BidaskClub downgraded shares of EOG Resources, Inc. (NYSE:EOG) from a hold rating to a sell rating in a research note published on Wednesday.
Several other analysts have also recently issued reports on the company. Jefferies Group LLC reiterated a hold rating and issued a $101.00 price objective on shares of EOG Resources in a research note on Wednesday. Scotiabank set a $102.00 price objective on EOG Resources and gave the company a hold rating in a research note on Friday, August 11th. Barclays PLC reiterated an overweight rating and issued a $101.00 price objective (up from $94.00) on shares of EOG Resources in a research note on Wednesday, August 9th. Zacks Investment Research upgraded EOG Resources from a sell rating to a hold rating in a research note on Monday, August 7th. Finally, BMO Capital Markets reiterated a buy rating and issued a $95.00 price objective on shares of EOG Resources in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $108.54.
EOG Resources (NYSE:EOG) opened at 84.09 on Wednesday. EOG Resources has a 12-month low of $83.29 and a 12-month high of $109.37. The stock’s market cap is $48.56 billion. The company’s 50-day moving average price is $90.89 and its 200-day moving average price is $93.54.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.02. The company had revenue of $2.61 billion during 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 revenue was up 47.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.38) earnings per share. On average, equities analysts expect that EOG Resources will post $0.61 EPS for the current fiscal year.
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In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $88.22, for a total transaction of $352,880.00. Following the transaction, the executive vice president now owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.53% of the company’s stock.
Large investors have recently made changes to their positions in the stock. IHT Wealth Management LLC raised its stake in shares of EOG Resources by 4.1% in the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after buying an additional 41 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of EOG Resources by 60.0% in the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock worth $104,000 after buying an additional 401 shares in the last quarter. Advantage Investment Management LLC raised its stake in shares of EOG Resources by 16.6% in the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock worth $105,000 after buying an additional 154 shares in the last quarter. Winfield Associates Inc. raised its stake in shares of EOG Resources by 5.3% in the first quarter. Winfield Associates Inc. now owns 1,132 shares of the energy exploration company’s stock worth $111,000 after buying an additional 57 shares in the last quarter. Finally, Exane Derivatives raised its stake in shares of EOG Resources by 19.8% in the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after buying an additional 192 shares in the last quarter. 83.25% of the stock is currently owned by institutional investors.
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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