EOG Resources (NYSE:EOG) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

EOG Resources (NYSE:EOG) had its price target boosted by analysts at Jefferies Financial Group from $140.00 to $146.00 in a research note issued to investors on Monday,MarketScreener reports. The firm presently has a “buy” rating on the energy exploration company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 14.68% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $126.00 target price (down from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. Morgan Stanley set a $128.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Scotiabank set a $123.00 price objective on shares of EOG Resources and gave the company a “sector perform” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $134.81.

EOG Resources Trading Up 2.6%

Shares of NYSE EOG traded up $3.23 during midday trading on Monday, hitting $127.31. The company’s stock had a trading volume of 1,565,717 shares, compared to its average volume of 4,949,932. EOG Resources has a 12-month low of $101.59 and a 12-month high of $130.52. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The firm has a market cap of $68.30 billion, a P/E ratio of 13.99 and a beta of 0.49. The business’s 50 day moving average is $111.21 and its two-hundred day moving average is $111.69.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 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 company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the prior year, the company posted $2.74 EPS. EOG Resources’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities research analysts expect that EOG Resources will post 11.47 EPS for the current year.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer owned 61,481 shares of the company’s stock, valued at $7,685,125. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

Several large investors have recently bought and sold shares of the company. Arwa LLC purchased a new position in EOG Resources during the fourth quarter worth approximately $1,188,000. MidFirst Bank acquired a new stake in shares of EOG Resources in the 4th quarter worth $2,823,000. SG Trading Solutions LLC purchased a new position in shares of EOG Resources during the 4th quarter worth $630,000. Stone Wealth Partners acquired a new position in shares of EOG Resources during the 4th quarter valued at about $260,000. Finally, Sonoma Allocations LLC purchased a new stake in shares of EOG Resources in the fourth quarter valued at about $331,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

About EOG Resources

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.