EOG Resources Inc (EOG) Receives $121.76 Consensus PT from Analysts
EOG Resources Inc (NYSE:EOG) has been given an average recommendation of “Buy” by the twenty-nine research firms that are currently covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $121.76.
EOG has been the topic of several analyst reports. ValuEngine lowered EOG Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Oppenheimer initiated coverage on EOG Resources in a research note on Wednesday, March 27th. They issued an “outperform” rating and a $108.00 target price on the stock. Raymond James set a $124.00 target price on EOG Resources and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Goldman Sachs Group lowered EOG Resources to a “buy” rating in a research note on Friday. Finally, Morgan Stanley cut their target price on EOG Resources from $106.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 27th.
In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total value of $113,114.88. Following the completion of the sale, the director now owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.
Shares of EOG Resources stock traded down $3.19 during trading on Monday, hitting $102.12. 5,348,857 shares of the stock traded hands, compared to its average volume of 4,084,889. The firm has a market cap of $57.27 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.39 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27. EOG Resources has a 52-week low of $82.04 and a 52-week high of $133.53.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.10). The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.44 billion. EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. The business’s quarterly revenue was up 36.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 EPS. Analysts forecast that EOG Resources will post 4.84 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.86%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio is presently 15.88%.
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 People's Republic of China, and Canada.
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