EOG Resources Inc. (EOG) Receives “Overweight” Rating from Barclays PLC
Several other equities analysts have also recently weighed in on the company. Credit Suisse Group AG reiterated a hold rating on shares of EOG Resources in a research report on Thursday, June 2nd. Royal Bank Of Canada lifted their price target on EOG Resources from $95.00 to $98.00 and gave the company a sector perform rating in a research report on Wednesday, September 7th. Credit Agricole SA lifted their price target on EOG Resources from $93.00 to $98.00 and gave the company an underperform rating in a research report on Wednesday, September 7th. FBR & Co began coverage on EOG Resources in a research report on Tuesday, September 13th. They issued an outperform rating and a $108.00 price target for the company. Finally, Zacks Investment Research upgraded EOG Resources from a hold rating to a buy rating and set a $91.00 price target for the company in a research report on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. EOG Resources has an average rating of Hold and an average target price of $91.96.
EOG Resources (NYSE:EOG) opened at 96.71 on Friday. The firm has a 50-day moving average price of $91.35 and a 200 day moving average price of $83.17. The company’s market capitalization is $53.25 billion. EOG Resources has a 52-week low of $57.15 and a 52-week high of $97.20.
EOG Resources (NYSE:EOG) last issued its earnings results on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.10. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.57 billion. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The business’s revenue was down 28.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. On average, analysts predict that EOG Resources will post ($1.67) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be issued a $0.1675 dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $0.67 dividend on an annualized basis and a yield of 0.69%. EOG Resources’s dividend payout ratio is currently -7.14%.
In related news, VP Ann D. Janssen sold 1,310 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $94.13, for a total value of $123,310.30. Following the transaction, the vice president now directly owns 54,073 shares of the company’s stock, valued at approximately $5,089,891.49. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Lloyd W. Helms, Jr. sold 4,875 shares of the firm’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $81.82, for a total value of $398,872.50. Following the completion of the transaction, the executive vice president now directly owns 59,032 shares in the company, valued at $4,829,998.24. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in EOG. Tortoise Investment Management LLC acquired a new stake in EOG Resources during the second quarter worth approximately $100,000. Lenox Wealth Management Inc. boosted its stake in EOG Resources by 53.6% in the second quarter. Lenox Wealth Management Inc. now owns 1,465 shares of the energy exploration company’s stock worth $122,000 after buying an additional 511 shares in the last quarter. Pinkerton Retirement Specialists LLC boosted its stake in EOG Resources by 819.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,489 shares of the energy exploration company’s stock worth $124,000 after buying an additional 1,327 shares in the last quarter. Citizens Financial Group Inc RI boosted its stake in EOG Resources by 2.3% in the second quarter. Citizens Financial Group Inc RI now owns 1,680 shares of the energy exploration company’s stock worth $140,000 after buying an additional 38 shares in the last quarter. Finally, Cypress Capital Management LLC WY acquired a new stake in EOG Resources during the second quarter worth approximately $160,000. 89.44% of the stock is currently owned by institutional investors.
EOG Resources Company Profile
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
Receive News & Stock Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related stocks with our FREE daily email newsletter.