EOG Resources (NYSE:EOG) had its target price dropped by equities researchers at Wells Fargo & Co from $116.00 to $99.00 in a report issued on Wednesday, The Fly reports. The firm currently has a “market perform” rating on the energy exploration company’s stock. Wells Fargo & Co‘s target price would indicate a potential upside of 10.38% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other research firms have also recently issued reports on EOG. ValuEngine cut EOG Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. MKM Partners assumed coverage on EOG Resources in a report on Wednesday, December 5th. They issued a “buy” rating and a $133.00 price objective for the company. Raymond James set a $124.00 price objective on EOG Resources and gave the company a “buy” rating in a report on Wednesday, January 23rd. Morgan Stanley decreased their price objective on EOG Resources from $106.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, February 27th. Finally, TD Securities decreased their price objective on EOG Resources from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. EOG Resources presently has a consensus rating of “Buy” and a consensus target price of $123.68.

EOG stock opened at $89.69 on Wednesday. The stock has a market cap of $50.45 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.34 and a beta of 1.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.36 and a quick ratio of 1.13. EOG Resources has a 1 year low of $82.04 and a 1 year high of $133.53.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.10). The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.44 billion. EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. EOG Resources’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter last year, the company posted $0.69 EPS. As a group, sell-side analysts forecast that EOG Resources will post 4.43 earnings per share for the current year.

In related news, Director Frank G. Wisner sold 3,150 shares of the firm’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $92.60, for a total value of $291,690.00. Following the completion of the sale, the director now directly owns 116,586 shares in the company, valued at approximately $10,795,863.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ezra Y. Yacob sold 2,388 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $98.77, for a total transaction of $235,862.76. Following the completion of the sale, the executive vice president now owns 45,424 shares of the company’s stock, valued at $4,486,528.48. The disclosure for this sale can be found here. Insiders sold a total of 6,834 shares of company stock valued at $640,668 over the last quarter. 0.51% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Private Capital Group LLC lifted its stake in EOG Resources by 6.3% in the 4th quarter. Private Capital Group LLC now owns 1,869 shares of the energy exploration company’s stock valued at $163,000 after purchasing an additional 110 shares during the last quarter. Lincoln National Corp lifted its stake in EOG Resources by 4.5% in the 4th quarter. Lincoln National Corp now owns 2,566 shares of the energy exploration company’s stock valued at $224,000 after purchasing an additional 111 shares during the last quarter. Resources Management Corp CT ADV lifted its stake in EOG Resources by 9.3% in the 4th quarter. Resources Management Corp CT ADV now owns 1,355 shares of the energy exploration company’s stock valued at $118,000 after purchasing an additional 115 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in EOG Resources by 0.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 14,442 shares of the energy exploration company’s stock worth $1,259,000 after acquiring an additional 115 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in EOG Resources by 0.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 23,302 shares of the energy exploration company’s stock worth $2,032,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 86.96% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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The Fly

Analyst Recommendations for EOG Resources (NYSE:EOG)

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