Zacks Research Predicts Increased Earnings for EOG Resources

EOG Resources, Inc. (NYSE:EOG) – Analysts at Zacks Research raised their Q2 2026 EPS estimates for shares of EOG Resources in a research note issued to investors on Thursday, March 27th. Zacks Research analyst R. Department now expects that the energy exploration company will earn $2.96 per share for the quarter, up from their previous forecast of $2.90. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. Zacks Research also issued estimates for EOG Resources’ Q3 2026 earnings at $3.07 EPS, Q4 2026 earnings at $3.12 EPS, FY2026 earnings at $11.85 EPS and FY2027 earnings at $11.35 EPS.

Several other brokerages have also recently issued reports on EOG. Citigroup decreased their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Mizuho reaffirmed a “neutral” rating and set a $140.00 target price (down from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Piper Sandler cut their target price on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Barclays decreased their price target on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. Finally, Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.67.

EOG Resources Price Performance

Shares of EOG opened at $129.26 on Monday. The business has a 50-day simple moving average of $127.93 and a two-hundred day simple moving average of $127.92. EOG Resources has a 12-month low of $115.78 and a 12-month high of $139.67. The stock has a market cap of $71.60 billion, a PE ratio of 10.41, a PEG ratio of 3.58 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.02%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is currently 34.73%.

Hedge Funds Weigh In On EOG Resources

Several institutional investors have recently made changes to their positions in the stock. Townsquare Capital LLC boosted its holdings in EOG Resources by 15.5% in the third quarter. Townsquare Capital LLC now owns 18,811 shares of the energy exploration company’s stock worth $2,312,000 after acquiring an additional 2,521 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of EOG Resources during the third quarter worth approximately $1,410,000. FSA Wealth Management LLC bought a new position in shares of EOG Resources in the 3rd quarter worth $59,000. Benjamin Edwards Inc. grew its position in EOG Resources by 2,590.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 302,504 shares of the energy exploration company’s stock valued at $37,190,000 after purchasing an additional 291,262 shares during the period. Finally, Community Bank N.A. increased its stake in EOG Resources by 11.6% during the 3rd quarter. Community Bank N.A. now owns 11,362 shares of the energy exploration company’s stock valued at $1,397,000 after purchasing an additional 1,183 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Company Profile

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.