Investing.com - EOG Resources (NYSE:EOG) reported on Thursday fourth quarter earnings 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 and are trading at $60.00 , down-from-52-week-high.They are under-performing the S&P 500 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 Friday, January 31, 2020, 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 Friday, January 31, 2020 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.
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