Q3 EPS Estimates for EOG Resources Reduced by Zacks Research

by · The Markets Daily

EOG Resources, Inc. (NYSE:EOG – Free Report) – Investment analysts at Zacks Research lowered their Q3 2026 earnings per share estimates for shares of EOG Resources in a note issued to investors on Monday, September 21st. Zacks Research analyst Team now forecasts that the energy exploration company will earn $4.08 per share for the quarter, down from their previous forecast of $4.42. Zacks Research has a “Hold” rating on the stock. The consensus estimate for EOG Resources’ current full-year earnings is $16.89 per share. Zacks Research also issued estimates for EOG Resources’ Q4 2026 earnings at $3.81 EPS, FY2026 earnings at $16.37 EPS, Q1 2027 earnings at $3.67 EPS, Q3 2027 earnings at $3.27 EPS, FY2027 earnings at $13.54 EPS, Q1 2028 earnings at $2.80 EPS and FY2028 earnings at $12.57 EPS.

A number of other analysts have also weighed in on EOG. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $151.00 price objective (up from $127.00) on shares of EOG Resources in a research note on Monday, August 24th. Raymond James Financial reissued a “strong-buy” rating and set a $186.00 price objective (up from $183.00) on shares of EOG Resources in a report on Thursday, September 17th. Wall Street Zen cut EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Roth Capital reissued a “neutral” rating and issued a $138.00 price target on shares of EOG Resources in a research report on Wednesday, August 5th. Finally, Capital One Financial downgraded EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price objective on the stock. in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $158.11.

Check Out Our Latest Stock Analysis on EOG

EOG Resources Stock Down 1.2%

Shares of NYSE EOG opened at $139.64 on Wednesday. The stock has a 50 day moving average price of $144.53 and a 200 day moving average price of $139.21. The firm has a market capitalization of $73.25 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.52 and a beta of 0.26. EOG Resources has a 52-week low of $101.59 and a 52-week high of $154.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85.

EOG Resources (NYSE:EOG – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping the consensus estimate of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.32 EPS.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s dividend payout ratio is presently 31.75%.

Insiders Place Their Bets

In related news, EVP Michael Donaldson sold 7,336 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the transaction, the executive vice president owned 100,558 shares in the company, valued at $14,882,584. This trade represents a 6.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ezra Yacob sold 35,942 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC grew its stake in shares of EOG Resources by 14.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,193 shares of the energy exploration company’s stock worth $3,398,000 after purchasing an additional 3,373 shares during the period. National Pension Service raised its position in shares of EOG Resources by 0.5% in the second quarter. National Pension Service now owns 1,956,669 shares of the energy exploration company’s stock worth $253,839,000 after acquiring an additional 9,738 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of EOG Resources during the 2nd quarter worth about $587,000. Engineers Gate Manager LP purchased a new position in shares of EOG Resources in the 2nd quarter valued at about $1,300,000. Finally, Cidel Asset Management Inc. raised its holdings in EOG Resources by 3.6% in the 2nd quarter. Cidel Asset Management Inc. now owns 8,089 shares of the energy exploration company’s stock worth $1,049,000 after purchasing an additional 282 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting EOG Resources

Here are the key news stories impacting EOG Resources this week:

  • Neutral Sentiment: EOG Resources will discuss its third-quarter 2026 results during a conference call and webcast on November 6, 2026. The event provides investors with a forthcoming update on production, commodity prices, costs and capital allocation. EOG Resources Schedules Conference Call and Webcast
  • Neutral Sentiment: Brokerages maintain an average “Hold” rating on EOG Resources, suggesting analysts see limited near-term upside relative to the company’s valuation and current operating outlook. EOG Resources Receives Average Hold Rating
  • Negative Sentiment: Zacks Research lowered its EPS estimates across several periods, including Q3 2026 to $4.08 from $4.42, Q4 2026 to $3.81 from $3.88, and full-year 2026 to $16.37 from $16.78. It also cut full-year 2027 EPS to $13.54 from $14.03 and full-year 2028 EPS to $12.57 from $13.18. These revisions point to weaker expected earnings momentum and can weigh on the shares.
  • Negative Sentiment: Additional cuts included Q1 2027 EPS to $3.67 from $4.08, Q3 2027 to $3.27 from $3.35, Q1 2028 to $2.80 from $3.50, and Q2 2028 to $2.90 from $3.10. Although Zacks raised its Q4 2027 estimate to $3.61 from $3.33, the broader pattern of reductions is unfavorable.
  • Negative Sentiment: Chief Executive Officer Ezra Y. Yacob sold 11,908 EOG shares for approximately $1.8 million at $153.74 per share. The sale represented about 5% of his direct holdings and may add modest sentiment pressure, although insider transactions do not necessarily signal a change in the company’s fundamentals. EOG CEO Share Sale

EOG Resources Company Profile

(Get Free Report)

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.

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