EOG Resources, Inc. (NYSE:EOG) to Post Q4 2024 Earnings of $3.43 Per Share, Roth Capital Forecasts

EOG Resources, Inc. (NYSE:EOG) – Analysts at Roth Capital dropped their Q4 2024 earnings per share estimates for EOG Resources in a research note issued to investors on Thursday, May 2nd. Roth Capital analyst L. Mariani now forecasts that the energy exploration company will post earnings per share of $3.43 for the quarter, down from their prior estimate of $3.48. The consensus estimate for EOG Resources’ current full-year earnings is $12.14 per share. Roth Capital also issued estimates for EOG Resources’ Q1 2025 earnings at $3.33 EPS, Q2 2025 earnings at $3.20 EPS, Q3 2025 earnings at $3.40 EPS, Q4 2025 earnings at $3.75 EPS and FY2025 earnings at $13.68 EPS.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period last year, the business earned $2.69 EPS. EOG Resources’s revenue for the quarter was up 1.3% on a year-over-year basis.

A number of other equities analysts have also issued reports on the company. Raymond James reduced their target price on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Scotiabank downgraded EOG Resources from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Susquehanna increased their price target on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research note on Tuesday, April 9th. Finally, Stifel Nicolaus cut their price objective on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Fourteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $142.27.

EOG Resources Trading Down 0.2 %

NYSE:EOG opened at $130.23 on Monday. The company has a market capitalization of $74.84 billion, a P/E ratio of 10.29 and a beta of 1.38. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. EOG Resources has a 12 month low of $106.32 and a 12 month high of $139.67. The firm has a fifty day simple moving average of $128.17 and a 200-day simple moving average of $122.33.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.80%. EOG Resources’s dividend payout ratio is currently 28.75%.

Hedge Funds Weigh In On EOG Resources

A number of large investors have recently added to or reduced their stakes in EOG. McIlrath & Eck LLC raised its position in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 212 shares in the last quarter. Peoples Bank KS acquired a new stake in shares of EOG Resources in the third quarter worth approximately $31,000. Sachetta LLC acquired a new position in EOG Resources in the 4th quarter valued at $33,000. Finally, Hall Laurie J Trustee purchased a new position in EOG Resources in the 4th quarter valued at $36,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.