EOG Resources Inc. (EOG) Reaches New 12-Month High at $95.20
EOG Resources Inc. (NYSE:EOG) reached a new 52-week high during trading on Tuesday . The stock traded as high as $95.20 and last traded at $95.08, with a volume of 4,684,093 shares trading hands. The stock had previously closed at $88.91.
Several equities research analysts have recently commented on the stock. Stephens reaffirmed a “hold” rating on shares of EOG Resources in a research report on Saturday, May 14th. Barclays PLC upped their price target on shares of EOG Resources from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 24th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of EOG Resources in a research report on Thursday, June 2nd. KLR Group lowered shares of EOG Resources from a “buy” rating to an “accumulate” rating and set a $90.00 price target for the company. in a research report on Wednesday, May 25th. Finally, Zacks Investment Research raised shares of EOG Resources from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. EOG Resources has an average rating of “Hold” and an average target price of $87.60.
The firm’s market cap is $52.18 billion. The firm has a 50 day moving average price of $86.66 and a 200-day moving average price of $80.33.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.10. The business earned $1.78 billion during the quarter, compared to analysts’ expectations of $1.57 billion. The firm’s quarterly revenue was down 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Equities research analysts expect that EOG Resources Inc. will post ($1.66) EPS for the current year.
In other news, EVP Lloyd W. Helms, Jr. sold 4,875 shares of EOG Resources stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $85.91, for a total value of $418,811.25. Following the sale, the executive vice president now directly owns 58,867 shares of the company’s stock, valued at $5,057,263.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ann D. Janssen sold 831 shares of EOG Resources stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $84.95, for a total value of $70,593.45. Following the completion of the sale, the vice president now directly owns 57,598 shares in the company, valued at $4,892,950.10. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in EOG Resources stock. Dimensional Fund Advisors LP boosted its position in EOG Resources Inc. (NYSE:EOG) by 19.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,328,525 shares of the energy exploration company’s stock after buying an additional 544,376 shares during the period. Dimensional Fund Advisors LP owned about 0.61% of EOG Resources worth $235,620,000 at the end of the most recent reporting period.
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.