EOG Resources (EOG) to Release Quarterly Earnings on Friday

EOG Resources (NYSE:EOG) is expected to be issuing its quarterly earnings data after the market closes on Friday, February 28th. Analysts expect the company to announce earnings of $2.55 per share and revenue of $5.96 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

EOG Resources Stock Performance

Shares of EOG opened at $129.70 on Thursday. The stock’s 50-day simple moving average is $128.90 and its 200 day simple moving average is $127.87. EOG Resources has a 52-week low of $112.11 and a 52-week high of $139.67. The stock has a market capitalization of $72.95 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources declared that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have recently commented on EOG. Citigroup increased their price objective on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Friday, January 3rd. Mizuho reduced their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Finally, Bank of America restated a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.85.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.