Investing.com – EOG Resources (NYSE:) reported on Thursday fourth quarter that beat analysts’ forecasts and revenue that fell short of expectations.
EOG Resources announced earnings per share of $1.35 on revenue of $4.32B. Analysts polled by Investing.com anticipated EPS of $1.16 on revenue of $4.36B. That with comparison to EPS of $1.24 on revenue of $4.57B in the same period a year before. EOG Resources had reported EPS of $1.13 on revenue of $4.3B in the previous quarter. Analysts are expecting EPS of $1.21 and revenue of $4.49B in the upcoming quarter.
EOG Resources shares are down 28.37% from the beginning of the year , still down 44.39% from its 52 week high of $107.89 set on April 23, 2019. They are under-performing the which is down 8.2% year to date.
EOG Resources follows other major Energy sector earnings this month
EOG Resources’s report follows an earnings missed by Exxon Mobil on January 31, who reported EPS of $0.41 on revenue of $67.17B, compared to forecasts EPS of $0.43 on revenue of $64.58B.
Chevron had missed expectations on January 31 with fourth quarter EPS of $1.24 on revenue of $36.35B, compared to forecast for EPS of $1.46 on revenue of $38.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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