EOG Resources (NYSE:EOG) has been given a $114.00 price target by Robert W. Baird in a research note issued to investors on Friday, November 17th. The firm presently has a “buy” rating on the energy exploration company’s stock. Robert W. Baird’s price objective indicates a potential upside of 12.82% from the company’s current price.
A number of other equities research analysts have also commented on EOG. Citigroup lowered EOG Resources from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $98.00 in a research report on Friday, July 21st. Zacks Investment Research downgraded EOG Resources from a “hold” rating to a “sell” rating in a report on Friday, July 21st. BidaskClub raised EOG Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Scotiabank reaffirmed a “hold” rating and set a $100.00 price objective on shares of EOG Resources in a report on Thursday, August 3rd. Finally, Barclays reaffirmed an “overweight” rating and set a $101.00 price objective (up previously from $94.00) on shares of EOG Resources in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $109.42.
Shares of EOG Resources (NYSE:EOG) opened at $101.05 on Friday. EOG Resources has a 12 month low of $81.99 and a 12 month high of $109.37. The firm has a market capitalization of $59,504.54, a P/E ratio of 251.00, a PEG ratio of 13.57 and a beta of 0.98. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.40) EPS. sell-side analysts predict that EOG Resources will post 0.84 earnings per share for the current year.
In other EOG Resources news, Director Charles R. Crisp sold 3,411 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $97.03, for a total transaction of $330,969.33. Following the completion of the sale, the director now directly owns 53,196 shares in the company, valued at $5,161,607.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David W. Trice sold 3,114 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $106.65, for a total transaction of $332,108.10. Following the sale, the executive vice president now owns 80,415 shares of the company’s stock, valued at $8,576,259.75. The disclosure for this sale can be found here. Insiders sold a total of 153,692 shares of company stock valued at $3,717,390 in the last 90 days. 0.53% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Capital Research Global Investors raised its position in shares of EOG Resources by 14.7% in the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock valued at $3,787,329,000 after buying an additional 5,368,941 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of EOG Resources by 64.9% in the second quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the energy exploration company’s stock valued at $479,202,000 after buying an additional 2,083,122 shares in the last quarter. Capital World Investors increased its stake in EOG Resources by 9.9% in the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock valued at $1,580,657,000 after acquiring an additional 1,568,085 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in EOG Resources by 49.2% in the second quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the energy exploration company’s stock valued at $399,039,000 after acquiring an additional 1,452,947 shares during the last quarter. Finally, Findlay Park Partners LLP bought a new position in EOG Resources in the second quarter valued at approximately $120,097,000. Hedge funds and other institutional investors own 86.20% of the company’s stock.
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EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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