JPMorgan Chase & Co. Raises EOG Resources (NYSE:EOG) Price Target to $141.00

EOG Resources (NYSE:EOG) had its price target increased by research analysts at JPMorgan Chase & Co. from $134.00 to $141.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the energy exploration company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 11.54% from the stock’s current price.

A number of other research analysts have also weighed in on EOG. Citigroup raised their price target on shares of EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $145.00 price objective on shares of EOG Resources in a research report on Monday, March 4th. Morgan Stanley lowered shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $134.00 price objective on the stock. in a research report on Monday, December 11th. Wells Fargo & Company lowered shares of EOG Resources from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $150.00 to $130.00 in a research report on Thursday, December 14th. Finally, TD Securities lowered their price objective on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Eleven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.30.

EOG Resources Trading Up 0.5 %

EOG opened at $126.41 on Thursday. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. The stock has a market cap of $73.32 billion, a PE ratio of 9.72 and a beta of 1.39. The company has a fifty day moving average of $116.01 and a 200-day moving average of $121.41. EOG Resources has a twelve month low of $106.32 and a twelve month high of $136.79.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.30 earnings per share. On average, sell-side analysts predict that EOG Resources will post 11.43 EPS for the current year.

Institutional Trading of EOG Resources

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of EOG Resources by 2.8% during the 1st quarter. State Street Corp now owns 36,299,584 shares of the energy exploration company’s stock valued at $4,161,014,000 after acquiring an additional 1,005,328 shares during the last quarter. Capital World Investors lifted its stake in shares of EOG Resources by 59.2% in the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after purchasing an additional 9,455,621 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of EOG Resources by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock worth $1,639,903,000 after purchasing an additional 145,691 shares during the period. Geode Capital Management LLC lifted its stake in shares of EOG Resources by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 11,814,421 shares of the energy exploration company’s stock worth $1,352,283,000 after purchasing an additional 262,445 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of EOG Resources by 8.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after purchasing an additional 892,951 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.