EOG Resources, Inc. (NYSE:EOG) declared a quarterly dividend on Thursday, April 27th, RTT News reports. Stockholders of record on Monday, July 17th will be paid a dividend of 0.1675 per share by the energy exploration company on Monday, July 31st. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, July 13th.
EOG Resources has raised its dividend by an average of 22.3% per year over the last three years. EOG Resources has a payout ratio of 103.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect EOG Resources to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.67 annual dividend with an expected future payout ratio of 44.7%.
Shares of EOG Resources (EOG) traded up 1.74% on Friday, hitting $90.45. The stock had a trading volume of 3,792,200 shares. The firm has a 50-day moving average of $90.89 and a 200 day moving average of $94.81. EOG Resources has a 1-year low of $79.67 and a 1-year high of $109.37. The company’s market capitalization is $52.23 billion.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by $0.02. EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the firm posted ($0.38) earnings per share. The business’s revenue was up 47.1% on a year-over-year basis. On average, equities analysts anticipate that EOG Resources will post $0.62 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on EOG shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of EOG Resources in a report on Friday, July 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a report on Friday, July 14th. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Citigroup Inc. downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $112.00 to $98.00 in a report on Friday, July 21st. Finally, Royal Bank Of Canada set a $115.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a report on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $108.23.
EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
Receive News & Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related companies with our FREE daily email newsletter.