Shares of EOG Resources Inc (NYSE:EOG) have been given a consensus recommendation of “Buy” by the twenty-five brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $122.25.
Several analysts recently weighed in on EOG shares. Zacks Investment Research cut EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, April 9th. Credit Suisse Group set a $126.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. TheStreet upgraded shares of EOG Resources from a “c” rating to a “b” rating in a research report on Tuesday, February 27th. Piper Jaffray Companies set a $122.00 target price on shares of EOG Resources and gave the company a “buy” rating in a research report on Wednesday, March 14th. Finally, Morgan Stanley decreased their target price on shares of EOG Resources from $142.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th.
EOG Resources traded up $0.31, reaching $126.10, during trading hours on Friday, according to Marketbeat.com. The company’s stock had a trading volume of 310,372 shares, compared to its average volume of 3,731,990. The stock has a market cap of $72.81 billion, a price-to-earnings ratio of 112.59, a PEG ratio of 3.43 and a beta of 1.05. EOG Resources has a fifty-two week low of $81.99 and a fifty-two week high of $126.48. The company has a current ratio of 1.26, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 3rd. The energy exploration company reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.39. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.51 billion. EOG Resources had a net margin of 26.00% and a return on equity of 8.19%. The firm’s revenue was up 41.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. research analysts expect that EOG Resources will post 4.8 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Saturday, July 7th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Monday, July 16th. This represents a $0.74 dividend on an annualized basis and a yield of 0.59%. EOG Resources’s dividend payout ratio is currently 66.07%.
In other EOG Resources news, CAO Ann D. Janssen sold 1,258 shares of the company’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $126.35, for a total value of $158,948.30. Following the transaction, the chief accounting officer now directly owns 53,828 shares in the company, valued at approximately $6,801,167.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank G. Wisner sold 890 shares of the company’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $115.81, for a total transaction of $103,070.90. Following the completion of the transaction, the director now owns 118,700 shares in the company, valued at $13,746,647. The disclosure for this sale can be found here. Insiders sold a total of 67,453 shares of company stock worth $8,423,028 over the last 90 days. Insiders own 0.51% of the company’s stock.
A number of hedge funds have recently modified their holdings of EOG. Banco de Sabadell S.A purchased a new position in shares of EOG Resources in the 4th quarter valued at about $109,000. Optimum Investment Advisors acquired a new stake in EOG Resources in the first quarter valued at approximately $109,000. Clearbridge Investments LLC boosted its stake in EOG Resources by 106.6% in the fourth 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 acquired a new stake in EOG Resources in the fourth quarter valued at approximately $123,000. Finally, Cerebellum GP LLC acquired a new stake in EOG Resources in the fourth quarter valued at approximately $125,000. Institutional investors and hedge funds own 85.28% of the company’s stock.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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