EOG Resources (NYSE:EOG) Announces Earnings Results, Beats Estimates By $0.42 EPS

by · The Markets Daily

EOG Resources (NYSE:EOG – Get Free Report) released its quarterly earnings results on Thursday. The energy exploration company reported $4.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.42, FiscalAI reports. EOG Resources had a net margin of 27.54% and a return on equity of 26.79%. The company had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $7.26 billion. During the same period in the prior year, the firm earned $2.71 earnings per share. EOG Resources’s revenue was up 46.2% on a year-over-year basis.

EOG Resources Stock Up 2.0%

Shares of NYSE EOG traded up $2.90 on Friday, reaching $147.79. 4,564,319 shares of the company’s stock traded hands, compared to its average volume of 2,901,363. EOG Resources has a 12 month low of $101.59 and a 12 month high of $165.93. The business’s 50 day simple moving average is $149.32 and its two-hundred day simple moving average is $137.83. The company has a market cap of $77.52 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 0.52 and a beta of 0.27. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be paid a dividend of $1.10 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $1.02. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, January 15th. EOG Resources’s payout ratio is 31.75%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EOG. Raymond James Financial reiterated a “strong-buy” rating and set a $186.00 target price (up from $183.00) on shares of EOG Resources in a report on Thursday, September 17th. The Goldman Sachs Group restated a “neutral” rating and issued a $151.00 target price (up from $127.00) on shares of EOG Resources in a research note on Monday, August 24th. Freedom Capital lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Barclays upped their price target on EOG Resources from $147.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, UBS Group reiterated a “buy” rating and issued a $186.00 price objective (up from $183.00) on shares of EOG Resources in a report on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $161.80.

View Our Latest Research Report on EOG Resources

Insider Transactions at EOG Resources

In other news, EVP Michael Donaldson sold 7,336 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the sale, the executive vice president directly owned 100,558 shares of the company’s stock, valued at $14,882,584. The trade was a 6.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ezra Yacob sold 35,942 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the sale, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,317 shares of company stock valued at $7,823,480 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

EOG Resources News Summary

Here are the key news stories impacting EOG Resources this week:

  • Positive Sentiment: Q3 results beat expectations: EOG reported earnings of $4.87 per share, versus the $4.45 consensus, and revenue of $8.55 billion, above estimates of $7.26 billion and up 46.2% year over year. Earnings per share rose from $2.71 a year earlier. Reuters article
  • Positive Sentiment: Production and pricing supported performance: The company’s record production and stronger commodity prices helped drive profit growth and robust cash flow, reinforcing the quarter’s positive results. Zacks article
  • Positive Sentiment: Dividend raised: EOG increased its quarterly dividend from $1.02 to $1.10 per share, about 7.8%, equivalent to $4.40 annually and a roughly 3% yield. The increase signals confidence in cash generation and adds to shareholder returns. EOG press release
  • Neutral Sentiment: Barclays lifted its price target from $147 to $155, but maintained an “equal weight” rating, suggesting limited conviction that EOG will outperform despite the higher target. Barclays rating information

EOG Resources Company Profile

(Get Free Report)

EOG Resources is an independent energy company focused on exploring for, developing and producing crude oil, natural gas and natural gas liquids. Its operations include drilling and managing wells, with a focus on resources in shale and other tight-rock formations.

The company’s activities are concentrated in the United States, including major producing regions such as the Permian Basin and Eagle Ford. EOG also has international operations, including in Trinidad and Tobago and the United Arab Emirates.

Founded in 1985 as Enron Oil & Gas, the company became independent in 1999 and adopted the name EOG Resources.

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