Zacks: Brokerages Anticipate EOG Resources Inc (EOG) Will Post Quarterly Sales of $3.09 Billion
Equities research analysts expect EOG Resources Inc (NYSE:EOG) to report $3.09 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for EOG Resources’ earnings. The highest sales estimate is $3.33 billion and the lowest is $2.95 billion. EOG Resources reported sales of $2.40 billion in the same quarter last year, which would suggest a positive year over year growth rate of 28.8%. The firm is expected to report its next earnings report on Monday, February 26th.
According to Zacks, analysts expect that EOG Resources will report full year sales of $3.09 billion for the current fiscal year, with estimates ranging from $10.81 billion to $11.14 billion. For the next fiscal year, analysts anticipate that the company will report sales of $12.64 billion per share, with estimates ranging from $10.26 billion to $14.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow EOG Resources.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.40) EPS.
In related news, President Gary L. Thomas sold 2,000 shares of the firm’s stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. Following the completion of the transaction, the president now owns 1,046,430 shares of the company’s stock, valued at $112,962,118.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David W. Trice sold 3,114 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the transaction, the executive vice president now directly owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. In the last three months, insiders sold 133,726 shares of company stock valued at $1,921,181. Company insiders own 0.53% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Baker Ellis Asset Management LLC bought a new position in EOG Resources during the third quarter valued at about $101,000. Chicago Partners Investment Group LLC boosted its stake in EOG Resources by 178.0% during the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after buying an additional 712 shares in the last quarter. Fis Group Inc. bought a new position in EOG Resources during the third quarter valued at about $130,000. Quantbot Technologies LP purchased a new stake in shares of EOG Resources during the third quarter valued at $153,000. Finally, Zions Bancorporation lifted its holdings in shares of EOG Resources by 5,268.6% during the third quarter. Zions Bancorporation now owns 1,879 shares of the energy exploration company’s stock valued at $182,000 after purchasing an additional 1,844 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.
Shares of EOG Resources (EOG) traded up $1.22 on Wednesday, reaching $112.17. The company had a trading volume of 2,215,705 shares, compared to its average volume of 2,430,000. The company has a market cap of $64,860.00, a P/E ratio of 11,217.00, a P/E/G ratio of 5.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. EOG Resources has a 52-week low of $81.99 and a 52-week high of $112.30.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be paid a $0.1675 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $0.67 annualized dividend and a dividend yield of 0.60%. EOG Resources’s payout ratio is 6,700.00%.
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EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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