EOG Resources (NYSE:EOG) PT Raised to $140.00 at Mizuho

EOG Resources (NYSE:EOG) had its price target boosted by analysts at Mizuho from $138.00 to $140.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the energy exploration company’s stock. Mizuho’s price objective would indicate a potential upside of 5.31% from the company’s current price.

EOG has been the subject of several other research reports. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and lifted their price target for the company from $135.00 to $155.00 in a research note on Thursday, April 11th. Piper Sandler cut their price target on EOG Resources from $153.00 to $141.00 and set an “overweight” rating for the company in a research note on Thursday, March 7th. TD Securities lowered their price objective on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. KeyCorp lowered their price objective on EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. Finally, Citigroup lifted their price objective on EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $140.90.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $132.94 on Monday. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. EOG Resources has a twelve month low of $106.32 and a twelve month high of $139.67. The business has a 50-day moving average price of $122.23 and a 200 day moving average price of $121.84. The firm has a market cap of $76.47 billion, a PE ratio of 10.22 and a beta of 1.40.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the firm earned $3.30 EPS. EOG Resources’s revenue for the quarter was down 5.4% on a year-over-year basis. Sell-side analysts predict that EOG Resources will post 11.95 earnings per share for the current fiscal year.

Institutional Trading of EOG Resources

Institutional investors have recently made changes to their positions in the company. Fortis Capital Advisors LLC purchased a new stake in shares of EOG Resources during the 4th quarter valued at approximately $28,000. Lumature Wealth Partners LLC purchased a new stake in shares of EOG Resources during the 1st quarter valued at approximately $28,000. McIlrath & Eck LLC raised its position in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 104 shares during the period. Peoples Bank KS purchased a new stake in shares of EOG Resources during the 3rd quarter valued at approximately $31,000. Finally, Exchange Traded Concepts LLC raised its position in shares of EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 212 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.