FY2017 EPS Estimates for EOG Resources Inc (EOG) Lifted by Jefferies Group

EOG Resources Inc (NYSE:EOG) – Analysts at Jefferies Group boosted their FY2017 earnings per share estimates for shares of EOG Resources in a research report issued to clients and investors on Wednesday. Jefferies Group analyst M. Lear now expects that the energy exploration company will earn $0.96 per share for the year, up from their prior estimate of $0.76. Jefferies Group currently has a “Hold” rating and a $101.00 price objective on the stock. Jefferies Group also issued estimates for EOG Resources’ Q4 2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.69 EPS, Q2 2018 earnings at $0.72 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.79 EPS, FY2018 earnings at $3.01 EPS, Q1 2019 earnings at $0.74 EPS and Q2 2019 earnings at $0.78 EPS.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the business posted ($0.40) earnings per share. The firm’s revenue was up 24.8% on a year-over-year basis.

A number of other equities analysts have also commented on the company. Zacks Investment Research lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Morgan Stanley raised EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $97.00 to $106.00 in a research note on Tuesday, September 12th. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Credit Suisse Group started coverage on EOG Resources in a report on Monday, December 11th. They set a “neutral” rating and a $106.00 price objective on the stock. Finally, Barclays lifted their price target on EOG Resources from $101.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $109.91.

EOG Resources (EOG) opened at $107.11 on Monday. EOG Resources has a one year low of $81.99 and a one year high of $107.95. The company has a market capitalization of $61,933.05, a P/E ratio of 10,711.00, a P/E/G ratio of 13.51 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.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC raised its holdings in shares of EOG Resources by 0.5% during the second quarter. Quadrant Capital Group LLC now owns 5,007 shares of the energy exploration company’s stock valued at $418,000 after acquiring an additional 23 shares during the period. Security National Trust Co. increased its stake in shares of EOG Resources by 0.7% during the 2nd quarter. Security National Trust Co. now owns 8,029 shares of the energy exploration company’s stock worth $727,000 after purchasing an additional 55 shares during the last quarter. Frontier Wealth Management LLC increased its stake in shares of EOG Resources by 2.5% during the 2nd quarter. Frontier Wealth Management LLC now owns 2,361 shares of the energy exploration company’s stock worth $214,000 after purchasing an additional 58 shares during the last quarter. Wunderlich Capital Managemnt increased its stake in shares of EOG Resources by 3.1% during the 2nd quarter. Wunderlich Capital Managemnt now owns 2,887 shares of the energy exploration company’s stock worth $261,000 after purchasing an additional 87 shares during the last quarter. Finally, Boulegeris Investments Inc. increased its stake in shares of EOG Resources by 0.9% during the 2nd quarter. Boulegeris Investments Inc. now owns 12,875 shares of the energy exploration company’s stock worth $1,165,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

In other news, EVP David W. Trice sold 3,114 shares of the business’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 completion of the sale, the executive vice president now owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 1,741 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $106.00, for a total transaction of $184,546.00. Following the completion of the sale, the executive vice president now directly owns 75,118 shares of the company’s stock, valued at approximately $7,962,508. The disclosure for this sale can be found here. Insiders have sold a total of 164,304 shares of company stock worth $4,837,383 in the last 90 days. Company insiders own 0.53% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be issued a $0.1675 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.63%. EOG Resources’s dividend payout ratio (DPR) is presently 6,700.00%.

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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.

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

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