EOG Resources (NYSE:EOG)‘s stock had its “buy” rating reaffirmed by equities research analysts at BMO Capital Markets in a note issued to investors on Thursday. They currently have a $140.00 target price on the energy exploration company’s stock. BMO Capital Markets’ price target suggests a potential upside of 14.59% from the stock’s current price.
Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Piper Jaffray Companies reissued a “buy” rating and issued a $143.00 price target on shares of EOG Resources in a research report on Friday, July 20th. Stifel Nicolaus lowered shares of EOG Resources to a “hold” rating and set a $148.00 price target on the stock. in a research report on Thursday, July 19th. Morgan Stanley lowered their price target on shares of EOG Resources from $128.00 to $122.00 and set a “hold” rating on the stock in a research report on Thursday, August 16th. Finally, Cowen set a $125.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research report on Thursday, July 19th. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. EOG Resources has an average rating of “Buy” and a consensus target price of $137.48.
EOG opened at $122.18 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market capitalization of $73.89 billion, a price-to-earnings ratio of 109.09, a P/E/G ratio of 1.87 and a beta of 1.00. EOG Resources has a twelve month low of $95.36 and a twelve month high of $133.53.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 2nd. The energy exploration company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.13. EOG Resources had a net margin of 27.81% and a return on equity of 12.38%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 62.2% compared to the same quarter last year. As a group, research analysts anticipate that EOG Resources will post 5.68 earnings per share for the current fiscal year.
In related news, EVP David W. Trice sold 2,489 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $127.44, for a total transaction of $317,198.16. Following the sale, the executive vice president now owns 74,807 shares of the company’s stock, valued at approximately $9,533,404.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 1,792 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total transaction of $209,305.60. Following the sale, the director now directly owns 49,741 shares in the company, valued at approximately $5,809,748.80. The disclosure for this sale can be found here. Insiders have sold a total of 61,346 shares of company stock worth $7,508,977 in the last ninety days. 0.51% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Neville Rodie & Shaw Inc. purchased a new position in EOG Resources in the 2nd quarter worth approximately $1,231,000. Pittenger & Anderson Inc. grew its stake in EOG Resources by 11.6% in the 2nd quarter. Pittenger & Anderson Inc. now owns 17,520 shares of the energy exploration company’s stock worth $2,180,000 after buying an additional 1,815 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in EOG Resources by 5.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,666 shares of the energy exploration company’s stock worth $1,576,000 after buying an additional 692 shares in the last quarter. Icon Advisers Inc. Co. purchased a new position in EOG Resources in the 2nd quarter worth approximately $12,530,000. Finally, Summit Global Investments grew its stake in EOG Resources by 574.0% in the 2nd quarter. Summit Global Investments now owns 35,384 shares of the energy exploration company’s stock worth $4,403,000 after buying an additional 30,134 shares in the last quarter. 86.16% of the stock is owned by institutional investors and hedge funds.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's 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 United Kingdom, the People's Republic of China, and Canada.
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