EOG Resources (NYSE:EOG) Price Target Raised to $139.00

EOG Resources (NYSE:EOG) had its target price increased by analysts at The Goldman Sachs Group from $135.00 to $139.00 in a research note issued on Tuesday,MarketScreener reports. The firm presently has a “neutral” rating on the energy exploration company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 4.89% from the company’s current price.

Several other research analysts also recently weighed in on the company. Stephens lowered their target price on EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. DA Davidson upped their price target on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Jefferies Financial Group increased their price target on EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Roth Mkm reissued a “neutral” rating and issued a $136.00 price objective on shares of EOG Resources in a research note on Wednesday, May 6th. Finally, Sanford C. Bernstein set a $155.00 price objective on shares of EOG Resources and gave the stock a “market perform” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.31.

EOG Resources Stock Performance

Shares of NYSE EOG traded down $0.79 during trading hours on Tuesday, reaching $132.53. The stock had a trading volume of 342,409 shares, compared to its average volume of 4,932,812. The firm has a market cap of $70.59 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 1.61 and a beta of 0.27. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The firm has a 50-day moving average of $136.06 and a 200-day moving average of $118.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm posted $2.87 EPS. Equities research analysts predict that EOG Resources will post 14.81 earnings per share for the current year.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,230 shares of company stock worth $2,522,568 in the last three months. 0.14% of the stock is owned by corporate insiders.

Institutional Trading of EOG Resources

Several large investors have recently modified their holdings of EOG. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources in the fourth quarter worth $25,000. SJS Investment Consulting Inc. raised its stake in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc acquired a new position in EOG Resources in the 4th quarter valued at about $26,000. Nemes Rush Group LLC purchased a new position in EOG Resources in the 4th quarter valued at about $30,000. Finally, Financial Life Planners acquired a new stake in shares of EOG Resources during the 1st quarter worth about $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.