EOG Resources (NYSE:EOG) had its target price cut by stock analysts at Robert W. Baird from $115.00 to $114.00 in a research note issued on Monday, December 18th, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the energy exploration company’s stock. Robert W. Baird’s target price indicates a potential downside of 1.47% from the company’s previous close.
Other analysts also recently issued reports about the stock. Royal Bank of Canada set a $107.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a research report on Tuesday, October 10th. Stifel Nicolaus set a $106.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research report on Thursday, October 5th. Jefferies Group raised their price target on shares of EOG Resources from $95.00 to $99.00 and gave the company a “hold” rating in a report on Tuesday, November 7th. Barclays raised their price target on shares of EOG Resources from $117.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Finally, Imperial Capital began coverage on shares of EOG Resources in a report on Thursday, September 28th. They set an “outperform” rating and a $115.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $114.38.
EOG Resources (NYSE EOG) traded up $0.56 during trading hours on Monday, hitting $115.70. 2,025,262 shares of the stock were exchanged, compared to its average volume of 2,500,000. The stock has a market cap of $66,900.00, a P/E ratio of 11,570.00, a PEG ratio of 4.91 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 has a 12-month low of $81.99 and a 12-month high of $116.47.
EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.40) EPS. analysts expect that EOG Resources will post 0.89 EPS for the current fiscal year.
In other news, CFO Timothy K. Driggers sold 8,871 shares of EOG Resources stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $105.45, for a total transaction of $935,446.95. Following the completion of the sale, the chief financial officer now directly owns 185,157 shares in the company, valued at $19,524,805.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Gary L. Thomas sold 2,000 shares of EOG Resources stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $107.95, for a total value of $215,900.00. Following the completion of the sale, the president now owns 1,046,430 shares of the company’s stock, valued at $112,962,118.50. The disclosure for this sale can be found here. Insiders have sold 189,048 shares of company stock valued at $8,189,473 over the last ninety days. 0.53% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Baker Ellis Asset Management LLC bought a new position in EOG Resources in the third quarter worth about $101,000. Chicago Partners Investment Group LLC raised its holdings in EOG Resources by 178.0% in the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after purchasing an additional 712 shares in the last quarter. Fis Group Inc. bought a new position in EOG Resources in the third quarter worth about $130,000. First Personal Financial Services raised its holdings in EOG Resources by 53.6% in the second quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock worth $124,000 after purchasing an additional 479 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. bought a new position in EOG Resources in the second quarter worth about $143,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.
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About EOG Resources
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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