EOG Resources, Inc. (NYSE:EOG) announced a quarterly dividend on Thursday, April 27th, RTT News reports. Stockholders of record on Monday, July 17th will be given a dividend of 0.1675 per share by the energy exploration company on Monday, July 31st. This represents a $0.67 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Thursday, July 13th.
EOG Resources has increased its dividend payment by an average of 22.3% per year over the last three years. EOG Resources has a payout ratio of 59.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect EOG Resources to earn $2.14 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 31.3%.
Shares of EOG Resources (NYSE:EOG) opened at 90.63 on Wednesday. EOG Resources has a 1-year low of $78.04 and a 1-year high of $109.37. The stock has a 50 day moving average of $90.31 and a 200 day moving average of $96.67. The stock’s market cap is $52.32 billion.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Monday, May 8th. The energy exploration company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. EOG Resources had a negative net margin of 6.70% and a negative return on equity of 2.69%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the business posted ($0.83) earnings per share. The company’s revenue was up 92.8% on a year-over-year basis. Equities research analysts forecast that EOG Resources will post $1.12 EPS for the current year.
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A number of research firms recently issued reports on EOG. Sanford C. Bernstein restated an “outperform” rating on shares of EOG Resources in a report on Friday, July 7th. Scotiabank set a $100.00 target price on shares of EOG Resources and gave the company a “hold” rating in a report on Saturday, July 1st. BidaskClub upgraded shares of EOG Resources from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Atlantic Securities upgraded shares of EOG Resources from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $98.00 to $100.00 in a report on Tuesday, June 27th. Finally, FBR & Co lowered their target price on shares of EOG Resources from $122.00 to $108.00 and set an “outperform” rating for the company in a report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $108.35.
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.
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