EOG Resources, Inc. (NYSE:EOG) had its price target hoisted by Barclays PLC from $117.00 to $120.00 in a research note issued on Monday. The firm currently has an “overweight” rating on the energy exploration company’s stock. Barclays PLC’s target price points to a potential upside of 18.08% from the company’s previous close.
A number of other brokerages also recently commented on EOG. Zacks Investment Research upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Scotiabank reaffirmed a “hold” rating and issued a $100.00 price target on shares of EOG Resources in a research report on Thursday, August 3rd. BidaskClub cut shares of EOG Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $89.00 price target (down previously from $101.00) on shares of EOG Resources in a research report on Tuesday, August 29th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $95.00 price target on shares of EOG Resources in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $108.92.
Shares of EOG Resources (EOG) traded down $0.02 during mid-day trading on Monday, reaching $101.63. 779,651 shares of the company’s stock were exchanged, compared to its average volume of 3,122,039. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. The company has a market cap of $58,770.00, a P/E ratio of 247.90, a P/E/G ratio of 14.55 and a beta of 0.99. EOG Resources has a twelve month low of $81.99 and a twelve month high of $109.37.
EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.40) EPS. analysts expect that EOG Resources will post 0.78 earnings per share for the current fiscal year.
In other news, EVP Michael P. Donaldson sold 6,167 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $97.50, for a total value of $601,282.50. Following the sale, the executive vice president now owns 74,316 shares in the company, valued at $7,245,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the completion of the sale, the insider now owns 1,067,465 shares in the company, valued at approximately $103,149,142.95. The disclosure for this sale can be found here. Insiders sold 153,692 shares of company stock worth $3,717,390 in the last quarter. Company insiders own 0.53% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors increased its stake in shares of EOG Resources by 14.7% in the second quarter. Capital Research Global Investors now owns 41,839,695 shares of the energy exploration company’s stock worth $3,787,329,000 after acquiring an additional 5,368,941 shares during the period. Vanguard Group Inc. increased its stake in shares of EOG Resources by 2.6% in the second quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock worth $3,727,570,000 after acquiring an additional 1,058,276 shares during the period. Capital World Investors increased its stake in shares of EOG Resources by 9.9% in the second quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after acquiring an additional 1,568,085 shares during the period. Northern Trust Corp increased its stake in shares of EOG Resources by 8.7% in the second quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock worth $724,272,000 after acquiring an additional 638,183 shares during the period. Finally, Alliancebernstein L.P. grew its position in EOG Resources by 8.0% during the second quarter. Alliancebernstein L.P. now owns 6,914,602 shares of the energy exploration company’s stock valued at $625,910,000 after buying an additional 511,099 shares during the period. Hedge funds and other institutional investors own 84.70% 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.
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