EOG Resources, Inc. (NYSE:EOG) released its quarterly earnings results on Thursday. The energy exploration company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07, Bloomberg Earnings reports. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the company earned ($0.40) earnings per share. The business’s quarterly revenue was up 24.8% compared to the same quarter last year.
Shares of EOG Resources (NYSE:EOG) traded up $2.21 during midday trading on Friday, hitting $104.50. 4,080,161 shares of the company were exchanged, compared to its average volume of 2,348,667. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $59.53 billion, a P/E ratio of 251.10, a PEG ratio of 16.47 and a beta of 0.99.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were paid a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Monday, October 16th. EOG Resources’s dividend payout ratio is currently 6,700.00%.
In related news, Director Charles R. Crisp sold 3,411 shares of EOG Resources stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $97.03, for a total transaction of $330,969.33. Following the sale, the director now directly owns 53,196 shares in the company, valued at $5,161,607.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gary L. Thomas sold 25,000 shares of EOG Resources stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the sale, the insider now owns 1,067,465 shares in the company, valued at $103,149,142.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,578 shares of company stock worth $3,700,882. Company insiders own 0.53% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2017/11/03/eog-resources-inc-eog-posts-earnings-results-beats-expectations-by-0-07-eps.html.
A number of research firms have recently weighed in on EOG. Jefferies Group LLC reissued a “hold” rating and set a $101.00 price target on shares of EOG Resources in a research report on Wednesday, August 16th. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price target on shares of EOG Resources in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of EOG Resources from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Sanford C. Bernstein reissued an “outperform” rating on shares of EOG Resources in a research report on Friday, July 7th. Finally, Royal Bank Of Canada set a $107.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $108.68.
About EOG Resources
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.
What are top analysts saying about EOG Resources Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for EOG Resources Inc. and related companies.