EOG Resources (NYSE:EOG) Given New $155.00 Price Target at Wells Fargo & Company

EOG Resources (NYSE:EOG) had its price objective lifted by stock analysts at Wells Fargo & Company from $127.00 to $155.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the energy exploration company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 14.72% from the company’s previous close.

Several other brokerages also recently weighed in on EOG. Royal Bank Of Canada set a $138.00 target price on shares of EOG Resources and gave the company an “outperform” rating in a research note on Tuesday, January 13th. UBS Group increased their price objective on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Wolfe Research boosted their target price on EOG Resources from $140.00 to $152.00 in a research note on Monday, March 9th. The Goldman Sachs Group reduced their target price on EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Finally, KeyCorp cut EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $137.50.

EOG Resources Stock Up 1.1%

EOG traded up $1.51 on Monday, hitting $135.11. The company had a trading volume of 532,485 shares, compared to its average volume of 5,267,620. The stock has a market capitalization of $72.49 billion, a price-to-earnings ratio of 14.82 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The stock has a fifty day moving average price of $116.41 and a 200-day moving average price of $112.46. EOG Resources has a 12-month low of $101.59 and a 12-month high of $136.14.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same period in the prior year, the firm posted $2.74 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Analysts predict that EOG Resources will post 11.47 EPS for the current fiscal year.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total transaction of $260,000.00. Following the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $11,445,850. The trade was a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 7,774 shares of company stock worth $945,895. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently modified their holdings of EOG. Larry Mathis Financial Planning LLC purchased a new position in EOG Resources during the 4th quarter worth approximately $286,000. Union Savings Bank purchased a new stake in shares of EOG Resources in the 4th quarter valued at $326,000. Hsbc Holdings PLC raised its holdings in shares of EOG Resources by 34.6% during the fourth quarter. Hsbc Holdings PLC now owns 1,956,432 shares of the energy exploration company’s stock worth $205,387,000 after purchasing an additional 502,667 shares during the last quarter. EJMK Ventures LLC purchased a new position in shares of EOG Resources during the fourth quarter worth $329,000. Finally, Arwa LLC acquired a new position in EOG Resources during the fourth quarter valued at $1,188,000. Institutional investors and hedge funds 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.