An inquiry has been conducted into EOG Resources, Inc. (NYSE: EOG). The estimates that investment analysts working for KeyCorp made regarding EOG Resources’ earnings per share (EPS) for the third quarter of 2022 were included in a research note distributed to investors on September 19. Earnings for the oil exploration industry in the first quarter are expected to come in at $4.12 per share, according to forecasts made by T. Rezvan, an analyst at KeyCorp. The current rating that has been placed on the shares of KeyCorp is Overweight, and the price target has been established at $157.00. Earnings of $15.65 per share are the most recent projections for EOG Resources’ performance over the entire year. EOG Resources would have earnings of $4.44 per share in the fourth quarter of 2022, $15.31 per share in the fiscal year 2022–2023, $3.84 per share in the first quarter of 2023, $3.87 per share in the second quarter of 2023, $4.01 per share in the third quarter, $4.11 per share in the fourth quarter of 2023, and $15.83 per share in the fiscal year 2023, according to KeyCorp’s projections.
Studies on EOG have also recently been published by other research companies in very recent times. MKM Partners raised their price target on EOG Resources from $122.00 to $130.00 in a research report published on Friday, August 26th, and upgraded the stock from a “buy” rating to a “strong-buy” rating in a research report published on Saturday, August 27th. The “outperform” rating that Royal Bank of Canada had previously assigned to EOG Resources was downgraded to the “sector perform” rating. The bank has set its price target for the company at $150.00. In a research report made available to the public on Friday, August 5th, TD Securities upgraded EOG Resources from a “hold” rating to a “buy” rating and established a price objective of $135.00 for the stock. These changes were made. Wednesday, July 6, was the day the study was carried out. In a research note released on Wednesday, Citigroup reaffirmed its “buy” rating on shares of EOG Resources and increased its price objective for the company’s stock from $130.00 to $139.00 in a research note.
In a research report published on Monday, August 15th, Truist Financial lowered its price target on EOG Resources from $182.00 to $175.00 and gave the company a “buy” rating in a research report. This is not the final piece of news concerning this subject. Four different analysts have given the stock a hold rating. In comparison, sixteen different analysts have provided a buy recommendation, and one different analyst has issued a strong buy recommendation. According to Bloomberg, the current consensus rating for EOG Resources is “Moderate Buy,” and the average price goal for the firm is $146.85. Bloomberg also states that the average price target for the company is $146.85. When trading started on Thursday, the price of a share of EOG Resources was $118.24 per share. The company’s price has hit $113.98 on its simple moving average for the past 50 days and reached $118.63 on its simple moving average for the past 200 days. The ratio of total assets to current assets is 1.41, the ratio of quick assets to current assets is 1.29, and the ratio of debt to equity is 0.17. EOG Resources saw a low of $72.76 over the past year, while the business reached a high of $147.99 over the same period. The company has a price-to-earnings ratio of 12.13, its price-to-earnings-to-growth ratio is 0.25, and its beta value is 1.55. The market capitalization of the company is $69.29 billion.
On Thursday, August 4th, EOG Resources (NYSE: EOG) announced the results of its most recent quarterly financial report. The oil and gas production company announced earnings per share for the quarter of $2.74, which was $1.51 less than the forecasts of $4.25 that the analysts provided. EOG Resources had a return on equity of 32.03%, and their net margin was 25.71% of their revenue. The overall revenue for the quarter came in at $7.41 billion, which is a big increase compared to the general estimate of $5.58 billion anticipated by the market. Compared to the prior year’s results for the same quarter, the company’s earnings per share came in at $1.73. The company’s quarterly sales went up by 79.0% compared to the same quarter the year before.
Additionally, the corporation announced the payment of a one-time special dividend, which will be made available to shareholders on Thursday, September 29. On September 15th, stockholders registered as still holding their shares will be eligible to receive a $1.50 dividend payment per share. The 14th of September, which is a Wednesday, is the day that will no longer count toward the total of the dividend. Because of this modification, the prior special dividend that EOG Resources disbursed was enhanced by $1.00 to reflect the new circumstances. EOG Resources’ current dividend payout ratio is 30.77 percent.
Recently, certain institutional investors and hedge funds made adjustments to the holdings they had previously held in the stock. These adjustments were made in response to recent market events. During the second quarter, Inscription Capital LLC completed a 2.7% rise in the proportion of EOG Resources in which it was invested. Inscription Capital LLC now owns 7,380 shares of the oil exploration company’s common stock after purchasing an additional 193 shares during the most recent quarter. The stock is now valued at $815,000. Federated Hermes Inc. raised its stake in EOG Resources by 12.7% during the second quarter of the current fiscal year. After purchasing an additional 4,809 shares of stock in the oil exploration company throughout the period, Federated Hermes Inc. now has 42,767 shares in the oil exploration firm. These shares are currently worth a total of $4,723,000 as of right now.
The Private Trust Company of North America made a new investment in EOG Resources during the second quarter worth $138,000. During the second quarter, Brown Advisory Inc. increased the proportion of EOG Resources it invested by 87.1%. After purchasing an additional 52,287 shares over the quarter, Brown Advisory Inc. now holds a total of 112,319 shares of the oil exploration company’s stock, equivalent to a value of $12,405,000. This brings the total number of shares owned by Brown Advisory Inc. to 112,319. And last, during the second quarter, B. Riley Wealth Management Inc. added 7.2% more EOG Resources stock to its portfolio, bringing the total amount of the company’s ownership of EOG Resources stock to 100%. B. Riley Wealth Management Inc. now has a total of 5,730 shares of the oil exploration company’s stock, which are currently valued at $633,000 after purchasing an additional 387 shares. Institutional investors own most of the company’s stock, accounting for 88.30% of the total. “