Investing.com - EOG Resources (NYSE:EOG) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
EOG Resources announced earnings per share of $0.55 on revenue of $4.72B. Analysts polled by Investing.com anticipated EPS of $0.69 on revenue of $3.94B. That with comparison to EPS of $1.19 on revenue of $4.06B in the same period a year before. EOG Resources had reported EPS of $1.35 on revenue of $4.32B in the previous quarter. Analysts are expecting EPS of $0.04 and revenue of $3.26B in the upcoming quarter.
EOG Resources shares are down 42.32% from the beginning of the year , still down 49.81% from its 52 week high of $96.25 set on May 16, 2019. They are under-performing the S&P 500 which is down 11.2% year to date.
EOG Resources shares lost 5.92% in after-hours trade following the report.
EOG Resources follows other major Energy sector earnings this month
EOG Resources's report follows an earnings beat by Exxon Mobil on May 1, who reported EPS of $0.53 on revenue of $56.16B, compared to forecasts EPS of $0.01 on revenue of $53.53B.
Chevron had beat expectations on May 1 with first quarter EPS of $1.29 on revenue of $31.5B, compared to forecast for EPS of $0.65 on revenue of $29.14B.
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