EOG Resources Inc. (EOG) Lifted to “Buy” at Stifel Nicolaus
EOG Resources Inc. (NYSE:EOG) was upgraded by equities research analysts at Stifel Nicolaus to a “buy” rating in a research note issued to investors on Thursday.
EOG has been the topic of a number of other reports. Bank of America Corp. set a $100.00 price objective on shares of EOG Resources and gave the company a “hold” rating in a research report on Friday, August 5th. Credit Suisse Group AG reissued a “hold” rating and set a $90.00 price objective on shares of EOG Resources in a research report on Tuesday, August 9th. Barclays PLC reduced their price objective on shares of EOG Resources from $104.00 to $84.00 and set an “overweight” rating on the stock in a research report on Monday, August 8th. Deutsche Bank AG raised shares of EOG Resources from a “hold” rating to a “buy” rating and boosted their price objective for the company from $83.00 to $96.00 in a research report on Friday, August 5th. Finally, Royal Bank Of Canada boosted their price objective on shares of EOG Resources from $88.00 to $95.00 and gave the company a “sector perform” rating in a research report on Monday, August 8th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. EOG Resources currently has an average rating of “Buy” and an average target price of $96.98.
EOG Resources (NYSE:EOG) opened at 102.52 on Thursday. EOG Resources has a 52-week low of $57.15 and a 52-week high of $103.07. The company’s 50 day moving average is $93.64 and its 200-day moving average is $88.15. The company’s market capitalization is $59.10 billion.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $0.09. EOG Resources had a negative net margin of 17.58% and a negative return on equity of 8.42%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company earned $0.02 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities analysts anticipate that EOG Resources will post ($1.76) EPS for the current fiscal year.
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In other EOG Resources news, EVP David W. Trice sold 4,600 shares of the stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $97.08, for a total transaction of $446,568.00. Following the completion of the sale, the executive vice president now directly owns 62,050 shares of the company’s stock, valued at approximately $6,023,814. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles R. Crisp sold 14,000 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $92.69, for a total transaction of $1,297,660.00. Following the sale, the director now directly owns 57,586 shares of the company’s stock, valued at $5,337,646.34. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
A number of large investors have recently made changes to their positions in EOG. Tortoise Investment Management LLC bought a new stake in shares of EOG Resources during the second quarter worth about $100,000. Baker Ellis Asset Management LLC acquired a new position in EOG Resources during the third quarter worth $101,000. ClariVest Asset Management LLC acquired a new position in EOG Resources during the third quarter worth $103,000. FTB Advisors Inc. raised its position in EOG Resources by 98.3% in the third quarter. FTB Advisors Inc. now owns 1,152 shares of the energy exploration company’s stock worth $110,000 after buying an additional 571 shares during the period. Finally, Assetmark Inc. raised its position in EOG Resources by 4.4% in the third quarter. Assetmark Inc. now owns 1,175 shares of the energy exploration company’s stock worth $114,000 after buying an additional 50 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.
About EOG Resources
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.
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