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Analysts Issue Forecasts for EOG Resources FY2026 Earnings


Analysts Issue Forecasts for EOG Resources FY2026 Earnings

EOG Resources, Inc. (NYSE:EOG - Free Report) - Investment analysts at Capital One Financial dropped their FY2026 EPS estimates for EOG Resources in a report released on Wednesday, December 18th. Capital One Financial analyst P. Johnston now expects that the energy exploration company will earn $11.63 per share for the year, down from their prior estimate of $11.73. The consensus estimate for EOG Resources' current full-year earnings is $11.47 per share.

A number of other brokerages have also commented on EOG. Benchmark reissued a "hold" rating on shares of EOG Resources in a research note on Tuesday, November 12th. Scotiabank cut their target price on shares of EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $143.00 to $135.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. Morgan Stanley dropped their price objective on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating for the company in a research note on Monday, September 16th. Finally, StockNews.com cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Saturday, November 16th. Fourteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $143.50.

Read Our Latest Report on EOG

Shares of EOG traded down $0.12 during midday trading on Thursday, hitting $119.51. 562,313 shares of the company traded hands, compared to its average volume of 3,116,353. EOG Resources has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a 50 day moving average of $128.67 and a 200-day moving average of $126.39. The stock has a market cap of $67.22 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 3.39 and a beta of 1.29.

A number of large investors have recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new position in EOG Resources in the third quarter worth about $26,000. Eastern Bank purchased a new position in shares of EOG Resources in the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new position in shares of EOG Resources during the 3rd quarter worth approximately $31,000. HM Payson & Co. lifted its position in EOG Resources by 203.7% during the third quarter. HM Payson & Co. now owns 328 shares of the energy exploration company's stock valued at $40,000 after acquiring an additional 220 shares during the last quarter. Finally, Matrix Trust Co acquired a new stake in EOG Resources in the third quarter valued at approximately $43,000. Institutional investors own 89.91% of the company's stock.

In other news, Director Janet F. Clark sold 568 shares of the business's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now owns 43,532 shares in the company, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.975 dividend. The ex-dividend date is Friday, January 17th. This represents a $3.90 annualized dividend and a yield of 3.26%. This is a boost from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio is 31.40%.

EOG Resources declared that its board has initiated a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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