ValuEngine upgraded shares of EOG Resources, Inc. (NYSE:EOG) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.
Several other equities research analysts have also issued reports on EOG. Wells Fargo & Company upgraded EOG Resources from a market perform rating to an outperform rating and set a $110.00 price target for the company in a report on Wednesday, May 10th. Raymond James Financial, Inc. upgraded EOG Resources from a market perform rating to an outperform rating and set a $110.00 price target for the company in a report on Wednesday, May 10th. Barclays PLC lifted their price target on EOG Resources from $111.00 to $113.00 and gave the company an overweight rating in a report on Wednesday, May 10th. William Blair reiterated an outperform rating and set a $115.00 price target (down from $125.00) on shares of EOG Resources in a report on Thursday, May 11th. Finally, Bank of America Corporation reiterated a neutral rating and set a $115.00 price target (down from $125.00) on shares of EOG Resources in a report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $108.48.
Shares of EOG Resources (NYSE:EOG) opened at 86.78 on Thursday. The company’s 50-day moving average is $88.48 and its 200-day moving average is $92.05. EOG Resources has a 52-week low of $81.99 and a 52-week high of $109.37. The firm’s market cap is $50.11 billion.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The firm’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.38) earnings per share. Equities research analysts forecast that EOG Resources will post $0.61 earnings per share for the current fiscal year.
In other news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $88.22, for a total transaction of $352,880.00. Following the sale, the executive vice president now directly owns 70,987 shares in the company, valued at $6,262,473.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.
Large investors have recently made changes to their positions in the business. Israel Discount Bank of New York bought a new stake in EOG Resources in the first quarter valued at $556,000. Morse Asset Management Inc bought a new stake in EOG Resources in the first quarter valued at $5,899,000. Arosa Capital Management LP bought a new stake in EOG Resources in the first quarter valued at $13,828,000. Schwab Charles Investment Management Inc. grew its position in EOG Resources by 1.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,810,291 shares of the energy exploration company’s stock valued at $176,594,000 after acquiring an additional 31,630 shares during the period. Finally, Usca Ria LLC grew its position in EOG Resources by 232.2% in the second quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock valued at $1,417,000 after acquiring an additional 10,939 shares during the period. Hedge funds and other institutional investors own 85.48% of the company’s stock.
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.
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