Roth Mkm Issues Pessimistic Forecast for EOG Resources (NYSE:EOG) Stock Price

EOG Resources (NYSE:EOG) had its target price decreased by stock analysts at Roth Mkm from $114.00 to $108.00 in a research note issued on Friday,MarketScreener reports. The brokerage presently has a “neutral” rating on the energy exploration company’s stock. Roth Mkm’s price target would suggest a potential downside of 0.24% from the company’s current price.

A number of other research firms have also commented on EOG. Johnson Rice decreased their price target on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Wolfe Research reduced their price objective on EOG Resources from $138.00 to $134.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Wells Fargo & Company reduced their price objective on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $153.00 price objective on shares of EOG Resources in a research note on Wednesday, December 3rd. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $126.00 target price (down previously from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $134.67.

EOG Resources Price Performance

Shares of EOG stock opened at $108.26 on Friday. The stock’s fifty day simple moving average is $106.68 and its 200 day simple moving average is $112.23. EOG Resources has a one year low of $101.59 and a one year high of $135.87. The firm has a market cap of $58.74 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 8.83 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The business’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the business earned $2.89 earnings per share. On average, analysts expect that EOG Resources will post 11.47 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. This trade represents a 3.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Institutional Trading of EOG Resources

Hedge funds have recently modified their holdings of the business. First Trust Advisors LP raised its holdings in shares of EOG Resources by 64.1% during the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after purchasing an additional 1,456,928 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of EOG Resources by 282.3% during the 2nd quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock valued at $184,924,000 after acquiring an additional 1,141,680 shares during the period. Capital World Investors increased its holdings in EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in EOG Resources during the 3rd quarter worth approximately $87,193,000. Finally, TD Asset Management Inc raised its position in shares of EOG Resources by 288.1% during the 3rd quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock valued at $100,065,000 after purchasing an additional 662,539 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.