EOG Resources, Inc. (EOG) PT Raised to $120.00 at Barclays PLC
EOG Resources, Inc. (NYSE:EOG) had its target price boosted by equities researchers at Barclays PLC from $117.00 to $120.00 in a research note issued on Monday. The brokerage presently has an “overweight” rating on the energy exploration company’s stock. Barclays PLC’s price objective would suggest a potential upside of 18.04% from the stock’s previous close.
Other analysts have also issued reports about the stock. Jefferies Group LLC restated a “hold” rating and set a $101.00 target price on shares of EOG Resources in a research note on Wednesday, August 16th. Stifel Nicolaus set a $106.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. Royal Bank Of Canada set a $107.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Zacks Investment Research upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Finally, BMO Capital Markets restated a “buy” rating and set a $95.00 target price on shares of EOG Resources in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $108.92.
Shares of EOG Resources (NYSE EOG) opened at $101.66 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. The stock has a market cap of $58,654.55, a PE ratio of 247.41, a price-to-earnings-growth ratio of 14.52 and a beta of 0.99. EOG Resources has a one year low of $81.99 and a one year high of $109.37.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the prior year, the firm earned ($0.40) earnings per share. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. sell-side analysts anticipate that EOG Resources will post 0.78 EPS for the current fiscal year.
In other news, Director Charles R. Crisp sold 3,411 shares of the firm’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 completion of the transaction, the director now owns 53,196 shares in the company, valued at $5,161,607.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David W. Trice sold 3,114 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $106.65, for a total value of $332,108.10. Following the completion of the transaction, the executive vice president now owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 153,692 shares of company stock valued at $3,717,390. Corporate insiders own 0.53% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Capital Research Global Investors increased its position 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 valued at $3,787,329,000 after buying an additional 5,368,941 shares in the last quarter. Vanguard Group Inc. increased its position in EOG Resources by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,179,515 shares of the energy exploration company’s stock worth $3,727,570,000 after purchasing an additional 1,058,276 shares in the last quarter. Capital World Investors increased its position in EOG Resources by 9.9% during the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the energy exploration company’s stock worth $1,580,657,000 after purchasing an additional 1,568,085 shares in the last quarter. Northern Trust Corp increased its position in EOG Resources by 8.7% during the 2nd quarter. Northern Trust Corp now owns 8,001,255 shares of the energy exploration company’s stock worth $724,272,000 after purchasing an additional 638,183 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in EOG Resources by 8.0% during the 2nd quarter. Alliancebernstein L.P. now owns 6,914,602 shares of the energy exploration company’s stock worth $625,910,000 after purchasing an additional 511,099 shares in the last quarter. Institutional investors and hedge funds 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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