EOG Resources (NYSE:EOG) received a $115.00 target price from Cowen in a note issued to investors on Thursday. The firm presently has a “hold” rating on the energy exploration company’s stock. Cowen’s target price would suggest a potential upside of 0.55% from the stock’s previous close.
A number of other analysts have also recently commented on the stock. Credit Suisse Group initiated coverage on shares of EOG Resources in a report on Monday, December 11th. They set a “neutral” rating and a $106.00 target price for the company. Zacks Investment Research cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Robert W. Baird reduced their target price on shares of EOG Resources from $115.00 to $114.00 and set an “outperform” rating for the company in a report on Monday, December 18th. Barclays upped their target price on shares of EOG Resources from $101.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Finally, Morgan Stanley set a $116.00 target price on shares of EOG Resources and gave the company a “buy” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $114.52.
Shares of EOG Resources (NYSE:EOG) opened at $114.37 on Thursday. EOG Resources has a twelve month low of $81.99 and a twelve month high of $116.47. The company has a market cap of $66,130.00, a P/E ratio of 11,437.00, a price-to-earnings-growth ratio of 4.59 and a beta of 0.98. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the company earned ($0.40) earnings per share. The firm’s revenue was up 24.8% on a year-over-year basis. equities research analysts predict that EOG Resources will post 0.91 EPS for the current year.
In related news, President Gary L. Thomas sold 40,000 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the completion of the transaction, the president now owns 1,006,461 shares in the company, valued at $113,669,705.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Timothy K. Driggers sold 8,871 shares of the company’s 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 transaction, the chief financial officer now owns 185,157 shares of the company’s stock, valued at approximately $19,524,805.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,048 shares of company stock valued at $8,173,973. 0.53% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in EOG. Schroder Investment Management Group lifted its position in EOG Resources by 13.2% during the second quarter. Schroder Investment Management Group now owns 12,110 shares of the energy exploration company’s stock valued at $1,090,000 after purchasing an additional 1,415 shares during the last quarter. BT Investment Management Ltd bought a new position in EOG Resources during the second quarter valued at $699,000. Thrivent Financial For Lutherans lifted its position in EOG Resources by 3.0% during the second quarter. Thrivent Financial For Lutherans now owns 21,935 shares of the energy exploration company’s stock valued at $1,985,000 after purchasing an additional 640 shares during the last quarter. D.A. Davidson & CO. lifted its position in EOG Resources by 2.5% during the second quarter. D.A. Davidson & CO. now owns 8,726 shares of the energy exploration company’s stock valued at $789,000 after purchasing an additional 215 shares during the last quarter. Finally, Northern Trust Corp lifted its position in EOG Resources by 8.7% during the second quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock valued at $724,272,000 after purchasing an additional 638,183 shares during the last quarter. Institutional investors and hedge funds own 85.28% 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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