EOG Resources (NYSE:EOG – Get Free Report) will post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect EOG Resources to post earnings of $2.68 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
EOG Resources (NYSE:EOG – Get Free Report) last posted its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the firm posted $3.30 EPS. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, analysts expect EOG Resources to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.
EOG Resources Trading Up 0.6 %
NYSE:EOG opened at $135.60 on Thursday. EOG Resources has a one year low of $106.32 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The firm has a market cap of $78.00 billion, a P/E ratio of 10.42 and a beta of 1.40. The firm has a 50-day simple moving average of $124.83 and a 200-day simple moving average of $122.36.
EOG Resources Announces Dividend
Wall Street Analysts Forecast Growth
EOG has been the subject of several recent analyst reports. Barclays initiated coverage on shares of EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective for the company. Stifel Nicolaus reduced their price objective on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday. Scotiabank lowered shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $135.00 to $155.00 in a research note on Thursday, April 11th. Susquehanna boosted their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research note on Monday. Finally, TD Securities dropped their target price on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $142.19.
Read Our Latest Stock Analysis on EOG Resources
About EOG Resources
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.
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