Morgan Stanley Boosts EOG Resources (EOG) Price Target to $133.00

EOG Resources (NYSE:EOG) had its price objective hoisted by Morgan Stanley from $132.00 to $133.00 in a report issued on Monday. They currently have a hold rating on the energy exploration company’s stock.

Several other research firms have also recently commented on EOG. Stephens set a $122.00 price target on shares of EOG Resources and gave the company a hold rating in a report on Wednesday, July 25th. Piper Jaffray Companies set a $138.00 price objective on shares of EOG Resources and gave the stock a buy rating in a report on Sunday, September 30th. Stifel Nicolaus set a $147.00 price objective on shares of EOG Resources and gave the stock a buy rating in a report on Friday, August 3rd. Zacks Investment Research cut shares of EOG Resources from a buy rating to a hold rating in a report on Tuesday, July 24th. Finally, Jefferies Financial Group set a $122.00 price objective on shares of EOG Resources and gave the stock a hold rating in a report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. EOG Resources has an average rating of Buy and an average price target of $139.13.

Shares of EOG Resources stock traded down $2.55 on Monday, hitting $106.60. 80,201 shares of the company traded hands, compared to its average volume of 3,792,393. The company has a quick ratio of 0.92, a current ratio of 1.09 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 stock has a market cap of $62.24 billion, a P/E ratio of 95.26, a P/E/G ratio of 1.27 and a beta of 1.16.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, November 2nd. The energy exploration company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.56 by $0.19. EOG Resources had a net margin of 30.90% and a return on equity of 16.79%. The business had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the previous year, the company posted $0.19 EPS. EOG Resources’s revenue was up 80.8% on a year-over-year basis. On average, equities research analysts expect that EOG Resources will post 5.96 earnings per share for the current fiscal year.

In other EOG Resources news, Director Charles R. Crisp sold 1,792 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total transaction of $209,305.60. Following the completion of the transaction, the director now owns 49,741 shares of the company’s stock, valued at approximately $5,809,748.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David W. Trice sold 2,489 shares of the business’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $127.44, for a total transaction of $317,198.16. Following the transaction, the executive vice president now directly owns 74,807 shares of the company’s stock, valued at approximately $9,533,404.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,346 shares of company stock valued at $7,508,977. Company insiders own 0.51% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in EOG. FMR LLC lifted its position in EOG Resources by 17.5% during the 2nd quarter. FMR LLC now owns 25,710,159 shares of the energy exploration company’s stock worth $3,199,115,000 after acquiring an additional 3,822,930 shares during the last quarter. Chevy Chase Trust Holdings Inc. acquired a new position in shares of EOG Resources during the second quarter valued at about $104,146,000. Fenimore Asset Management Inc. acquired a new position in shares of EOG Resources during the second quarter valued at about $86,564,000. Northside Capital Management LLC acquired a new position in shares of EOG Resources during the second quarter valued at about $79,851,000. Finally, Findlay Park Partners LLP raised its position in shares of EOG Resources by 45.1% during the second quarter. Findlay Park Partners LLP now owns 1,924,467 shares of the energy exploration company’s stock valued at $239,461,000 after buying an additional 597,717 shares during the last quarter. 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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