EOG Resources (NYSE:EOG) Given New $126.00 Price Target at BMO Capital Markets

EOG Resources (NYSE:EOG) had its price objective cut by BMO Capital Markets from $130.00 to $126.00 in a report released on Monday,MarketScreener reports. The firm presently has an “outperform” rating on the energy exploration company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 21.31% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Melius assumed coverage on EOG Resources in a research report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price on the stock. Siebert Williams Shank decreased their target price on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Barclays set a $136.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Sanford C. Bernstein reduced their price target on shares of EOG Resources from $146.00 to $144.00 and set a “market perform” rating on the stock in a research note on Friday, November 21st. Finally, Morgan Stanley increased their price objective on shares of EOG Resources from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $139.29.

EOG Resources Stock Performance

NYSE:EOG opened at $103.86 on Monday. The company’s 50-day moving average is $107.91 and its two-hundred day moving average is $115.02. EOG Resources has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The firm has a market capitalization of $56.36 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 8.17 and a beta of 0.49.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the company earned $2.89 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts forecast that EOG Resources will post 11.47 EPS for the current year.

Institutional Investors Weigh In On EOG Resources

A number of hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its stake in shares of EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Saudi Central Bank purchased a new stake in EOG Resources during the 1st quarter worth about $28,000. Raleigh Capital Management Inc. acquired a new position in shares of EOG Resources during the 2nd quarter worth about $29,000. JCIC Asset Management Inc. acquired a new position in shares of EOG Resources during the 3rd quarter worth about $32,000. Finally, ORG Partners LLC increased its holdings in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after acquiring an additional 88 shares during the last quarter. 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.