ValuEngine Downgrades EOG Resources (EOG) to Sell

ValuEngine cut shares of EOG Resources (NYSE:EOG) from a hold rating to a sell rating in a report issued on Friday.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of EOG Resources from a hold rating to a buy rating and set a $129.00 price target on the stock in a research note on Monday, January 15th. Credit Suisse Group began coverage on shares of EOG Resources in a report on Monday, December 11th. They issued a neutral rating and a $106.00 price objective for the company. Robert W. Baird dropped their price objective 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. Citigroup upgraded shares of EOG Resources from a neutral rating to a buy rating and set a $125.00 price objective for the company in a report on Wednesday, January 3rd. Finally, Argus raised their price objective on shares of EOG Resources to $133.00 and gave the company a buy rating in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $119.67.

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EOG opened at $101.93 on Friday. EOG Resources has a 1-year low of $81.99 and a 1-year high of $119.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.20. The company has a market capitalization of $58,980.37, a PE ratio of 91.01, a P/E/G ratio of 3.11 and a beta of 1.05.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.30. EOG Resources had a net margin of 23.04% and a return on equity of 4.47%. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.03 billion. analysts expect that EOG Resources will post 4.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be issued a dividend of $0.185 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, April 13th. This represents a $0.74 annualized dividend and a yield of 0.73%. EOG Resources’s dividend payout ratio (DPR) is presently 59.82%.

In other EOG Resources news, EVP Michael P. Donaldson sold 15,322 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the completion of the transaction, the executive vice president now owns 59,917 shares in the company, valued at approximately $6,846,116.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Gary L. Thomas sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $112.94, for a total transaction of $4,517,600.00. Following the transaction, the president now owns 1,006,461 shares of the company’s stock, valued at approximately $113,669,705.34. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC increased its stake in shares of EOG Resources by 178.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock valued at $108,000 after acquiring an additional 712 shares in the last quarter. Banco de Sabadell S.A bought a new stake in shares of EOG Resources in the 4th quarter valued at $109,000. Clearbridge Investments LLC increased its stake in shares of EOG Resources by 106.6% in the 4th quarter. Clearbridge Investments LLC now owns 1,101 shares of the energy exploration company’s stock valued at $119,000 after acquiring an additional 568 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of EOG Resources in the 4th quarter valued at $123,000. Finally, Cerebellum GP LLC bought a new stake in shares of EOG Resources in the 4th quarter valued at $125,000. Institutional investors own 85.67% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for EOG Resources (NYSE:EOG)

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