EOG Resources (NYSE:EOG) PT Lowered to $150.00

EOG Resources (NYSE:EOG) had its price objective cut by investment analysts at Stifel Nicolaus from $153.00 to $150.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the energy exploration company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 11.04% from the stock’s current price.

A number of other research firms also recently commented on EOG. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a report on Tuesday, April 9th. KeyCorp lifted their price objective on EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday. Piper Sandler upped their price objective on EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research note on Friday. Raymond James cut their target price on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Finally, Morgan Stanley upped their price target on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources Stock Performance

EOG traded up $1.19 on Tuesday, hitting $135.09. 717,027 shares of the stock traded hands, compared to its average volume of 3,376,128. The business has a fifty day moving average price of $123.87 and a two-hundred day moving average price of $122.16. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $77.71 billion, a PE ratio of 10.37 and a beta of 1.40. EOG Resources has a 52 week low of $106.32 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last released 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 firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.30 earnings per share. On average, research analysts predict that EOG Resources will post 12.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Capital World Investors lifted its stake in EOG Resources by 59.2% in the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after buying an additional 9,455,621 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after buying an additional 1,029,727 shares during the period. Qube Research & Technologies Ltd lifted its holdings in EOG Resources by 863.4% during the third quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock worth $139,445,000 after acquiring an additional 985,884 shares in the last quarter. Ameriprise Financial Inc. grew its stake in EOG Resources by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after acquiring an additional 892,951 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of EOG Resources in the third quarter worth about $71,596,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.