EOG Resources, Inc. (EOG) PT Raised to $96.00 at J P Morgan Chase & Co
EOG Resources, Inc. (NYSE:EOG) had its price target hoisted by analysts at J P Morgan Chase & Co from $90.00 to $96.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “neutral” rating on the energy exploration company’s stock. J P Morgan Chase & Co’s price target points to a potential downside of 0.64% from the company’s previous close.
Other analysts have also recently issued reports about the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $111.00 price objective on shares of EOG Resources in a research report on Friday, July 14th. BMO Capital Markets reaffirmed a “buy” rating and issued a $95.00 price objective on shares of EOG Resources in a research report on Friday, August 4th. Scotiabank set a $100.00 price objective on EOG Resources and gave the company a “hold” rating in a research report on Saturday, July 1st. Royal Bank Of Canada set a $115.00 price objective on EOG Resources and gave the company a “hold” rating in a research report on Sunday, July 16th. Finally, BidaskClub raised EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company. EOG Resources presently has an average rating of “Buy” and a consensus target price of $108.28.
Shares of EOG Resources (NYSE EOG) traded down 0.03% on Thursday, hitting $96.62. The stock had a trading volume of 1,953,638 shares. The company’s market cap is $55.79 billion. EOG Resources has a 52 week low of $81.99 and a 52 week high of $109.37. The stock’s 50-day moving average price is $92.17 and its 200 day moving average price is $91.74.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the business earned ($0.38) earnings per share. The business’s quarterly revenue was up 47.1% on a year-over-year basis. On average, analysts predict that EOG Resources will post $0.62 EPS for the current year.
In related news, insider Gary L. Thomas sold 25,000 shares of the business’s 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 sale, the insider now owns 1,067,465 shares in the company, valued at approximately $103,149,142.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles R. Crisp sold 3,411 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $97.03, for a total value of $330,969.33. Following the sale, the director now owns 53,196 shares in the company, valued at approximately $5,161,607.88. The disclosure for this sale can be found here. Insiders have sold a total of 38,578 shares of company stock worth $3,700,882 in the last 90 days. 0.53% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Israel Discount Bank of New York bought a new stake in EOG Resources during the 1st quarter worth $556,000. Usca Ria LLC grew its position in EOG Resources by 232.2% during the 2nd quarter. Usca Ria LLC now owns 15,651 shares of the energy exploration company’s stock worth $1,417,000 after acquiring an additional 10,939 shares during the last quarter. AlphaMark Advisors LLC grew its position in EOG Resources by 4.8% during the 2nd quarter. AlphaMark Advisors LLC now owns 41,163 shares of the energy exploration company’s stock worth $3,726,000 after acquiring an additional 1,895 shares during the last quarter. Analyst IMS Investment Management Services Ltd. grew its position in EOG Resources by 9.8% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 12,606 shares of the energy exploration company’s stock worth $1,141,000 after acquiring an additional 1,120 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in EOG Resources by 1.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,841,779 shares of the energy exploration company’s stock worth $166,718,000 after acquiring an additional 24,257 shares during the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.
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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