EOG Resources (NYSE:EOG) Announces Quarterly Earnings Results, Beats Expectations By $0.12 EPS

EOG Resources (NYSE:EOG) released its earnings results on Thursday. The energy exploration company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.70 by $0.12, Briefing.com reports. EOG Resources had a net margin of 30.33% and a return on equity of 25.11%. The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter last year, the company earned $2.69 EPS. EOG Resources’s quarterly revenue was up 1.3% on a year-over-year basis.

EOG Resources Stock Down 1.4 %

Shares of EOG traded down $1.78 during trading hours on Friday, reaching $130.02. The company’s stock had a trading volume of 5,660,840 shares, compared to its average volume of 2,953,117. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. The firm has a market cap of $74.79 billion, a price-to-earnings ratio of 10.27 and a beta of 1.38. The company has a 50 day moving average of $127.48 and a two-hundred day moving average of $122.57. EOG Resources has a 1-year low of $106.32 and a 1-year high of $139.67.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.80%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analyst Weigh In

A number of research firms recently commented on EOG. JPMorgan Chase & Co. raised their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. TD Cowen lifted their price target on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research report on Tuesday. Citigroup upped their price objective on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, March 18th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a report on Tuesday, April 9th. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus price target of $142.27.

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.