EOG Resources (NYSE:EOG) Price Target Increased to $155.00 by Analysts at Susquehanna

EOG Resources (NYSE:EOG) had its price target boosted by Susquehanna from $147.00 to $155.00 in a research note released on Monday, Benzinga reports. Susquehanna currently has a positive rating on the energy exploration company’s stock.

Other analysts have also issued research reports about the stock. Morgan Stanley lifted their target price on shares of EOG Resources from $132.00 to $133.00 and gave the company an equal weight rating in a research report on Monday, April 15th. Citigroup lifted their target price on shares of EOG Resources from $120.00 to $124.00 and gave the company a neutral rating in a research report on Monday, March 18th. Bank of America lowered shares of EOG Resources from a buy rating to a neutral rating and dropped their target price for the company from $147.00 to $140.00 in a research report on Friday, January 5th. Royal Bank of Canada reiterated a sector perform rating and issued a $145.00 target price on shares of EOG Resources in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus decreased their price target on shares of EOG Resources from $163.00 to $153.00 and set a buy rating on the stock in a research note on Friday, March 22nd. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources presently has an average rating of Moderate Buy and a consensus target price of $142.19.

EOG Resources Stock Up 0.6 %

EOG stock opened at $135.60 on Monday. The firm has a market cap of $78.00 billion, a PE ratio of 10.42 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The firm’s fifty day moving average is $124.83 and its 200 day moving average is $122.36. EOG Resources has a one year low of $106.32 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the business earned $3.30 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, research analysts forecast that EOG Resources will post 12.15 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Institutional Investors Weigh In On EOG Resources

Institutional investors have recently made changes to their positions in the stock. McIlrath & Eck LLC increased its position in shares of EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 104 shares during the last quarter. Peoples Bank KS acquired a new stake in shares of EOG Resources during the third quarter valued at about $31,000. Exchange Traded Concepts LLC increased its position in shares of EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 212 shares during the last quarter. Sachetta LLC acquired a new stake in shares of EOG Resources during the fourth quarter valued at about $33,000. Finally, Norwood Financial Corp acquired a new position in shares of EOG Resources in the first quarter valued at approximately $37,000. 89.91% of the stock is currently 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, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.