Valued at a market cap of $64.2 billion, EOG Resources, Inc. (EOG) is a leading independent oil and gas exploration and production company. The Houston, Texas-based company develops, produces, and markets crude oil, natural gas liquids, and natural gas. It is scheduled to announce its fiscal Q2 earnings for 2025 after the market closes on Thursday, Aug. 7.
Before this event, analysts project this energy company to report a profit of $2.18 per share, down 31% from $3.16 per share in the year-ago quarter. The company has surpassed Wall Street’s bottom-line estimates in each of the last four quarters. Its earnings of $2.87 per share in the previous quarter outpaced the consensus estimates by 4.7%.
For the full year, analysts expect EOG to report EPS of $9.81, down 15.6% from $11.62 in fiscal 2024. Nonetheless, its EPS is expected to grow by 11.9% year-over-year to $10.98 in fiscal 2026.
Shares of EOG have declined 11% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 13.6% uptick and the Energy Select Sector SPDR Fund’s (XLE) 8% drop over the same time frame.
On May 1, EOG Resources delivered mixed Q1 results, and its shares closed down marginally in the following trading session. The company’s revenue declined 7.4% year-over-year to $5.7 billion, missing consensus estimates by 2.7%. Nonetheless, despite the fall in revenue, its adjusted EPS of $2.87 increased 1.8% from the same period last year, topping Wall Street expectations by 4.7%.
Wall Street analysts are moderately optimistic about EOG’s stock, with an overall "Moderate Buy" rating. Among 29 analysts covering the stock, 12 recommend "Strong Buy," two indicate "Moderate Buy,” and 15 suggest "Hold.” The mean price target for EOG is $139.03, implying an 18.1% premium from the current levels.
On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
