EOG Resources, Inc. (NYSE:EOG) received a $114.00 price target from research analysts at Robert W. Baird in a note issued to investors on Friday. The firm presently has a “buy” rating on the energy exploration company’s stock. Robert W. Baird’s price target points to a potential upside of 12.16% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on EOG. Citigroup Inc. cut shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price target for the company from $112.00 to $98.00 in a research note on Friday, July 21st. Zacks Investment Research cut shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. BidaskClub raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Scotiabank reaffirmed a “hold” rating and set a $100.00 target price on shares of EOG Resources in a research note on Thursday, August 3rd. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $101.00 target price (up previously from $94.00) on shares of EOG Resources in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $108.79.
EOG Resources (NYSE EOG) traded up $0.21 during trading on Friday, reaching $101.64. 2,594,277 shares of the company were exchanged, compared to its average volume of 2,982,204. EOG Resources has a 1 year low of $81.99 and a 1 year high of $109.37. The firm has a market cap of $58,770.18, a PE ratio of 247.90, a P/E/G ratio of 14.55 and a beta of 0.99. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46.
EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the company earned ($0.40) EPS. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. sell-side analysts predict that EOG Resources will post 0.78 EPS for the current fiscal year.
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In other EOG Resources news, EVP David W. Trice sold 3,114 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $106.65, for a total transaction of $332,108.10. Following the sale, the executive vice president now directly owns 80,415 shares in the company, valued at $8,576,259.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 3,411 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.03, for a total transaction of $330,969.33. Following the sale, the director now owns 53,196 shares in the company, valued at $5,161,607.88. The disclosure for this sale can be found here. Insiders have sold 153,692 shares of company stock worth $3,717,390 over the last quarter. Insiders own 0.53% of the company’s stock.
Large investors have recently modified their holdings of the business. IHT Wealth Management LLC increased its stake in EOG Resources by 4.1% during the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after purchasing an additional 41 shares during the period. Baker Ellis Asset Management LLC purchased a new stake in EOG Resources during the third quarter worth about $101,000. Winfield Associates Inc. increased its stake in EOG Resources by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after purchasing an additional 19 shares during the period. First Personal Financial Services increased its stake in EOG Resources by 53.6% during the second quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock worth $124,000 after purchasing an additional 479 shares during the period. Finally, Fis Group Inc. purchased a new stake in EOG Resources during the third quarter worth about $130,000. Institutional investors own 85.36% of the company’s stock.
EOG Resources Company Profile
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.
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