EOG Resources, Inc. (NYSE:EOG) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, EOG is expected to report 3Q20 income of $ 0.19 per share from revenue of $ 2574.02 million.
For the full year, analysts anticipate top line of $ 11446.50 million, while looking forward to income of $ 0.78 per share bottom line.
Previous Quarter Performance
EOG Resources, Inc. posted loss for the second quarter of $ 0.23 per share, from the revenue of $ 1,103.00 million. The quarterly revenues declined 76.52 percent compared with the same quarter last year. Wall street analysts are predicting, EOG to report 2Q20 loss of $ 0.05 per share from revenue of $ 2431.30 million. The bottom line results missed street analysts by $ 0.18 or 360 percent, at the same time, top line results fell short of analysts by $ 1 million or 54.63 percent.
Stock Performance
Shares of EOG Resources, Inc. traded up $ 1.02 or 2.91 percent on Wednesday, reaching $ 36.04 with volume of 6.03 million shares. EOG Resources, Inc. has traded high as $ 36.89 and has cracked $ 34.22 on the downward trend
The closing price of $ 36.04, representing a 29.70 % increase from the 52 week low of $ 27.00 and a 60.89 % decrease over the 52 week high of $ 89.54.
The company has a market capital of $ 20.98 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Bank of America at Neutral rating, with $ 64.00 target price.
EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The companys principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the Peoples Republic of China, and Canada. As of December 31, 2018, it had total estimated net proved reserves of 2,928 million barrels of oil equivalent, including 1,532 million barrels (MMBbl) crude oil and condensate reserves; 614 MMBbl of natural gas liquid reserves; and 4,687 billion cubic feet of natural gas reserves.
