EOG Resources (NYSE:EOG) had its price objective upped by Wells Fargo & Co from $94.00 to $96.00 in a research note issued on Thursday, January 9th, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the energy exploration company’s stock. Wells Fargo & Co‘s price target points to a potential upside of 9.14% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the stock. Johnson Rice upgraded shares of EOG Resources from a “hold” rating to an “accumulate” rating in a research report on Tuesday, November 19th. SunTrust Banks upped their price objective on EOG Resources to $80.00 and gave the stock a “hold” rating in a report on Friday, November 8th. They noted that the move was a valuation call. Raymond James cut their target price on shares of EOG Resources from $105.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Barclays decreased their price target on shares of EOG Resources from $132.00 to $111.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Finally, KeyCorp dropped their price objective on shares of EOG Resources from $110.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $103.63.
Shares of EOG traded up $1.00 during midday trading on Thursday, reaching $87.96. The company had a trading volume of 153,755 shares, compared to its average volume of 3,942,400. EOG Resources has a 1-year low of $64.33 and a 1-year high of $107.89. The stock has a market cap of $50.22 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.68 and a beta of 1.42. The firm has a 50 day simple moving average of $79.98 and a 200-day simple moving average of $78.07. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.20.
EOG Resources (NYSE:EOG) last issued its earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.13. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.38 billion. EOG Resources had a return on equity of 13.94% and a net margin of 16.96%. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same period last year, the company earned $1.75 EPS. As a group, sell-side analysts anticipate that EOG Resources will post 4.76 earnings per share for the current fiscal year.
In other news, Director Charles R. Crisp sold 420 shares of EOG Resources stock in a transaction on Friday, January 10th. The stock was sold at an average price of $86.49, for a total value of $36,325.80. Following the completion of the sale, the director now directly owns 50,296 shares of the company’s stock, valued at $4,350,101.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of EOG Resources by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 45,641,750 shares of the energy exploration company’s stock worth $4,251,986,000 after acquiring an additional 473,441 shares during the period. BlackRock Inc. boosted its stake in shares of EOG Resources by 3.5% in the second quarter. BlackRock Inc. now owns 35,712,596 shares of the energy exploration company’s stock valued at $3,326,986,000 after purchasing an additional 1,201,811 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of EOG Resources by 100.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock valued at $1,141,521,000 after purchasing an additional 6,128,570 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of EOG Resources by 32,106.0% in the second quarter. Nuveen Asset Management LLC now owns 8,219,605 shares of the energy exploration company’s stock valued at $765,738,000 after purchasing an additional 8,194,083 shares during the period. Finally, Findlay Park Partners LLP boosted its stake in shares of EOG Resources by 23.3% in the third quarter. Findlay Park Partners LLP now owns 4,311,240 shares of the energy exploration company’s stock valued at $319,980,000 after purchasing an additional 815,455 shares during the period. 85.66% of the stock is owned by institutional investors and hedge funds.
About EOG Resources
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 People's Republic of China, and Canada.
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