EOG Resources, Inc. (NYSE:EOG) Expected to Report Quarterly Sales of $5.46 Billion

Brokers expect EOG Resources, Inc. (NYSE:EOG – Get Rating) to post $5.46 billion in sales for the current quarter, Zacks reports. Six analysts made earnings estimates for EOG Resources. The lowest sales estimate is $5.13 billion and the highest is $5.95 billion. EOG Resources recorded sales of $3.69 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 48%. The company is expected to announce its next earnings report after the market closes on Monday, January 1.

On average, analysts expect EOG Resources to report annual revenue of $22.41 billion for the current year, with estimates ranging from $20.02 billion to $25.53 billion. billions of dollars. For the next fiscal year, analysts expect the company to record sales of $22.01 billion, with estimates ranging from $19.70 billion to $24.93 billion. Zacks’ sell calculations are an average based on a survey of sell-side analysts who cover EOG Resources.

EOG Resources (NYSE:EOG – Get Rating) last reported quarterly results on Thursday, February 24. The energy exploration company reported EPS of $3.09 for the quarter, missing analyst consensus estimates of $3.21 per ($0.12). EOG Resources posted a net margin of 25.02% and a return on equity of 23.50%. The company posted revenue of $6.04 billion for the quarter, versus a consensus estimate of $5.56 billion. During the same period a year earlier, the company posted earnings per share of $0.71. EOG Resources quarterly revenue increased 103.8% year over year.

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EOG has been the subject of several research reports. Wells Fargo & Company raised its price target on EOG Resources from $113.00 to $142.00 and gave the company an “overweight” rating in a Monday, March 14 research note. Barclays raised its price target on EOG Resources from $116.00 to $139.00 in a Friday, March 18 research note. Zacks Investment Research downgraded EOG Resources from a “strong buy” rating to a “hold” rating and set a price target of $93.00 for the company. in a research note on Tuesday, December 7. Truist Financial upgraded EOG Resources from a “hold” rating to a “buy” rating and raised its price target for the company from $111.00 to $135.00 in a Monday, January 31 research note. Finally, Bank of America downgraded EOG Resources from a “buy” rating to a “neutral” rating and raised its price target for the company from $130.00 to $146.00 in a Tuesday 8 research note. March. Eight research analysts gave the stock a hold rating and seventeen gave the company’s stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $120.59.

Shares of EOG Resources opened at $124.51 on Friday. The stock has a 50-day moving average of $113.36 and a 200-day moving average of $96.88. EOG Resources has a 12-month low of $62.81 and a 12-month high of $124.89. The company has a market capitalization of $72.89 billion, a PE ratio of 15.60, a PEG ratio of 0.34 and a beta of 1.79. The company has a current ratio of 2.12, a quick ratio of 1.98 and a debt ratio of 0.23.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 29. Shareholders of record on Friday, April 15 will receive a dividend of $0.75 per share. The ex-dividend date is Wednesday, April 13. This represents an annualized dividend of $3.00 and a yield of 2.41%. EOG Resources’ payout ratio is currently 37.59%.

Separately, Chief Financial Officer Timothy K. Driggers sold 3,925 shares of EOG Resources in a trade on Thursday, January 6. The stock was sold at an average price of $95.79, for a total value of $375,975.75. The sale was disclosed in a filing with the SEC, which is available via this link. Additionally, Executive Vice President Michael P. Donaldson sold 11,327 shares of EOG Resources in a trade on Thursday, March 3. The shares were sold at an average price of $117.15, for a total value of $1,326,958.05. The disclosure of this sale can be found here. Insiders sold a total of 23,602 shares of the company worth $2,719,062 in the past 90 days. 0.40% of the shares are currently held by insiders of the company.

Major investors have recently changed their positions in the company. Rational Advisors LLC increased its equity stake in EOG Resources by 102.0% in the 4th quarter. Rational Advisors LLC now owns 303 shares of the energy exploration company valued at $27,000 after acquiring 153 additional shares during the period. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of EOG Resources in Q4 worth $27,000. JCIC Asset Management Inc. acquired a new stake in shares of EOG Resources in Q4 worth $31,000. Kessler Investment Group LLC acquired a new stake in shares of EOG Resources in Q3 worth $28,000. Finally, Equitec Proprietary Markets LLC acquired a new stake in the shares of EOG Resources in the 4th quarter at a value of $31,000. Institutional investors and hedge funds hold 86.69% of the company’s shares.

EOG Resources Company Profile (Get an evaluation)

EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad and Tobago and Other International segments. The company was founded in 1985 and is based in Houston, TX.

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Earnings history and estimates for EOG Resources (NYSE:EOG)

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