EOG Resources (NYSE:EOG) had its price objective boosted by JPMorgan Chase & Co. from $118.00 to $120.00 in a report released on Friday morning. The firm currently has a neutral rating on the energy exploration company’s stock.
A number of other brokerages have also issued reports on EOG. Zacks Investment Research upgraded EOG Resources from a hold rating to a buy rating and set a $130.00 target price on the stock in a research report on Tuesday, October 23rd. Jefferies Financial Group set a $122.00 price objective on EOG Resources and gave the company a hold rating in a research note on Wednesday, July 18th. Morgan Stanley set a $132.00 price objective on EOG Resources and gave the company a hold rating in a research note on Friday, October 12th. Barclays initiated coverage on EOG Resources in a research note on Wednesday, August 29th. They issued an overweight rating and a $144.00 price objective for the company. Finally, Piper Jaffray Companies set a $156.00 price objective on EOG Resources and gave the company a buy rating in a research note on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $138.82.
EOG Resources stock traded up $3.79 during mid-day trading on Friday, hitting $106.14. The company had a trading volume of 129,166 shares, compared to its average volume of 3,552,557. The company has a current ratio of 1.09, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. EOG Resources has a 12-month low of $96.54 and a 12-month high of $133.53. The firm has a market cap of $59.35 billion, a PE ratio of 94.59, a P/E/G ratio of 1.13 and a beta of 1.16.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, November 2nd. The energy exploration company reported $1.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.19. EOG Resources had a return on equity of 16.79% and a net margin of 30.90%. The business had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the firm posted $0.19 EPS. The business’s quarterly revenue was up 80.8% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources will post 5.83 EPS for the current year.
In related news, Director Charles R. Crisp sold 1,792 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $116.80, for a total transaction of $209,305.60. Following the completion of the sale, the director now directly owns 49,741 shares of the company’s stock, valued at approximately $5,809,748.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William R. Thomas sold 57,065 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $122.36, for a total value of $6,982,473.40. Following the sale, the chief executive officer now directly owns 755,519 shares of the company’s stock, valued at $92,445,304.84. The disclosure for this sale can be found here. Insiders have sold a total of 61,346 shares of company stock valued at $7,508,977 over the last three months. Corporate insiders own 0.51% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Summit Global Investments boosted its holdings in EOG Resources by 574.0% during the 2nd quarter. Summit Global Investments now owns 35,384 shares of the energy exploration company’s stock valued at $4,403,000 after acquiring an additional 30,134 shares during the period. Pittenger & Anderson Inc. boosted its holdings in EOG Resources by 11.6% during the 2nd quarter. Pittenger & Anderson Inc. now owns 17,520 shares of the energy exploration company’s stock valued at $2,180,000 after acquiring an additional 1,815 shares during the period. Security National Bank boosted its holdings in EOG Resources by 2.3% during the 3rd quarter. Security National Bank now owns 28,860 shares of the energy exploration company’s stock valued at $3,682,000 after acquiring an additional 649 shares during the period. Icon Advisers Inc. Co. purchased a new position in EOG Resources during the 2nd quarter valued at about $12,530,000. Finally, Stephens Inc. AR boosted its holdings in EOG Resources by 6.4% during the 2nd quarter. Stephens Inc. AR now owns 53,020 shares of the energy exploration company’s stock valued at $6,597,000 after acquiring an additional 3,171 shares during the period. 86.24% of the stock is owned by hedge funds and other institutional investors.
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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