EOG Resources, Inc. (NYSE:EOG) Receives $138.93 Average Price Target from Analysts

EOG Resources, Inc. (NYSE:EOG) has received a consensus rating of “Hold” from the thirty analysts that are covering the firm, Marketbeat reports. Seventeen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $138.9286.

Several brokerages have recently issued reports on EOG. KeyCorp dropped their target price on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. Wells Fargo & Company lowered their price objective on EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Sanford C. Bernstein reduced their target price on EOG Resources from $146.00 to $144.00 and set a “market perform” rating for the company in a report on Friday, November 21st. Jefferies Financial Group set a $145.00 price target on EOG Resources in a research note on Sunday, October 12th. Finally, Royal Bank Of Canada increased their price objective on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EOG. Saudi Central Bank purchased a new position in EOG Resources during the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its position 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 during the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of EOG Resources during the second quarter valued at $29,000. WPG Advisers LLC bought a new position in shares of EOG Resources in the first quarter worth about $36,000. Finally, ORG Partners LLC grew its holdings in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Down 0.3%

NYSE EOG opened at $103.52 on Monday. EOG Resources has a 12 month low of $101.59 and a 12 month high of $138.18. The stock has a market cap of $56.17 billion, a P/E ratio of 10.31, a P/E/G ratio of 7.86 and a beta of 0.49. The stock’s fifty day moving average price is $106.87 and its 200-day moving average price is $114.44. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

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

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

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.