein L.P. now owns 5,332,917 shares of the energy exploration company’s stock valued at $680,320,000 after buying an additional 238,860 shares during the period. Institutional investors own 85.63% of the company’s stock.

In other news, EVP David W. Trice sold 2,489 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $127.44, for a total transaction of $317,198.16. Following the transaction, the executive vice president now directly owns 74,807 shares in the company, valued at $9,533,404.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles R. Crisp sold 1,792 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total transaction of $209,305.60. Following the transaction, the director now owns 49,741 shares in the company, valued at $5,809,748.80. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

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.

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

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