KeyCorp Issues Negative Estimate for EOG Resources Earnings

EOG Resources, Inc. (NYSE:EOG) – Equities researchers at KeyCorp reduced their Q1 2027 earnings per share estimates for shares of EOG Resources in a note issued to investors on Thursday, January 15th. KeyCorp analyst T. Rezvan now expects that the energy exploration company will post earnings of $3.18 per share for the quarter, down from their previous forecast of $3.25. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share. KeyCorp also issued estimates for EOG Resources’ Q2 2027 earnings at $3.14 EPS, Q3 2027 earnings at $3.28 EPS, Q4 2027 earnings at $3.53 EPS and FY2027 earnings at $13.13 EPS.

EOG has been the topic of several other research reports. Scotiabank set a $123.00 target price on shares of EOG Resources and gave the stock a “sector perform” rating in a research report on Friday. Royal Bank Of Canada set a $138.00 price target on shares of EOG Resources and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Raymond James Financial reissued a “strong-buy” rating and set a $153.00 price objective on shares of EOG Resources in a report on Wednesday, December 3rd. Mizuho set a $134.00 target price on EOG Resources and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, JPMorgan Chase & Co. reduced their target price on EOG Resources from $131.00 to $121.00 and set a “neutral” rating for the company in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $137.00.

EOG Resources Stock Performance

EOG opened at $106.22 on Monday. The company has a market cap of $57.63 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 8.50 and a beta of 0.49. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $106.79 and its 200-day moving average price is $112.38. EOG Resources has a 52-week low of $101.59 and a 52-week high of $136.44.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the business posted $2.89 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is 40.64%.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EOG. First Trust Advisors LP grew its stake in EOG Resources by 64.1% in the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after acquiring an additional 1,456,928 shares during the period. Prudential Financial Inc. lifted its holdings in EOG Resources by 282.3% during the second quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock valued at $184,924,000 after purchasing an additional 1,141,680 shares in the last quarter. Capital World Investors grew its position in shares of EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after purchasing an additional 782,426 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of EOG Resources during the third quarter worth about $87,193,000. Finally, TD Asset Management Inc raised its position in shares of EOG Resources by 288.1% during the 3rd quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock worth $100,065,000 after purchasing an additional 662,539 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.