Susquehanna Cuts EOG Resources (NYSE:EOG) Price Target to $144.00

EOG Resources (NYSE:EOG) had its target price dropped by stock analysts at Susquehanna from $151.00 to $144.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm currently has a “positive” rating on the energy exploration company’s stock. Susquehanna’s target price suggests a potential upside of 18.77% from the stock’s current price.

Several other equities research analysts also recently commented on EOG. Capital One Financial reduced their target price on EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Zacks Research lowered shares of EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Citigroup restated a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of EOG Resources in a report on Wednesday, December 17th. Morgan Stanley set a $128.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. increased their target price on EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $134.59.

EOG Resources Stock Up 0.1%

NYSE:EOG traded up $0.11 during trading hours on Thursday, hitting $121.24. The stock had a trading volume of 281,761 shares, compared to its average volume of 4,895,149. The business has a 50 day simple moving average of $110.76 and a two-hundred day simple moving average of $111.74. EOG Resources has a 1-year low of $101.59 and a 1-year high of $130.52. The company has a current ratio of 1.63, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The company has a market cap of $65.78 billion, a PE ratio of 13.38 and a beta of 0.49.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period in the prior year, the company posted $2.74 EPS. The business’s revenue was up .9% compared to the same quarter last year. Analysts predict that EOG Resources will post 11.47 EPS for the current year.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This trade represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors have recently modified their holdings of EOG. Capital World Investors raised its holdings in EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares during the period. Vanguard Group Inc. grew its position in shares of EOG Resources by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after purchasing an additional 446,341 shares during the last quarter. State Street Corp increased its stake in shares of EOG Resources by 0.3% in the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after purchasing an additional 100,080 shares during the period. Capital Research Global Investors lifted its position in shares of EOG Resources by 0.5% during the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after purchasing an additional 122,486 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in EOG Resources by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after purchasing an additional 371,548 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.